NEOSPIRE, PARENT COMPANY OF  HOSTGLOBE,
SHOWS A HEALTHY 275% GROWTH IN NET 
ORDINARY INCOME

DALLAS (August 25, 2003)

NeoSpire, Inc., a provider of the highest quality managed hosting services, announced today that net ordinary income for the first two calendar quarters of 2003 grew by more than 275% over the same period in 2002. NeoSpire was able to increase its revenue by more then 38% during the same time period. 

"We are always doing everything needed to provide the highest quality managed hosting services in the industry," said Derek Wilson, Chairman and Co-founder. "As the market has begun to expand, our customers are growing their web based applications and their needs for managed services. We are excited about the rest of 2003 and anticipate continued growth and new customer relationships."

“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 managed hosting companies out there,” said Mitch Gervis, President, CEO and Co-founder. “Over the past five 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