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Voiceglo Surpasses More Than 1.8 Million Users on Its Global VoIP Network FORT LAUDERDALE, Fla. --(Business Wire)-- Oct. 20, 2004 -- Consumers in More Than 60 Countries are Now Using Company's Unique Web and PC-based Internet Phone Service to Connect with Friends and Family Throughout the WorldVoiceglo (OTCBB:TGLO), a global, full-service Voice over Internet Protocol (VoIP) communications company, today announced that it has more than 1.8 million users of its proprietary, patent-pending Internet phone technology, GloPhone. The GloPhone was first offered to consumers in February 2004 as an affordable and convenient way to call friends and family throughout the world using a dial-up or broadband Internet connection on their computers. Since then, customers in more than 60 countries have acquired the GloPhone, a number that is quickly increasing as the network continues to expand domestically and internationally. Over the past five months, Voiceglo entered into several high profile marketing partnership opportunities to boost consumer awareness of the GloPhone, its innovative features, affordable pricing structure and, most importantly, global portability. By teaming up with leading companies such as Office Depot, Friendster, eDonkey and NeoPets, Voiceglo has been able to provide GloPhone service to millions of consumers worldwide and break down the barriers that have restricted international phone communications due to cost constraints. "Since Voiceglo first launched the GloPhone in February, we now have more than 1.8 million users globally, which is an impressive adoption rate in the VoIP market," stated Edward Cespedes, president, Voiceglo. "We are confident that we will continue to see extremely strong customer growth within our GloPhone network in the United States and throughout the world. It is Voiceglo's goal to have a GloPhone on every computer desktop in the world." Since launch, Voiceglo now has 1,820,157 users on its GloPhone network, with an average monthly growth rate of 122 percent, an example of how quickly consumers are starting to understand that VoIP is becoming a viable phone alternative to the rising cost of traditional telecommunications services. By integrating voice with its proprietary, patent-pending peer-to-peer technology, Voiceglo has been able to accelerate consumer adoption of VoIP and make significant contributions to the overall development of the global VoIP industry. In fact, according to Jupiter Research, 12.1 million households in the United States will be using VoIP services by 2009. Although Voiceglo's GloPhone was just introduced in mid-February 2004, the unique Web and PC-based VoIP service has already made a significant impact on the VoIP industry and has received several honors for its achievements with GloPhone, including Frost & Sullivan's Product Differentiation Innovation Award, SuperComm's 2004 SuperQuest Award and the 2004 VoIP Service Provider Award by Internet Telephony magazine for its ability to rapidly accelerate market adoption of its patented, proprietary VoIP technology both domestically and internationally, and for its continued contributions to the overall growth of the VoIP industry. Voiceglo's innovative way of combining free and low-cost global peer-to-peer broadband or dial-up VoIP with access to make and receive calls from conventional and wireless phones anywhere in the world, will allow the company to make continued gains in the industry and experience an even greater rate of phone activation within its next-generation VoIP network. 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 (http://www.voiceglo.com), Voiceglo 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 (http://www.glophone.com), a Web and PC-based phone that enables users to make calls while online, and Voiceglo PBX, a next-generation wireless communications system that turns wireless routers into virtual PBX systems. 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. |
