Theglobe.com Announces Purchase Option for Tralliance Corporation

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Nov. 17, 2004--

Tralliance Corporation In Exclusive Negotiations to Become Registry of the .travel Top-Level Domain With ICANN

“We believe that the .travel domain will quickly become an integral part of the travel industry worldwide.”

Theglobe.com (OTCBB:TGLO), an Internet communications company, today disclosed a loan and purchase option agreement with Tralliance Corporation. Tralliance Corporation has entered into exclusive technical and commercial negotiations with the Internet Corporation for Assigned Names and Numbers (ICANN) to become the registry for the .travel top-level domain. The agreement between the two companies was originally entered into on February 25, 2003 and has since been amended. The Securities and Exchange Commission granted theglobe.com confidentiality treatment with respect to full disclosure of the details of the Agreement pursuant to Rule 406 under the Securities Act of 1933, as amended. Theglobe.com intends to exercise its purchase option for Tralliance upon certain conditions being met, including final approval to be the registry of the .travel top-level domain from ICANN. If and when theglobe.com exercises its purchase option, it will issue 1.5 million shares of its common stock in exchange for all the capital stock of Tralliance.

Tralliance Corporation was created to develop, operate and administer the .travel top level domain, a new segment of the Internet devoted to the travel industry. In October 2004, ICANN agreed to initiate exclusive negotiations with Tralliance for the .travel domain. The industry-sponsored .travel domain, designed to serve the global travel and tourism community, will launch when negotiations are completed. Tralliance Corporation intends to administer the .travel registry, a global online source of travel data organized according to a proprietary taxonomy designed to match buyers and sellers of travel, tourism or travel-related products or services.

ICANN, established by the U.S. Department of Commerce in 1998, is responsible for centralizing technical coordination functions of the Internet. ICANN is a non-profit organization that manages and coordinates the domain name system to ensure that it continues to function effectively.

"Theglobe.com is extremely excited about the opportunity to acquire Tralliance, the registry for the .travel top level domain," said Michael Egan, chairman and CEO of theglobe.com. "We believe that the .travel domain will quickly become an integral part of the travel industry worldwide."

"The travel and tourism industry accounts for more than 28 percent of all online transactions and 11 percent of the world's economy," stated Edward Cespedes, president of theglobe.com. "It is apparent how important the .travel top level domain will become."

"We are looking forward to our continued partnership with Michael Egan, Edward Cespedes and their team, and believe we can achieve great success together," said Ron Andruff, president and CEO of Tralliance. "With their combined expertise in Internet services as well as the travel industry, we are confident that this new alliance will be beneficial for both parties."

About Tralliance

Tralliance Corporation is a privately held New York corporation organized in 2002 to develop products and services to enhance online commerce between travelers and the travel and tourism industries.

About theglobe.com

Theglobe.com (OTCBB:TGLO) is a publicly traded Internet communications company with four wholly-owned businesses: Voiceglo, SendTec, Computer Games Magazine and Chips & Bits. Voiceglo (http://www.voiceglo.com) is a global, full-service Voice over Internet Protocol (VoIP) company that provides VoIP communication services to millions of customers worldwide via the Internet. SendTec (http://www.sendtec.com) is a leading provider of online and off-line results-based direct marketing services. Computer Games Magazine is a consumer print publication for online games. Computer Games Online (http://www.cgonline.com), the online counterpart to Computer Games Magazine, is a source of free computer games news and information for the sophisticated gamer. Chips & Bits, Inc. (http://www.chipsbits.com) is a computer games distribution business.

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, (including, to the extent we exercise our purchase option Tralliance), 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 September 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.