NEOSPIRE, PARENT COMPANY OF  HOSTGLOBE,
CONTINUES IMPRESSIVE REVENUE GROWTH
WITH INCREASE OF OVER 30% IN 2002 

DALLAS (February 28, 2003)

NeoSpire, Inc., a provider of the highest quality in managed hosting services, announced today that 2002 revenues grew by more than 30% over calendar year 2001 revenues. NeoSpire was able to maintain a cash flow positive position for the entire twelve-month period of 2002. In addition, NeoSpire was able to show positive net income for the first time in Company history.

"We continue to offer the highest quality managed hosting services in the marketplace," said Derek Wilson, CEO and Co-founder. "As the business market continues to be extremely challenging, offering the highest quality services and pro-actively working with our customers has been the difference. Outsourcing Web and application hosting to companies such as NeoSpire continues to be an attractive option for mid to large sized businesses. We are excited about 2003 and anticipate continued growth and enhanced product offerings."

“I am extremely excited about the progress NeoSpire has made over the past year and the prospects for 2003. Our complete dedication to customer service is what sets NeoSpire apart from all the other hosting companies out there,” said Mitch Gervis, President and Co-founder. “Over the past four years we have built a culture of striving to exceed customer expectations as evidenced by our loyal and growing customer base. In the past year we added several high profile customers including Loews Cineplex Entertainment, CB Richard Ellis and Spalding, to name a few. Our focus continues to be providing complete peace of mind for our managed hosting customers. We accomplish this with consistent and proven diligence ensuring that our customers’ sites are always up and their data is always secure.”


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 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.