NeoSpire, Parent Company of HostGlobe, Presents Winning Business Model at the 2001 Texas Venture Capital Conference
Mitch Gervis, NeoSpire President and Co-founder, Talks ‘Business-Sense’ to Prospective Investors

DALLAS (May 16, 2001)

A sluggish economy and turbulent market have made attracting investment dollars a formidable challenge for technology-based companies. Yet opportunity abounds for companies who have identified a true business need, developed the technological expertise to meet this need and crafted a business plan that clearly maps out market potential and never loses site of increasing shareholder value.

That’s the opinion of Mitch Gervis, president and co-founder of NeoSpire, Inc., one of 21 companies selected from hundreds of applicants to present their business models to an audience of private and corporate investors, venture capitalists and other financial organizations at the 2001 Texas Venture Capital Conference held in Austin on May 16 and 17.

“As Web sites become increasingly more complex, and increasingly more vital to the success of a business, we’re seeing a growing demand for an outsourcing partner with the proven capability to manage all components of a company’s Web site, from the network foundation up to the web application environment,” said Gervis.

“It is an honor to have been invited to present at the Texas Venture Capital Conference. There’s some skepticism among investors today, especially when it comes to putting their money in the technology sector,” added Gervis. “We feel good about the excitement NeoSpires has generated. Being selected to present at this prestigious conference validates our business model and re-affirms our commitment to achieve our aggressive growth goals.”

“Emerging high-tech companies selected to participate in this conference have a real competitive advantage, especially in this market, said Melissa Hendrick, executive director of the AeA Texas Council. “It doesn’t matter how solid a business plan is, it takes investors to make it happen.”

For its part, NeoSpire is confident that the company’s competitive and comprehensive offering of Internet infrastructure management services, and its unique regional focus on mid- and high-end enterprises in the Southwest will spell ‘path-to-profitability’ to potential investors.

Other key factors to the company’s success, according to Gervis, include having a team of experienced employees dedicated to delivering customer value, the company’s growing roster of industry-leading technology partners and expert guidance from the company’s advisory board of seasoned business and financial executives.

NeoSpire’s current investors include Richard C. Blum, general partner, Blum Capital Partners; Roy Bostock, chairman, Bcom3 Group, Inc.; Fredrick V. Malek, general partner, Thayer Capital Partners; Alan D. Schwartz, executive vice president, head of investment banking, Bear Stearns; Gil Maurer, former COO, director, Hearst Corp.; Michael Ovitz, chairman and CEO, Lynx Technology Group; Andrew Sriubas, director, Credit Suisse First Boston; and Gary L. Wilson, chairman, Northwest Airlines.

About NeoSpire

NeoSpire specializes in bringing multi-platform server management, managed application hosting, and wireless enablement to companies in the mid- to high-end enterprise market. The company also provides managed services, dedicated servers, enhanced data storage, high-end database support, e-commerce solutions, and streaming multimedia services. NeoSpire’s experienced network administration staff and state-of-the-art data center allow enterprises to outsource the deployment, configuration, management, and support of their Web sites and Internet applications in a rapid, cost-effective manner.