NEOSPIRE, PARENT COMPANY OF HOSTGLOBE, 
ANNOUNCES A RECORD SECOND
QUARTER AS IT CONTINUES ITS PROFITABILITY

DALLAS (July 29, 2002)

NeoSpire, Inc., a leading provider of Managed Web Hosting Solutions, announced today that the Company achieved record revenue and cash flow growth for the second quarter ended 06/30/02. The Company's revenues grew 34% over the same period in 2001. 

"Our impressive growth is attributed to our employees." Said Derek Wilson, CEO and Co-founder. " They have continued to exceed the expectations of our existing customers and have also succeeded in attracting new customers including The Florida Panthers, RoseArt, Inc., The Leather Factory and Samsill, Inc." 

"This achievement and our continued strong performance are especially noteworthy given the state of the industry and the troubles that other hosting providers are experiencing." Said Mitch Gervis, President and Co-founder. "We are achieving such strong growth because of our stability and our consistency with our service 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.