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VerticalNet (ticker: VERT, exchange: NASDAQ) News Release - 1/24/2002


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Verticalnet to Announce Fourth Quarter and Fiscal Year 2001 Results February 13th After Market Close

Conference Call Set At 5:00 P.M. Eastern Standard Time; Simultaneous Webcast Available On Verticalnet Website

HORSHAM, Pa., Jan 24, 2002 (BUSINESS WIRE) --Verticalnet, Inc. (Nasdaq:VERT) expects to announce the financial results from its fourth quarter and fiscal year ended December 31, 2001 on Wednesday, February 13th at 5:00 p.m. EST.

Investors and analysts are invited to listen to management`s detailed discussion of the Company`s fourth quarter financial results by dialing, toll-free, (877) 606-5622. International callers should dial (706) 634-0478.

A digital recording of the call will be available two hours after the call by dialing, toll-free, (800) 642-1687. International callers should dial (706) 645-9291. All callers should refer to the conference ID number of 3064764 for the replay, which will be available for one week following the call.

A webcast of the conference call will also be available on Verticalnet`s website at www.verticalnet.com.



About Verticalnet

Verticalnet (NASDAQ:VERT) develops eXtended enterprise management (XEM) applications that provide unmatched visibility into critical data, allowing organizations to communicate and collaborate more effectively across the extended value chain. The company`s Collaborative Sourcing applications offer the broadest integrated sourcing solution delivered through a superior multi-party collaborative platform allowing customers to plan, execute, and manage the complete process of sourcing and procuring materials while collaborating with suppliers to share critical operational data throughout the purchase cycle. Verticalnet`s solutions are uniquely differentiated by its Knowledge Architecture, a leading-edge technology that enables the extraction, organization, and normalization of data in a timely and unobtrusive manner from disparate ERP and legacy systems across the extended enterprise. The Verticalnet Small/Medium Business Group (SMB) continues to be the leader in e-commerce enablement, with marketplace solutions that connect buyers and suppliers online through its 59 industry-specific marketplaces. For more information about Verticalnet, please visit www.verticalnet.com
Verticalnet is a registered trademark of Vert Tech LLC in the United States and/or other countries.



CONTACT: Verticalnet, Inc.
Marisa Zielinski, Manager, Investor Relations
215/315-3367
mzielinski@verticalnet.com

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