[eGLOBE LETTERHEAD]
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FOR IMMEDIATE RELEASE TRADING SYMBOL: EGLO
DATE: OCTOBER 20, 2000 STOCK EXCHANGE: NASDAQ
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COMPANY CONTACT: AGENCY CONTACTS:
Allen Mandel Jeffrey Volk/Stephen Axelrod, CFA
Senior VP Corporate Affairs Wolfe Axelrod Weinberger Assoc. LLC
(800) 688-0092 (212) 370-4500
email: [email protected]
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eGLOBE ANNOUNCES RESIGNATION OF TWO BOARD MEMBERS
- NUMBER OF BOARD MEMBERS REDUCED FROM NINE TO SEVEN -
WASHINGTON, D.C., OCTOBER 20, 2000 -- eGLOBE, INC. (NASDAQ NM: EGLO) today
announced that Arnold Gumowitz and Gary Gumowitz have resigned from eGlobe's
Board of Directors effective October 13, 2000. Both Directors joined the Board
at the time of the merger of TransGlobal with eGlobe. Gary Gumowitz remains
President of eGlobe Development Corp.
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ABOUT eGLOBE
eGLOBE is a leading global provider of enhanced Internet services for the
world's telephone companies and Internet Service Providers. eGlobe's services
include: Voice over IP, telephone-based portal, unified messaging services and
customer support. eGlobe originates traffic in more than 100 territories and
countries and terminates anywhere in the world. eGlobe provides its services
principally to large national telephone companies, to ISPs and portals.
Certain statements in this news release are "forward looking statements" within
the meaning of the Private Securities Litigation Reform Act of 1995 and involve
known and unknown risks, uncertainties and other factors that may cause the
Company's actual results, performance or achievements to be materially different
from the results, performance or achievements expressed or implied by the
forward looking statement. Factors that impact such forward looking statements
include, among others, the ability of the Company to attract additional
business, the ability of the Company to successfully integrate acquisitions and
mergers, complete software development and offer new products, changes in
expectations regarding restructurings, including tax liabilities and reductions
in cost, possible changes in collections of accounts receivable, risks of
competition, price and margin trends, changes in worldwide general economic
conditions, changes in interest rates, currency rates and worldwide competition.
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