Voiceglo and Friendster Connect with Internet Phone Service; Popular Online Service Will Offer VoIP to Millions of Members Worldwide

Business Wire, Sept 30, 2004

FORT LAUDERDALE, Fla. & MOUNTAIN VIEW, Calif. -- Historic, First Ever Friendster VoIP Call is Made Between Friendster Founder and Great-Grandson of Alexander Graham Bell

Voiceglo (OTCBB: TGLO), a global, full-service Voice over Internet Protocol (VoIP) communications company and Friendster, a free online service and leading community website, today announced an exclusive partnership to further expand the Friendster global communications network via VoIP. As part of the agreement, Friendster will begin offering 'The Friendster Phone' powered by GloPhone, Voiceglo's innovative Web- and PC-based phone service, allowing users to make free calls to their friends anywhere, anytime.

In a two-phased approach, Friendster will integrate Voiceglo's proprietary, patent-pending GloPhone into its Web site, giving members the opportunity to communicate with friends, and friends of friends, in a safe and personal environment via VoIP. By signing up for the Web- and PC-based Friendster Phone, members can invite their friends living around the world to make and receive free calls. The feature allows members a way of safely communicating with new and existing friends, by providing an alternative to sharing personal e-mail addresses or cell phone numbers. Currently, millions of people are expanding their network of friends via the Friendster network to meet new people from around the globe.

"We are very excited to introduce our innovative VoIP service into the Friendster community," said Edward Cespedes, president, Voiceglo. "Our GloPhone technology helps Friendster users 'break the ice' with their new friends in a comfortable and highly interactive environment. We are confident that the GloPhone will enhance the experience of Friendster users and will support the continued growth of both the Voiceglo and Friendster networks."

"We are thrilled to partner with Voiceglo in offering our members this breakthrough, Web- and PC-based phone service within the Friendster community," said Scott Sassa, CEO of Friendster. "To commemorate this next step in online social networking communications, Friendster is conducting the first-ever VoIP call between Friendster founder Jonathan Abrams, and Edwin Grosvenor, great-grandson of Alexander Graham Bell. This historic call will demonstrate to our users that they now have an additional vehicle through which to safely and easily communicate with their Friendster friends."

Through Friendster's site, users worldwide can sign up for the Friendster Phone, and are assigned a U.S. phone number that can be used through any Internet-enabled computer anywhere in the world for peer-to-peer calling. And, through upgraded calling plans, Friendster Phone customers can call to or receive calls from anyone outside of their network, using GloPhone in a manner similar to a telephone and can save money on local, long distance and international calling. Customers can also receive conventional phone features such as voice mail, call waiting, call forwarding, missed call information, caller ID and conference calling for no additional cost.

About Voiceglo

Headquartered in Fort Lauderdale, Fla, Voiceglo (OTCBB: TGLO) is a global full-service Voice over Internet Protocol (VoIP) communications company. A subsidiary of theglobe.com, Voiceglo (www.voiceglo.com) provides award-winning communications services to thousands of customers worldwide via broadband or dial-up connection. Voiceglo's strategy is to provide easy access to Internet phone services for consumers and businesses worldwide to make local, long distance and international calls at rates lower than traditional telecommunications companies. Voiceglo's products include the GloPhone (www.glophone.com), a Web- and PC-based phone that enables users to make and receive calls while online, and Voiceglo PBX, a next-generation wireless communications system that turns wireless routers into virtual PBX systems.

About Friendster

With over 9 million members, Friendster is a free online service that allows you to make new friends, communicate with existing friends, share information, organize activities, find dates, and reconnect with lost friends. Friendster has received several industry awards, including Time Magazine's 50 Coolest Websites of 2004 and Coolest Inventions of 2003. The Company was also nominated for the 2004 Wired Rave Awards and for a 2004 Webby Award and has been profiled in publications from Newsweek to Rolling Stone. Friendster is a privately held corporation headquartered in Mountain View, California and is backed by Kleiner Perkins, Benchmark Capital, Battery Ventures and individual investors.

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 integration of newly acquired businesses and assets, 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.