Parable's Things Offer 'A Whole New Life' to Homebuilders at theglobe.com; Sharable and Collectible Multimedia Now Available to 1.5 Million Members.

NEWTON, Mass.--(BUSINESS WIRE)--June 1, 1998--theglobe.com (http://www.theglobe.com), celebrating its 3rd year anniversary as the premiere online community, today began offering Things, free dynamic multimedia experiences for the Web, to its 1.5 million members and personal homepage publishers.

Things are the first form of multimedia that can be easily created, collected and shared on the Internet. With Things, personal homepage publishers can add fun and interactive content to their Web sites without requiring knowledge of complex programming.

As part of the agreement, theglobe.com's Homebuilders have access to more than 250 multimedia files, information on the use and creation of Things, and a trial version of Parable's ThingMaker(TM) 1.0, an easy-to-learn, drag-and-drop multimedia authoring tool used to create and modify Things. In addition, theglobe.com hosts a special area called Homebuilder Things, where Homebuilders may exhibit the use of Things on their pages or Things they create with Parable's ThingMaker software.

"theglobe.com's organically created community means that our members are among the most active and creative homepage publishers on the Web," stated Stephan Paternot, president, theglobe.com. "Things cater to the general consumer user found at our site by allowing even those with novice capabilities to develop innovative and original web sites."

In addition to theglobe.com, Things are offered for the taking at ThingWorld(TM) (http://www.thingworld.com), Parable's multimedia marketplace and distribution hub. ThingMaker is available for $99.00 at ThingWorld and major online distributors such as BuyDirect.com and Software.net.

"With Things, the static personal homepage can quickly and easily become a fun, interactive experience that publishers and viewers truly enjoy," said Eric Bedell, president and CEO of Parable. "By incorporating Things into their online offerings, theglobe.com expands their services available to homebuilders and provides them with the tools and content they need to take their publishing abilities to the next level."

Technical Requirements for Things

Things are created with Parable's foundation product, ThingMaker, a radically easy and powerful authoring tool for creating, sharing, controlling and distributing Things. Things and ThingViewer(TM) are available for Windows 95 and NT; Netscape Navigator/Communicator 3.02 and higher, Microsoft Internet Explorer 3.02 and higher. Things are optimized for Pentium-based PCs and are compatible with Microsoft's Active Desktop and Channel Definition Format (CDF).

About the Globe

Based in New York, theglobe.com is the premiere on-line community named by PC Magazine as one of the Top 100 sites for 1998. The site is defining lifestyle on the Web with over 1.5 million members and focuses on social dynamics; integrating Personal HomePage Building Tools, Chat Rooms, E-Mail, Discussion Forums, Special Interest Groups, Celebrity Event Series and a Marketplace that includes retailers Barnes & Noble, CD Now, F.A.O. Schwarz and Disney.

In the summer of 1997, theglobe.com received a $20 million investment from Michael Egan, former owner of Alamo-Rent-A-Car. The Company was founded by Cornell University graduates Todd Krizelman and Stephan Paternot in 1994.

About Parable

Founded in August 1996, Parable (www.thingworld.com), an Internet multimedia company, provides products, services and ideas that make it possible for everyone to harness the power of multimedia. Parable's patent pending technologies leapfrog the functionality of existing multimedia tools.

Parable's growing list of partners and customers includes media, sports and entertainment organizations, Web professionals, online communities and consumers. Parable's technology addresses the concerns of the entire Web community by allowing users to create, control, share and distribute their content. Headquartered in Newton, Mass, Parable is part of the CMG@Venture portfolio of companies, which also includes blaxxun, GeoCities, KOZ, Lycos, Planet All, Planet Direct, Reel.com, Silknet, Softway Systems, Vicinity and other innovative enterprises. -0-

Note to Editors: ThingMaker, ThingViewer, ThingWorld are all registered trademarks of Parable. All other properties referenced herein are trademarks of their respective owners.

      CONTACT: Parable               Kristen Gariepy, 617/796-0860               kgariepy@parablecorp.com                 or               theglobe.com               EstherLoewy, 212/886-0803               esther@corp.theglobe.com