NEOSPIRE, PARENT COMPANY OF HOSTGLOBE, 
CELEBRATES THIRD ANNIVERSARY BY REACHING 
QUARTERLY PROFITABILITY

DALLAS (May 09, 2002)

NeoSpire, Inc., a leading provider of Internet infrastructure managed services, announced today that March 31st 2002 marked two milestones for the Company. Not only was it the anniversary for the Company's third year in business, it also marked the Company reaching profitability on a quarterly basis.

"To be able to be one of the first in complex hosting to reach profitability, when our industry has gone through so much turmoil, says so much about our employees and our business model. " Said Derek Wilson, CEO and Co-founder. " While our competitors are filing for bankruptcy, merging into huge operations or decreasing staff to stay alive, we are seeing an increased interest from customers in outsourcing the hosting and management of their complex Web applications. Being a financially strong Company has allowed us to capture new business and experience strong accretive monthly growth. 

"I am very proud of our team in that we are consistently able to increase monthly revenue while keeping expenses down." Said Mitch Gervis, President and Co-founder. "I believe that our focus on customer service and our value proposition has allowed us to outperform our market and get to consistent profitability. We announced our STAR support customer service model in November of last year and it has proven to be very successful. Our STAR model combined with the fact that we save corporations between 50% and 80% in their Web infrastructure and management costs has allowed us to stay ahead of the game."

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.