theglobe.com Unveils More Content and Character in Redesigned Site

Business Wire, Nov 11, 1998

NEW YORK--(BUSINESS WIRE)--November 11, 1998--

Sneak Preview Fuses Information & Interaction

Beating the clock, theglobe.com, one of the largest online communities, with over 7.5 million users (as audited by ABC Interactive in October), today announced the early launch of a completely new site, based on the thousands of suggestions received from members.

Rolling out weeks ahead of schedule, theglobe.com's first phase of creating a richer environment, takes bold steps toward setting the standard for online communities, providing members with a wealth of services and content but distinguished by its personality and people.

The magnitude of even this first stage represents a more intuitive site, designed to foster a user's creative and interactive experience. Content providers for 10 themes of interest (Art, Business, Entertainment, Life, Metro, News, Romance, Sports, Technology and Travel) include Reuters, the global news network, supplying daily headlines and in-depth news coverage on general, international, technology, financial and health issues; E!, the entertainment source, providing information on celebrities, movies and television; and Thomson Financial Services, the premiere investors network, offering business/ financial news, real time stock quotes, news and `my portfolio'.

And member content, the essence and spirit of theglobe.com, will be promoted in every area of the redesign. Interest groups, one of the greatest attractions at the site, will be integrated around the abundance of data and news available at theglobe.com.

"This is merely the beginning," explained Stephan Paternot, co-CEO. "More plans are in store for improving the site to help make a user's online lifestyle richer and more convenient, attracting an even larger audience of members and enabling them to spend more time at the site. "

"theglobe.com continues to be at the forefront of online communities," added Todd Krizelman, co-CEO. "We're taking the first steps toward being that one place on the Web that synthesizes our members character and content with quality services."

About theglobe.com

theglobe.com is one of the world's leading online communities with over 2 million members in the United States and abroad. In October 1998 over 7.5 million users, visited the site, according to ABC Interactive. theglobe.com is a destination on the Internet where users are able to personalize their online experience by publishing their own content and interacting with others having similar interests. theglobe.com facilitates this interaction by providing various free services, including home page building, discussion forums, chat, e-mail and a marketplace where members can purchase a variety of products and services. Additionally, theglobe.com provides its users news, weather, movie and music reviews, multi-player gaming, horoscopes and personals. By satisfying its users' personal and practical needs, theglobe.com seeks to become their online home. The Company's primary revenue source is the sale of advertising with additional revenues generated through e-commerce arrangements and the sale of membership subscriptions for enhanced services.