2014

Lycos Announces the Consolidation of Its Global Brand Rights

Termination of License Agreements with Lycos Europe Announced

WALTHAM, Mass., June 11 /PRNewswire/ -- LYCOS, Inc. (www.lycos.com), a leading Search and Internet portal and subsidiary of Daum Communications in Korea, today announced that it has reached agreement with Lycos Europe to regain use of its Trademarks and Brands for Lycos and Hotbot within the European territory. Prior to this agreement, Lycos Europe had an exclusive license to use those Trademarks and Brands within Europe dating back to 1997, when it was formed as part of a joint venture.

"Lycos and Lycos Europe have been operating independently to provide search services to consumers world-wide for many years, sometimes causing confusion in the marketplace. For a variety of reasons, it made sense at this time to consolidate Lycos' collective assets and branding, especially in Europe, which is an important part of the global market," said Jungwook Lim, Chief Executive Officer. "Lycos continues to have a loyal user base and we expect this consolidation to help revitalize and strengthen our search businesses within Europe."

"Over the next several weeks Lycos will be re-launching the provision of search services within the European territory," said Edward Noel, General Manager of Search and Business Development. "Locally targeted content verticals will gradually be rolled out and we will be taking steps to enhance our users' search experience."

Lycos thrives today as one of the oldest surviving Internet brands and search services. Through acquisitions over the years, Lycos has added other established brands including Hotbot, Tripod, Angelfire, Gamesville and WhoWhere to its network of products and services and today serves over 30 million users a month.

About Lycos, Inc.

Lycos, Inc. operates search and technology web sites including Lycos.com, Hotbot.com, Tripod.com, Angelfire.com, Gamesville.com and WhoWhere.com. Lycos, Inc. (www.lycos.com) is a wholly owned subsidiary of Daum Communications Corp., a leading Internet portal and e-commerce destination in Korea with a growing presence throughout the Asian markets. Lycos was acquired by Korean Daum Communications Corp. in October 2004 and has its U.S. headquarters in Waltham, Massachusetts. Daum Communications Corp. is traded on the KOSDAQ: 035720, www.daum.net

Lycos(R) is a registered trademark of Lycos, Inc. All other product or service marks mentioned herein are those of Daum Communications Corp., Lycos, Inc. or their respective owners.

SOURCE Lycos, Inc.



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