HostGlobe - Web Hosting, Dedicated Servers, and Co-Location

CB RICHARD ELLIS BUILDS A FOUNDATION
WITH NEOSPIRE MANAGED HOSTING
(NEOSPIRE IS THE PARENT COMPANY OF HOSTGLOBE)

DALLAS (October 15, 2002)

NeoSpire, Inc., a leading provider of Managed Hosting Services, announced today that it has been selected by CB Richard Ellis, the largest vertically integrated commercial real estate services firm in the world, to provide managed hosting services for a component of its critical online information system.

"CB Richard Ellis recognizes the significant value proposition that NeoSpire brings to the table." Said Derek Wilson, CEO and Co-founder. "We provided them with upfront implementation and architecture consulting and now they are able to take advantage of our advanced facility, server hardware and experienced network engineers."

About NeoSpire

NeoSpire provides the highest quality managed hosting services to middle market companies. Since 1997, NeoSpire's experienced team and state-of-the-art data center has allowed enterprises to outsource the deployment, configuration, management, and support of their Web sites and Internet applications in a rapid, cost-effective manner. Recognized by the Cox School of Business and the Dallas Business Journal as one of the 50 fastest growing firms in Dallas, NeoSpire provides more than 1,500 customers an outsourcing solution for the hosting, support, and management of multi-layered Web, application, and database servers. For more information, visit the company's web site at www.neospire.net.