PointCast Founder Chris Hassett Hires Sands Brothers as Financial Advisor to Manage Potential Equity Investment in PointCast.

NEW YORK--(BUSINESS WIRE)--April 6, 1999--Chris Hassett, founder and original chief executive officer of PointCast Inc., announced today that he has hired New York-based investment banker Sands Brothers & Co., Ltd. as financial advisor to manage the potential acquisition of PointCast Inc. Should the transaction be completed, it would yield a majority equity interest.

Hassett founded PointCast in 1992 and pioneered the delivery of personalized news and information via the Internet. As PointCast's chairman, chief executive officer and president, Hassett recruited a top management team, raised in excess of $50 million in equity capital and led the company to first year revenues of approximately $18 million. He left the company in 1997 and in March of 1998 established PrizePoint Entertainment, an Internet entertainment programming company that offers Reward Entertainment for the mass market at its free web site, www.prizepoint.com.

"PointCast has tremendous assets that continue to make it a strong Internet media company," Hassett said. "Adding the appropriate capital, management and strategic vision make PointCast an exciting opportunity."

Steven Sands, Co-chairman of Sands Brothers & Co., Ltd., stated: "Chris' reputation in the Internet industry is perhaps the greatest asset in this transaction. We are confident in our ability to help him quickly achieve his goals. We are looking forward to PointCast and its new management team as a welcome member of our portfolio of companies."

Sands Brothers & Co., Ltd. is an international investment banking and securities brokerage firm with offices in New York and San Francisco. Established in 1990, Sands Brothers is a member of the New York Stock Exchange and provides a full range of services, principally to high net worth individuals, institutional money managers and corporations (both public and private).