June 28, 1999 - TalkStar.com, Inc. today announced that it has raised $11 million in funding from Worldview Technology Partners, Nokia Ventures and Oak Investment Partners. The funds will be used to launch a range of new IP-based voicemail services which leverage the ubiquity of the existing telephony infrastructure, the power of the Web and the Internet backbone. The three funding partners will also provide the TalkStar management team with wide-ranging management and global telecommunications industry expertise. TalkStar.com, Inc. also announced the appointment of Bruce Crair to the position of President and Chief Operating Officer. This appointment further strengthens the management team leading TalkStar's aggressive entry into the IP telephony market. Crair will call on his previous management experiences, including his role as President and founder of Sprint PCS/Cox Communications PCS L.P., for his global responsibilities of business strategy, infrastructure and partnerships.

"Bruce's extensive telecommunications background, leadership skills and track record of building successful companies will be extremely valuable in launching TalkStar's first and its follow-on services worldwide," said Mike Orsak, General Partner & Co-Founder of TalkStar lead investor Worldview Technology Partners. "The market for IP-based messaging services is poised for explosive growth. With Bruce at the helm, we are very confident that TalkStar will quickly assume an industry-leading role."

"I'm very excited by the opportunity to lead TalkStar - initially as we launch our revolutionary new voicemail services and then additional IP-based offerings" said Crair. "I look forward to establishing TalkStar as the leader in IP-based telecommunications services." As President of Sprint PCS/Cox Communications PCS L.P., Crair built the wireless voice communications company from inception to a leadership position in the PCS/Cellular market. Under his direction, in three years, revenues grew to more than $200 million per year and the number of employees expanded to over 1,100. At Pacific Bell, Crair held key management positions in the areas of marketing, regulatory affairs and operations. He was also one of the key field managers responsible for restoring business, governmental and residential communications services to the city of San Francisco following the Loma Prieta earthquake of 1989. Crair holds a master's degree in business from the University of California, Berkeley and a bachelor's degree in physics from the U.S. Naval Academy.

About TalkStar
TalkStar.com, Inc. is an IP telephony company dedicated to providing convenient messaging solutions via the Internet. Founded in 1998, TalkStar is headquartered in Menlo Park, California. For more information, visit the TalkStar Web site at www.talkstar.com.

About Worldview Technology Partners
Worldview Technology Partners, a venture capital firm with $270 million under management, has a strong track record of investing in and helping build leading U.S. information technology companies. Worldview focuses investments in markets where they have expertise -- telecommunications, internet services and e-commerce. In addition, their presence in Asia gives Worldview unique insight into global opportunities in these industries. For more information, visit the Worldview Technology Partners Web site at www.worldview.com.

About Nokia Ventures Fund
Nokia Ventures Fund is a $100 million venture capital fund formed in 1998 to invest in early stage, high-growth companies in the communications equipment, communications services, software and information technology industries. The fund's sole limited partner, Nokia Corporation, has invested in the fund with the express intent to gain exposure to learnings about new technologies, markets and trends. For more information, visit the Nokia Ventures Fund Web site at www.nokia.com.

About Oak Investment Partners
Oak Investment Partners is a private partnership that focuses on financing emerging leaders in the information technology and e-commerce areas. Oak was founded in 1978 and has since organized eight partnerships with total commitments of over $1.6 billion. For more information, visit the Oak Investment Partners Web site at www.oakinv.com.