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Junior Achievement Announces Nationwide "Who Wants to be a CEO" JA TITAN Competition

June 18, 2002

Colorado Springs, Colo.- Junior Achievement (JA) announced today that it will be conducting a nationwide competition for JA TITAN, a free one-of-a-kind interactive business simulation game designed to fit today's new economy. JA TITAN teaches young, aspiring entrepreneurs in an entertaining and engaging way about the nuances of running a global business in an increasingly competitive high technology marketplace.

The open competition begins on July 2 and runs through July 16. Students ages 14 to 19 are encouraged to participate. Estimates for participation in the open competition range from 10,000 to 20,000 students. JA TITAN provides young entrepreneurs the unique opportunity to manage and operate their own virtual businesses in a simulated online setting. Winning the competition will depend on the success or failure of each participant's virtual company. A company's success relies on how well the players manage key business issues such as setting prices, filling production needs, marketing, research and development, and capital investment. The top eight eligible competitors from the open competition will participate in a final round to be held on campus at Bentley College in Waltham, Massachusetts on July 26.

Prizes will be awarded to the top eight players, including a "technology makeover" and an all expenses paid trip to Boston for the final round. The grand prize is a $10,000 per year scholarship to Bentley College. Bentley College, a primary sponsor of the competition, is nationally ranked number 13 in e-commerce by U.S. News & World Report. A link to the JA TITAN competition can also be found at www.bentley.edu.

"It is a pleasure to partner with Junior Achievement for this competition, host the finals and offer a scholarship to the winner, who will be among the nation's top teens interested in business careers," said Bentley College President Joseph G. Morone. "Bentley's focus on the integration of business education and information technology is a wonderful complement to the JA TITAN competition. These students will be showcasing their analytical, technical, communication and problem-solving skills as they compete in cases that mirror the realities of business operations in this constantly changing global economy."

Additional sponsors for the competition include Entrepreneur magazine, Ellacoya Networks, Liberty Mutual, AT&T Broadband and Terra Lycos. Terra Lycos, the largest global Internet network, teamed with Junior Achievement on JA TITAN when it launched the co-branded site in February 1999. By teaming with Terra Lycos, JA TITAN was made available to millions of teens with Internet access. The top-scoring finalist from the open competition will have the opportunity to shadow Stephen J. Killeen, president of Terra Lycos U.S., to experience a typical day in the life of a company president.

Designed to assist high school students ages 14 to 19 in developing the skills necessary to successfully compete in the business world of the 21st Century, JA TITAN is the first in a series of new online educational products from Junior Achievement. There are two versions of the JA TITAN program; JA TITAN School Edition is taught within the classroom and facilitated by a classroom volunteer that shares their own real-life business experience when teaching the class.

About Junior Achievement

Junior Achievement is the world's largest and fastest-growing organization dedicated to educating young people about business, economics and free enterprise. Through age-appropriate curricula, JA programs begin at the elementary school level, teaching children how they can impact the world around them as individuals, workers and consumers. JA programs continue through the middle and high school grades, preparing students for additional key economic and workforce issues they will face in the future. Today JA reaches nearly four million students through 158 offices nationwide and more than one million students in 108 countries worldwide. For more information, visit www.ja.org.

About Bentley College

Bentley College is committed to providing the most advanced business education possible. Approximately 4,300 undergraduate, 1,400 graduate, and 2,300 executive and professional education students learn in an environment that integrates information technology with a broad business and arts and sciences curriculum, gaining knowledge, interpersonal skills and experience for careers in a global economy. Bentley is located in Waltham, Massachusetts, 10 miles west of Boston and on the Web at www.bentley.edu.

About Terra Lycos

Terra Lycos is the new global Internet network operating in 42 countries in 19 languages, reaching 99 million unique monthly visitors worldwide. Created by the combination of Terra Networks, S.A. and Lycos, Inc., in October 2000, Terra Lycos is one of the most popular Internet networks in the U.S., Canada, Europe, Asia and Latin America, and is the third largest Internet access provider in the world. The Terra Lycos network of sites includes Lycos.com, Terra.com, Angelfire.com, ATuHora.com, Gamesville.com, HotBot.com, Invertia.com, Lycos Zone, Matchmaker.com, Quote.com, Rumbo.com, Sonique, Tripod.com, RagingBull.com and Wired News (Wired.com). The company's headquarters are in Barcelona and it has major offices in Boston, Madrid, Sao Paolo and Monterrey, among others. It is listed on the Madrid bourse (TRR) and on the Nasdaq electronic market (TRLY). For more information, please go to our corporate Web site at http://www.terralycos.com.

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©2001 Lycos, Inc. Lycos® is a registered trademark of Carnegie Mellon. All other product or service marks mentioned herein are those of Terra Networks, S.A., Lycos, Inc. or their respective owners. All rights reserved.

BENTLEY UNIVERSITY is one of the nation’s leading business schools, dedicated to preparing a new kind of business leader – one with the deep technical skills, broad global perspective, and high ethical standards required to make a difference in an ever-changing world. Our rich, diverse arts and sciences program, combined with an advanced business curriculum, prepares informed professionals who make an impact in their chosen fields. Located on a classic New England campus minutes from Boston, Bentley is a dynamic community of leaders, scholars and creative thinkers. The Graduate School emphasizes the impact of technology on business practice, in offerings that include MBA and Master of Science programs, PhD programs in accountancy and in business, and customized executive education programs. The university enrolls approximately 4,100 full-time undergraduate, 140 adult part-time undergraduate, 1,430 graduate, and 43 doctoral students. Bentley is accredited by the New England Association of Schools and Colleges; AACSB International – The Association to Advance Collegiate Schools of Business; and the European Quality Improvement System, which benchmarks quality in management and business education. For more information, please visit www.bentley.edu

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