For Immediate Release

Contact:   Carmen Hughes Carmen@ignitepr.com (650)592-1768

Multiply Secures $6 Million in Funding

Popular Social Networking Site Secures Strategic Partnership to Expand Presence Internationally with Launch of Multiply's Japanese Version

BOCA RATON, FLORIDA, JULY 17, 2006 -- Underscoring the continued growth in social networking, Multiply, Inc. (http://multiply.com), announced today that it has completed a $6 million round of funding. The Series A funding comes from Transcosmos Investments, which brings its total to $5 million, with additional investment coming from company founders. Funds will be used to accelerate the development of new features and functionality for Multiply's service as well as to expand the company's marketing activities and international presence.

Closing in on a milestone of 3 million registered users, Multiply has steadily gained traction for taking a vanguard position to privacy as well as for providing friendly, full service tools for communications, content creation and media-sharing. Since its inception, Multiply has offered consumers a more controlled approach to social networking services. Rather than take the prevailing approach where people create and share a presence online in what is analogous to a public social nightclub, Multiply gives users the option to create a more intimate, personal online presence similar to the privacy afforded in one's own backyard. Unlike other social networks that aggregate everyone’s profile, photos, videos, and blogs into a public bucket, Multiply contains and delivers information, content, and communications strictly within a user's pre-established "personal network" of bona fide friends and family.

In conjunction with the funding announcement, the company also formed a strategic partnership with Transcosmos. Multiply also announced the launch of a Japanese version of its popular social networking service that will be operated with the support of Transcosmos. The strategic partnership will leverage Transcosmos' connections, infrastructure, and resources to expand Multiply’s presence throughout Japan.

"Transcosmos' decision to partner and fund Multiply underscores our innovative messaging and content-sharing platform as well as our vision of providing users with a different slant on social networking," said Peter Pezaris, Founder and CEO of Multiply. "We're eager to collaborate with Transcosmos to continue enhancing and extending ways that Multiply's service can meet our users' dynamic needs for user-generated content, easy communications and effortless sharing."

"We believe extending Multiply's service to the Japanese market of close to 90 million Internet users is a smart move. After evaluating existing alternatives, we found Multiply's offering to be truly distinct from other social networking sites. Multiply lets people communicate and share information and content in an easy, efficient, yet highly selective manner. It's not surprising that the simplicity, efficiency, and appeal of its services have helped Multiply gain traction with millions of people. We are thrilled to extend Multiply's service throughout Japan," commented Shin Nagakura, Executive Vice President of Transcosmos Investments and Multiply Board member.

An active investor in the consumer marketing, Web 2.0 and online services, Transcosmos has made investments in Become.com, Donnerwood Media, Pheedo, Edgeio, Hipcast (a.k.a. Audioblog), SingShot Media, and Optimost among others.

About Multiply
With offices in New York, NY and Boca Raton, FL, Multiply provides easy-to-use, integrated tools and communication features that allow people to create and share their online presence and communications in a controlled, private manner. Unlike other social networks that aggregate everyone's profile, photos, videos, and blogs into a public bucket, Multiply contains and delivers information, content, and communication strictly within the personal network boundaries that each user has outlined. The company is privately held with backing by Transcosmos and private investors. For more information, interested parties can visit http://multiply.com.

About Transcosmos Investments & Business Development, Inc.
Transcosmos Investments & Business Development, Inc., is a wholly owned subsidiary of Transcosmos, Inc. With offices in Bellevue, Wash., and San Jose, Calif., Transcosmos Investments & Business Development is a strategic corporate investor and an active local business partner for Internet-based U.S. technology companies expanding into the Japanese marketplace. It is the international partner-of-choice, offering capitalization of joint ventures, infrastructure development, strategic relationships, staffing and localization to companies in the U.S. technology sector - effectively creating a pipeline of technological information to Japan. Transcosmos Investments' portfolios, which focus on companies specializing in digital marketing, e-commerce and digital media, include such marquee brand names as AskJeeves, Inc./Bloglines, DoubleClick Inc., RealNetworks Inc., NetRatings Inc., Atom Shockwave, Inc., Become Inc. and CinemaNow, Inc. For more information, please visit: http://www.transcosmos.com.

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