VERT Verticalnet (MM)

Verticalnet, Inc. (Nasdaq:VERT), a leading provider of on-demand supply management solutions, today announced it has completed a reverse stock split effective immediately. The Company�s Board of Directors authorized a one-for-eight reverse split of its common stock, which was approved by the Company's shareholders at the 2007 Annual Meeting of Shareholders on August 15, 2007. In the reverse stock split, each eight shares of outstanding common stock will be combined into and automatically become one share of common stock. No fractional shares will be issued in connection with the reverse stock split. Any fractional shares resulting from the reverse stock split will be rounded up to the nearest whole share and no cash payment will be made in respect to such rounding. All outstanding options, warrants, preferred stock or other rights convertible into or exercisable for shares of common stock, will be adjusted in accordance with their terms and pursuant to the one-for-eight ratio. The Company anticipates that its common stock will begin trading on a split-adjusted basis when trading opens on August 16, 2007, with the interim ticker symbol "VERTD." After 20 days, the Company expects that the "D" designation will be removed, and its ticker symbol will revert back to "VERT." The Company's transfer agent will mail instructions to all shareholders of record as of the effective date of the reverse stock split, explaining the process for obtaining new post-split stock certificates. The Company is implementing the reverse stock split in order to meet The Nasdaq Capital Market's $1.00 per share minimum bid price requirement. The Company anticipates that following the reverse stock split, its common stock will trade at a price that is higher than the $1.00 per share minimum bid price. However, there can be no assurance that following the reverse stock split the Company will be able to demonstrate compliance with all other requirements for continued listing on The Nasdaq Capital Market, or that its common stock will remain listed. Cautionary Statement Regarding Forward-Looking Information This announcement contains forward-looking information that involves risks and uncertainties. Such information includes statements about the pending reverse stock split, the ability to maintain the listing of the Company�s common stock on The Nasdaq Capital Market and the ability to satisfy the $1.00 per share minimum bid price requirement set forth in Nasdaq Marketplace Rule 4310(c) if a reverse stock split is effected, as well as statements that are preceded by, followed by or include the words �expects� and �anticipates,� or similar expressions. For such statements, Verticalnet claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Factors that could cause actual results to differ from those contained in the forward-looking statements include, but are not limited to, those factors set forth in the Annual Report on Form 10-K for the year ended December 31, 2006 and the Quarterly Reports on Form 10-Q for the for quarterly periods ended March 31, 2007 and June 30, 2007, which have been filed with the SEC. Verticalnet is making these statements as of August 15, 2007 and assumes no obligation to publicly update or revise any of the forward-looking information in this announcement. To learn more, please visit us at www.verticalnet.com. Verticalnet is a registered trademark or a trademark in the United States and other countries of Vert Tech LLC