Schoengold & Sporn Announces Pendency of Class Action Lawsuit Against Priceline.com, Inc.

NEW YORK, NY, Nov. 20, 2000 - Schoengold & Sporn, P.C. announced today that a lawsuit was filed in the United States District Court for the District of Connecticut against Priceline.com, Inc. ("Priceline" or the "Company") (Nasdaq: PCLN) and certain of the Company's key officers and directors on behalf of all purchasers of the common stock of Priceline during the period July 24, 2000, through and including September 26, 2000 (the "Time Period"). If you purchased Priceline stock during the Time Period, you may contact the undersigned at 212-964-0046 (call collect) or by e-mail at Schoengold@aol.com to obtain more information to determine if you would like to participate in the lawsuit.

The complaint charges the defendants with violations of the Securities Exchange Act of 1934, by, among other things, omitting material information and disseminating materially false and misleading statements concerning the Company and its financial condition, contained in public statements, filings with the Securities and Exchange Commission ("SEC") and press releases. Before the market opened on September 27, 2000, as alleged in the complaint, the Company announced that, due to weakness in the sale or airline tickets, the company would not make money in the third quarter and that it expected revenues to be in the range of $340 million to $345 million compared to analysts' estimates of $360 million to $380 million. Upon news of the announcement, the Company's shares plunged 42% to a 52-week low of $10.75. During the Class Period, defendants sold in excess of 8.2 million Priceline shares for proceeds of more than $197 million.

Plaintiff seeks to recover damages on behalf of class members and is represented by the law firm of Schoengold & Sporn, P.C., 19 Fulton Street, Suite 406, New York, New York 10038, Tel. 212-964-0046, Fax: 212-267-8137, E-Mail: schoengold@aol.com, http://www.schoengoldandsporn.com, who have extensive experience and expertise prosecuting class actions on behalf of investors and shareholders.

Schoengold & Sporn, P.C. began specializing in shareholder class and derivative securities litigation in 1968, and courts have long noted the firm's experience and ability in complex securities litigation. The firm has been a lead counsel, co-lead counsel, or member of an Executive Committee in many complex securities class actions, including the highly publicized Wedtech securities case (member of the Executive Committee). The favorable $77.5 million Wedtech settlement was reported in the Wall Street Journal on February 10, 1992, page B6, as a:

"$77.5 million settlement ... reached in a securities fraud case stemming from the Wedtech scandal ... The settlement with 29 defendants... is believed to be one of the largest ever in a civil securities fraud case... 'This is a global settlement,' said Samuel Sporn, a plaintiffs' attorney at the New York law firm Schoengold & Sporn. Mr. Sporn said the settlement represents almost half of the more than $160 million in stocks and bonds that Wedtech sold to the public between 1983 and 1986."

If you are a member of the class described above, you may seek to join in the above class action on or no later than December 1, 2000, by moving the Court to serve as lead plaintiff. This is not a prerequisite to participation as a class member.

If you would like to further discuss your rights or receive an information packet, you may call collect or otherwise contact the undersigned, who will be pleased to assist:

CONTACT:
Jay P. Saltzman, Esq.
Ashley Kim, Esq.
Schoengold & Sporn, P.C.
19 Fulton Street, Suite 406
New York, New York 10038
Tel: (212) 964-0046
Fax: (212) 267-8137
Toll Free: (866) 348-7700
E-Mail: shareholderrelations@spornlaw.com
Website: www.spornlaw.com

SOURCE: Schoengold & Sporn, P.C.

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