Press Release

Thomas Weisel Partners Selects FaceTime Communications to Provide Instant Messaging Solution to Institutional Traders

FaceTime's IMAuditor Chosen by Thomas Weisel Partners to Audit All Public IM Network Traffic for SEC Compliance Purposes.

FOSTER CITY, Calif., November 05, 2001 -- FaceTime Communications, the premier provider of instant messaging for business, today announced that Thomas Weisel Partners, a leading merchant bank providing investment banking, institutional brokerage, private client services, private equity and asset management to the growth sectors of the economy, has chosen FaceTime's IMAuditor product to enable real-time communications for its traders and their customers. The result gives Thomas Weisel the ability to leverage the power of the public instant messaging networks from AOL Time Warner, Microsoft and Yahoo! for time-sensitive business communications, while ensuring administrative controls are in place to comply with government regulations.

"Instant Messaging has become an important means of business communication," said Brad Adrian, Analyst with Gartner Financial Services. "Financial enterprises using instant messaging to conduct business must consider the critical need to log and audit those conversations."

"Thomas Weisel Partners, as a leading adopter of technology in the financial services market, views its choice of FaceTime's IMAuditor as a significant competitive advantage for its traders and clients, who can now use an already familiar tool to conduct time-sensitive business communications," said Robert Hahn, CIO, Thomas Weisel Partners. "FaceTime's interface to the AOL, MSN and Yahoo! networks, and the fact that they are the only solution that can audit all public IM network traffic, solidified our confidence in FaceTime's ability to offer our employees and clients another important means of contact, while meeting our compliance and technology management needs."

"FaceTime's research has revealed an explosive grassroots adoption of AOL, MSN, and Yahoo! instant messaging usage by traders and broker-dealers for time-sensitive communications with their clients," said Glen Vondrick, FaceTime's President and CEO. "IMAuditor enables them to continue using these public IM networks, without any change of software, while still satisfying the SEC compliance regulations. Thomas Weisel's decision to partner with FaceTime validates the importance of our unique offering for financial institutions."

FaceTime's partnerships with AOL Time Warner, Microsoft and Yahoo! give the company the ability to develop industry leading value-added IM solutions. FaceTime's unique licensing agreement with AOL Time Warner has enabled the company to be the first to deliver authorized solutions on the AOL AIM network. FaceTime's partnerships provide IT professionals the confidence and security they need to allow access to the public IM networks via IMAuditor for regulatory compliance.

The FaceTime IMAuditor enables IT departments to install a back-end software server behind their Internet firewall in order to manage and monitor instant messaging communication across all major public IM networks. IMAuditor provides the following capabilities:

Archiving of data to an auditable database

Content scanning and Web-based query and retrieval of stored data

Keyword watch lists for monitoring content of messages to ensure propriety of business communications

Automatic display of disclaimer notices on all instant messaging communication, management control of IM communication

Valuable insight on the usage of instant messaging

About FaceTime Communications
Founded in 1998, FaceTime Communications is the leading provider of security solutions for the management and control of greynet applications such as adware/spyware, instant messaging, webmail, P2P file sharing, web conferencing and instant voice. FaceTime delivers the industry's first IMPact Index, which assesses "point-in-time" risks posed by viruses, worms and other malware propagating through greynet applications. FaceTime's award-winning solutions are used by over 600 customers, among them seven of the eight largest U.S. financial institutions. FaceTime supports or has strategic partnerships with all leading public and private IM network providers, including AOL, Google, Microsoft, Yahoo!, IBM, Bloomberg, Jabber and Reuters.

FaceTime is headquartered in Foster City, California. For more information visit http://www.facetime.com or call 888-349-FACE.

PR Contact:

Emily Chamberlin
650-762-2945
echamberlin@ar-edelman.com