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Next Phase Media Expands Management Team With Appointment of Tom Stone to CFO

(Walnut Creek, CA) September 20, 2002 – Tom Stone has joined the Next Phase Media team as the company’s chief financial officer. Stone joins the Walnut Creek-based company from MoltenLab Software, a provider of Internet-based enterprise content management software, where he was president.

Prior to joining MoltenLab Software, Stone was part of the senior management team at Autoweb.com, including serving as its CFO. Stone was instrumental in the preparation and completion of its IPO. Subsequently, during the period Stone served as CFO, Autoweb realized compound annual revenue growth of greater than 35% and an annualized revenue run rate of greater than $60 million. He also served as vice president of corporate strategy and was responsible for building Autoweb’s equity-related strategic alliances.

Stone played a key role laying the early groundwork for Autoweb’s acquisition by Autobytel. During his tenure at Autoweb, Stone also negotiated or was pivotal in most alliances including AOL, Yahoo!, CarsDirect and AIC, and was central to strategic negotiations with OEMs and others.

“Next Phase Media is profitable and growing exponentially. It’s definitely time to expand our senior management team, and Tom has tremendous credentials to support this type of growth. He is a terrific addition to our team and will be a key player in our growth and strategic development,” says NPM CEO and founder Payam Zamani. “Along with his strengths in developing long-term financial strategy, he brings a strong, rounded background in Internet media. In addition, he has proven experience in preparing a company for an IPO and completing the process.”

Stone holds a degree in Computer Science from Harvard University. He is also a film producer, and recently completed production of “Hayastan: A Promise to Araxi” (2002), a documentary short film edited through Paramount Pictures.

Next Phase Media, Inc. (www.nextphasemedia.com) is the premiere online referral source for qualified business services, leads and professionals. Founded in 2001, Next Phase Media develops and maintains a network of interactive online marketplaces connecting buyers and sellers in an efficient manner. The privately-held company is headquartered in Walnut Creek, California.