Jfax.com –

LOS ANGELES – Jfax.com Inc., an Internet-based messaging and communications services provider, held an initial public offering July 23. The company offered 8.5 million shares of common stock at $15 per share, above its $8 to $10 filing range.

Boardrush Media, Pecks Management Partners and DLJ Entities were the venture backers. Boardrush sold 200,000 shares in the offering.

Donaldson, Lufkin & Jenrette, BancBoston Robertson Stephens, CIBC World Markets and DLJdirect Inc. underwrote the offering, which left 32,816,860 shares outstanding.

Incorporated in December 1995, jfax.com develops technology that allows a computer user’s e-mail box to function as a single repository for e-mail, fax and voice mail and permit convenient e-mail and voice message retrieval through e-mail or by phone. The company provides Internet-based unified messaging services to more than 30,000 paid subscribers.

Proceeds from the offering, worth approximately $73.9 million, will be used to expand the jfax.com international network, pay back debt and redeem preferred stock and fund advertising and marketing expenditures.

R. Scott Turricchi, a managing director in Donaldson, Lufkin & Jenrette Securities Corp.’s Investment Banking department, and Robert J. Cresci, a managing director of Pecks Management Partners Ltd., joined the company’s board of directors in May 1998.

jfax.com – Selected Financial

(in thousands, except per share data)

Year Ended December 31, Three Months Ended March 31,

1996 1997 1998 1998* 1999*

Total revenue 105 685 3,520 490 1,411

New income loss -769 -4,783 -17,728 -1,688 -3,042

Net income loss per share -0.12 -0.30 -0.80 -0.09 -0.13

*Pro Forma