NetGeo Secures $1.85 MM in Series C Round

Institutions See Strong Growth Opportunity in the Company's Product Pipeline
New Investor Daesung Group Aboard; Chairman Kim Elected NetGeo Director

Mountain View, Calif. - June 11, 2002 - NetGeo™ Inc.a leading provider of Internet business intelligence solutions, today announced the close of its latest round of investment. The Company raised $1.85 million to fund infrastructure growth and new product development. Along with existing investors LG Ventures, ALPS Information Technology Fund LP and Michael Yang, a new investor - the Daesung Group (www.daesung.co.kr) -- joined in the round. Younghoon David Kim, Chairman of the Daesung Group, was appointed to NetGeo's Board of Directors.

"We are very thankful to our existing investors and the Daesung Group for their confidence and investment in NetGeo," said Michael Yang, NetGeo's Co-Founder, President & CEO. "Since we opened our doors in February of 2000, NetGeo has gained much momentum - with a growing customer base including the $1.5 billion company Experian. NetGeo is already a leader in its industry. Now, with our next generation of business intelligence products in rapid development, we have the opportunity to expand into new high growth markets."

"We are confident in our decision to invest in NetGeo," said Younghoon David Kim, Chairman of the Daesung Group and new NetGeo Board Member. "We are excited about the company's future - they are developing a new breed of value-added technology for the ever-expanding Internet applications market."

"We strongly support NetGeo," said Marty Sukle, Manager of Alps Investment Research, LLC and a Board Member of NetGeo. "With the successful Silicon Valley veteran Michael Yang at the helm and a stellar management and engineering team behind him, we believe the company has tremendous potential for continued growth and long-term success."

Contact:

Kristina Jade Yee
Senior Director of Marketing
NetGeo, Inc.
650-318-8000, ext. 506
kyee@netgeo.com