Theglobe.com Announces Post Effective Amendment No. 1 to Their Registration Statement of Form SB-2 Declared Effective by the SEC

Business Wire, Oct 4, 2004

FORT LAUDERDALE, Fla. -- Theglobe.com (OTCBB:TGLO) announced today that the Post Effective Amendment No. 1 to their Registration Statement of Form SB-2, relating to the potential resale of securities owned by certain stockholders, was declared effective by the Securities and Exchange Commission on September 30, 2004. The Post Effective Amendment was filed primarily to update the Registration Statement to reflect the recent acquisition of SendTec, Inc. Theglobe.com anticipates that it will be distributing the amended prospectus relating to the Registration Statement to such stockholders shortly so that resales may resume by such stockholders.

About theglobe.com

Theglobe.com (OTCBB:TGLO) is a publicly traded Internet communications and networking company with three wholly-owned subsidiaries: Voiceglo - http://www.voiceglo.com - a global, Voice over Internet Protocol (VoIP) communications company; Computer Games Magazine, a consumer print publication for online games; and Chips & Bits, a games distribution business. Voiceglo, theglobe.com's principle subsidiary, provides Voice over Internet Protocol (VoIP) communication products and services delivered over the Internet. Voiceglo enables consumers and enterprises to communicate worldwide using voice over the Internet for dramatically reduced pricing compared to traditional telephone networks. Theglobe.com's online games business specializes in computer games information distribution to the United States and abroad. These businesses include Computer Games Magazine, a consumer print publication for online games; Computer Games Online - http://www.cgonline.com -, the online counterpart to Computer Games Magazine, which is a source of free computer games news and information for the sophisticated gamer; and Chips & Bits, Inc. - http://www.chipsbits.com - a computer games distribution business.

About SendTec

Founded in 1996, SendTec is a leading direct marketing services company which provides full service and proprietary point solutions for acquiring customers and leads both online and offline. The company was a pioneer and is a current leader in the online performance-based advertising arena. Headquartered in St. Petersburg, Florida, and with offices in New York City, SendTec's clients include more than 100 national companies.

Safe Harbor

This press release includes forward-looking statements related to theglobe.com, inc. that involve risks and uncertainties, including, but not limited to, risks and uncertainties relating to whether the acquisition of SendTec is completed, integration of newly acquired businesses and assets such as SendTec, product delivery, product launch dates (particularly as they pertain to our Voiceglo services), the Internet, development and protection of technology, the management of growth, market acceptance of our Voiceglo VoIP products, our ability to compete successfully against established competitors with greater resources, the uncertainty of future governmental regulation (particularly as it pertains to the Internet and the provision of telephony services using the Internet) and other risks. These forward-looking statements are made in reliance on the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. For further information about these and other factors that could affect theglobe.com's future results and business plans, please see the Company's filings with the Securities and Exchange Commission, including in particular our Registration Statement, as amended, on Form SB-2 and our Quarterly Report on Form 10-QSB for the quarter ended June 30, 2004. Copies of these filings are available online at http://www.sec.gov. Prospective investors are cautioned that forward-looking statements are not guarantees of performance. Actual results may differ materially and adversely from management expectations.