Class Action Suit Against Network Commerce Inc. Filed by Wechsler Harwood

Wechsler Harwood Halebian & Feffer LLP hereby gives notice that a class action lawsuit was filed in the United States District Court for the Western District of Washington at Seattle on behalf of all investors who purchased the common stock of Network Commerce Inc. (NASDAQ: NWKC) between September 28, 1999 and April 16, 2001, inclusive (the "Class Period"), and who suffered damages thereby.

The complaint charges that Network Commerce and its Chairman and CEO Dwayne M. Walker ("Walker") violated Sections 11, 12(2), and 15 of the Securities Act of 1933, and Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. It is alleged that during the Class Period, defendants disseminated to the investing public false and misleading registration statements and prospectuses related to Network Commerce's Initial and Secondary Public Offerings, as well as its merger with Ubarter.com. Defendants distributed to the investing public false and misleading financial statements and press releases concerning the Company's growth of revenue, earnings, and ability to achieve profitability. In addition, each document, as well as quarterly and annual financial reports filed with the Securities and Exchange Commission ("SEC"), failed to disclose, among other things, the terms upon which Walker executed several promissory notes with the Company that led to a $4.5 million loss to the Company.

Once the truth was revealed, the Company's stock plummeted.

If you are a member of the Class described above, and if you meet certain other legal requirements, you may, no later than within sixty (60) days of this notice, move the Court to serve as a lead plaintiff. The requirements for serving as a lead plaintiff are set forth in the Private Securities Litigation Reform Act of 1995 (15 U.S.C. 78u-4). Class members need not seek appointment as lead plaintiff in order to share in any recovery resulting from this litigation.

If you wish to discuss this action with us, or have any questions concerning this notice or your rights and interests with regard to the case, please contact us by e-mail at nwkc@whhf.com or:

  Ramon Pinon IV
  Shareholder Relations Department
  Wechsler Harwood Halebian & Feffer LLP
  488 Madison Avenue 8th Floor
  New York, New York  10022
  Fax: (212) 753-3630

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SOURCE: Wechsler Harwood Halebian & Feffer LLP

Contact: Ramon Pinon IV, Shareholder Relations Department of Wechsler
Harwood Halebian & Feffer LLP, 212-753-3630

Website: http://www.whhf.com/