NEOSPIRE, PARENT COMPANY OF HOSTGLOBE, 
IS NAMED ONE OF THE 50 FASTEST GROWING 
TECHNOLOGY COMPANIES IN DALLAS

DALLAS (June 05, 2002)

NeoSpire, Inc., a leading provider of Internet infrastructure managed services, announced today that the Company was included in The Dallas Business Journal's FastTech 50, which is an annual ranking of the 50 fastest growing technology firms in the Dallas/Fort Worth area. 

NeoSpire had a three-year revenue growth rate of 278% ranking it 28th in Dallas. The company also had a one-year growth rate of 54% ranking it 32nd in Dallas. Results were researched by Arthur Anderson and are based upon a three-year revenue growth rate from 1998 to 2001 and a one-year revenue growth from 2000 to 2001 as well. The other high-tech, Dallas-based companies included in the lists were firms specializing in Internet services, telecommunications, networking, software development, integration, and other technology related industries. 

"We are very honored and have worked hard to be included on these lists. We are in the company of many other impressive high tech businesses," said Derek Wilson, CEO and Co-Founder. "Our good growth and profitability is completely attributable to a solid team, a customer focus and a successful business model." 

About NeoSpire

NeoSpire provides an outsourcing solution for the hosting, support, and management of multi-layered Web, application, and database servers for large e-business and application service providers. The company also provides managed J2EE servers, managed dedicated servers, co-location services, enhanced data storage, robust disaster recovery, 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.