Appoints Bob Fitterman Chief Technology Officer, Ira Reiss Vice President of Operations, and Ted Nadeau Vice President of Product Development

New York City—August 7, 2000—Vindigo, the leading developer of personal navigation applications for handheld devices, today announced the appointment of three key members to its executive management team. Bob Fitterman, chief technology officer, Ira Reiss, vice president of operations, and Ted Nadeau, vice president of product development. In addition, Vindigo announced its relocation to new corporate headquarters, located at 259 West 30th Street in New York City.

"The success of the Vindigo service is fueling our expansion and bringing us high caliber talent like Bob, Ted, and Ira. Each of them brings unique skills and strengths which will be key contributions as we move ahead with our continued expansion to new cities and platforms," stated Jason Devitt, CEO of Vindigo.

As Chief Technology Officer, Bob Fitterman brings to Vindigo 19 years of experience in software development. In 1988 he co-founded ILX, which grew to be the nation's largest provider of mission-critical real-time financial market data to brokerages. As executive vice president of systems development and new business development, Fitterman established the engineering team and grew it to 150 people, playing a central role in designing, programming, and managing the technology infrastructure and production services. An avid Palm user, he also developed a Palm-based restaurant application and a Manhattan street database prior to joining Vindigo. Fitterman received a Bachelor of Arts in Applied Mathematics from the Johns Hopkins University and began his career at E. F. Hutton and Data General.

As Vice President of Operations, Ira Reiss will oversee Vindigo's finance, human resources, and administrative functions. Prior to joining Vindigo, Reiss was the Director of Financial Operations at Juno Online Services. Over a three year period, he was responsible for starting up and managing the company's fee based subscription service, Juno Web. Reiss' experience also includes working as VP of Online Business at TVT Records as well as four years as an auditor/consultant with Deloitte & Touche. Reiss is a Certified Public Accountant and holds an MBA from Columbia Business School.

As Vice President of Product Development, Ted Nadeau brings 13 years of experience in strategic and technical management to his new role. Before joining Vindigo, Nadeau served as vice president of production and design for FortuneCity.com, and general manager for FortuneCity's joint venture with Warner Brothers, AcmeCity.com. In addition, Nadeau participated in the development of the ISP industry's first 24x7 customer support desk at PSINet and was later promoted to managing director of PSINet UK, where he oversaw the acquisition and integration of EUNet's UK operations. Subsequently, Nadeau headed up product management at AirMedia, a supplier of wireless data and content services, and served as director of interactive platforms for Gartner Group. Nadeau received a Bachelor of Science in Business Management and Marketing from Cornell University.

About Vindigo

Vindigo creates resource-rich software for mobile devices that allows people to explore, enjoy, and connect to the world around them. The company's core product, also called Vindigo, transforms Palm Inc. handhelds and compatibles into personal navigators. It delivers location-specific information about the limitless choices of places to go and things to do in popular cities. Combining mobility with an insider's insight and in-depth expert reviews from the nation's most trusted local sources—including the New York Times, zagat.com, and the San Francisco Chronicle—Vindigo instantly adapts to a user's location and interests. Vindigo gives busy people the ability to make quick, savvy, lifestyle decisions about where to eat, shop and play, whenever and wherever they are. Vindigo is a privately held company backed by General Atlantic Partners LLC, Flatiron Partners, Carlin Ventures, and select private investors. The company's headquarters are located at 259 West 30th Street, 4th Floor, New York, NY 10001. For information, contact Vindigo at: (212) 590-6900 or via the Web at (www.vindigo.com).