SPYGLASS, MITSUI ENTER RESELLER AGREEMENT FOR PRISM CONTENT.

(Full text of a statement. Contact details below.)

NAPERVILLE, Ill. and TOKYO, Feb 24 PRNewswire-AsiaNet - Internet pioneer Spyglass Inc. (Nasdaq: SPYG) and Mitsui & Co. Ltd. announced today they have signed a reseller agreement under which Mitsui will sell the Spyglass Prism content delivery and transformation platform in the Japanese market.

As the market for information appliances continues to emerge, delivering and managing Web content for these devices is becoming an increasing challenge. Because information appliances vary in terms of display capabilities, processing power, and communications speed, richly formatted content designed for PCs may be awkward to display and slow to download. Spyglass Prism is a server-based solution designed to meet this challenge.

Spyglass Prism automatically converts, optimizes and transmits Web-based content, created for PCs in the standard HTML format, to devices such as cellular phones and personal digital assistants (PDAs). Carriers, Internet service providers (ISPs) and content providers can use Spyglass Prism to provide Web content at high-speed and low-cost to any device, including cellular phones equipped for i-mode or cdmaOne, without having to separately convert the content for each type of device.

Spyglass Japan Country Manager Noriyuki Nihira, explains, "Spyglass Prism is a server application that supports readily available Web browsers in the market. Combined with the Inktomi TrafficServer, Spyglass Prism can be used to offer new Internet access service solutions for all kinds of information devices. At the same time, sales through our new distributor, Mitsui, a pioneer of Japan's Internet field, will create opportunities for us to provide localization and other customer-support services, thereby significantly expanding our Japanese market."

Mitsui will provide Spyglass Prism as application software via the Inktomi TrafficServer, a cache server product, and sell it to affiliated sales companies, carriers, ISPs, and content providers.

"By using the technology developed by Spyglass, our customers will be able to provide content optimized for a variety of devices, thereby enabling them to offer a wider variety of content to their customers," said Mr. Sosuke Tsuchiya, general manager of Mitsui & Co.'s Solution Business Division. "Our partnership with Spyglass will enable us to more actively market Internet access solutions for many different devices."

Mitsui, Japan's largest service provider and biggest investor in the information technology field (IT), has holdings in leading IT companies such as Nihon Unisys, Adam Net and AOL Japan. It recently announced its participation in a new venture, dubbed 7dream.com, which will create one of Japan's largest markets for e-commerce. Other partners in the venture include major players such as NEC, Sony, JTB and Seven-Eleven Japan.

About Mitsui & Co. Ltd.

Mitsui & Co. Ltd. is one of Japan's oldest and largest international trading companies, with over 300 years of experience and sales of US$131.7 billion in fiscal 1998. The company is spearheading the rapid development of Japan's Internet, IT and communications systems fields, including as a partner in AOL Japan.

About Spyglass Inc.

Spyglass (Nasdaq: SPYG) is a leading provider of strategic Internet consulting, software and professional services that enable content providers, service operators and device manufacturers to capitalize on the potential of the Internet. Market-leading companies using Spyglass solutions include GTE, Microsoft, Motorola, NEC, Nokia, Thomson Consumer Electronics, WorldGate and Xerox. Spyglass is headquartered in Naperville, Ill. and has regional offices in Lexington, Mass., Silicon Valley, Calif., London and Tokyo. Visit http://www.spyglass.com for more information.

(February 2000)

Spyglass and the Spyglass logo are trademarks or registered trademarks of Spyglass, Inc., in the United States and other countries. Mosaic is a trademark of the University of Illinois. (Other technologies and brand names are trademarks or registered trademarks of their respective companies.) This release contains information about management's future expectations, plans and prospects that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward- looking statements as a result of various important factors that are discussed in the company's annual report on Form 10-K for the year ended September 30, 1999 and other documents periodically filed with the SEC.

For more information contact: Mr. Noriyuki Nihira, Director, Sales Asia Pacific of Spyglass International, Inc. Japan Branch, 03-3538-0170, fax, 03-3538-0172; or Mr. Munehito Koga, Network System Sales Department, Solution Business Division of Mitsui Corporation, 03-3285-7850, fax, 03-3285-8626

SOURCE Spyglass, Inc.

CONTACT: Amanda Ingalls of Spyglass Inc., 630-245-6512,

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