Theglobe.Com / Tralliance Corporation

Theglobe.com, an Internet communications company, announced today that it exercised an option to purchase Tralliance Corporation. Theglobe.com had previously announced the potential acquisition on November 17, 2004. The purchase price consisted of the issuance of 2,000,000 shares of theglobe.com Common Stock, warrants to acquire 475,000 shares of theglobe.com Common Stock and $40,000 in cash. The warrants are exercisable for a period of 5 years at an exercise price of $0.11 per share. The Common Stock issued as a result of the acquisition of Tralliance is entitled to certain "piggy-back" registration rights. In addition, as part of the transaction, the Company agreed to pay approximately $154,000 in outstanding liabilities of Tralliance immediately after the closing of the acquisition.

(BUSINESS WIRE)