Global Network Inc. Files Form 10-SB.

NEW YORK--(BUSINESS WIRE)--Sept. 3, 1999--

Global Network Inc. (OTC:GNNU) announced Friday that it has filed a Registration Statement on Form 10-SB with the Securities Exchange Commission in order to comply with the NASD's requirement for continued quotation on the OTC Bulletin Board. An official copy of the Form 10-SB will be available shortly on the SEC's web site at www.sec.gov.

Global Network Inc. was incorporated in April 1999 in order to connect national interactive advertisers with major market newspapers. The market for advertising on the Internet is expected to grow exponentially over the next several years from $1.3 billion in 1998 to $22 billion by 2004. This growth will be fueled by national advertisers shifting major dollars away from traditional media into the Internet. Clients which have made major announcements that their intention was to become a major presence on the Internet include the big three auto companies, major package goods companies (Kraft, P&G) pharmaceutical grants, entertainment companies (Disney, Time Warner, CBS) and financial services (Fidelity, Merrill Lynch, DLJ Direct, Scudder) and insurance (Aetna, Guardian, Ace Reinsurance). To handle this tremendous shift, major agencies are creating new entities dedicated to interactive marketing. @tmosphere, a new shop formed by Omnicom's BBDO was formed the week of August 30 capitalized with billings from clients like Visa, GE, Federal Express, etc. (New York Times, Tuesday, 8/31). Many other major agencies, Grey, Ogilvy & Mather, Saatchi & Saatchi, Young and Rubicam et. al. have likewise created interactive agencies to service the exploding Internet advertising marketplace. Global Network Inc. has held meetings with all the advertisers and agencies mentioned and is in the proposal process with a number of these companies. We anticipate growth will come through companies like these and others who see the value in being able to market nationally but sell locally through a network of online newspaper websites.

The Form 10-SB is subject to SEC review and may be amended by the company in response to SEC comments. At such time as the Form 10-SB is declared effective by the SEC, the company will be subject to the periodic reporting and other obligations of a public company and expects that it will be in full compliance with OTC Bulletin Board eligibility rules.

NOTE TO EDITORS: In the company name mentioned in the second graph, fourteenth line of this news release, there is an "at" symbol in the name ("at"tmosphere) between "marketing" and "a new shop". This symbol may not appear properly in some systems.