Sprint Settles Patent Infringement Dispute With tglo.com and Theglobe.com; Tglo.com and Theglobe.com Will Become Licensed Users of Sprint VoIP Patents

Business Wire, August 31, 2006

RESTON, Va. -- Sprint Nextel Corp. (NYSE:S), tglo.com, Inc (formerly known as VoiceGlo Holdings Inc) and Theglobe.com Inc announced today that the companies have resolved their pending patent infringement lawsuit by settlement. In October 2005, Sprint filed a lawsuit against VoiceGlo Holdings (now tglo.com, Inc) and Theglobe.com alleging that the providers of Voice over Internet Protocol (VoIP) telephone services and equipment infringed seven patents owned by Sprint. As part of the settlement, tglo.com and Theglobe.com have entered into a non-exclusive license under Sprint's patents. The remaining terms of the settlement are confidential.

"Sprint is very pleased with the settlement and views it as a validation of the strength of our voice-over-packet portfolio and a recognition of the importance of the innovations developed by our employees," said Harley Ball, Sprint's vice president of intellectual property. "Sprint's voice-over-packet portfolio comprises more than 100 patents covering different methods, components and systems employing VoIP and other technologies. Sprint considers the settlement a significant achievement for its patent portfolio."

"We are very satisfied with the resolution and the terms of the settlement," said Ed Cespedes, President of Theglobe.com and Treasurer of tglo.com, Inc. "I want to assure our shareholders and customers that this settlement will not materially impact any ongoing or future operations of tglo.com or Theglobe.com. Our companies look forward to continuing to offer creative and useful communications solutions in the future."

About Sprint Nextel

Sprint Nextel offers a comprehensive range of communications services bringing mobility to consumer, business and government customers. Sprint Nextel is widely recognized for developing, engineering and deploying innovative technologies, including two robust wireless networks offering industry leading mobile data services; instant national and international walkie-talkie capabilities; and an award-winning and global Tier 1 Internet backbone. For more information, visit www.sprint.com.