NEOSPIRE, PARENT COMPANY OF HOSTGLOBE, 
MAINTAINS IMPRESSIVE GROWTH WITH REVENUE 
INCREASES OF OVER 50% IN 2001

DALLAS (March 11, 2002)

NeoSpire, Inc., a leading provider of Internet infrastructure managed services, announced today that 2001 revenues grew by more than 50% over calendar year 2000 revenues. Also, cash flow grew by more than 50% over calendar year 2000 cash flow allowing NeoSpire to reach a cash flow positive position August 2001. 

"These increases in a recessionary environment reflect NeoSpire's reputation in the market place for its value proposition and its commitment to customer service." Said Derek Wilson, CEO and Co-founder. "This past year was extremely challenging for all business but especially for our industry. Our growth rate, however, shows us that businesses place a high value in using Web based applications for increasing revenue, improving efficiency and taking care of their customers. Our customers see the value that NeoSpire brings to the table, as we are able to save them a substantial amount of money by providing expertise and outsourcing. We are excited about 2002 because as the economy improves, we will continue to show substantial growth and improved offerings."

"I am very proud of our team in that we were able to increase sequential revenue growth while cutting operating expenses." Said Mitch Gervis, President and Co-founder. "In a very difficult environment we were able to bring on some very substantial enterprise customers including CellularOne, the United Way, Brann Forbes and Xerox to name a few. At the same time, we were able to increase our differentiation in the industry by enhancing our expertise in managing the J2EE environment, developing robust disaster recovery solutions and putting in place our STAR customer support procedures. For the rest of the year, we feel that the business environment is improving and we expect continued sequential revenue growth and cash flow increases." 

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 multimedia streaming 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. For more information, visit the company's web site at www.neospire.net.