MicroCap1000 Model Portfolio Gains 71.1% in First Half of 1999.

SANTA MONICA, Calf.--(BUSINESS WIRE)--July 15, 1999--

MicroCap1000.com's Model Portfolio outperforms all but a few top

mutual funds, confirming value of MicroCap stock picking

MicroCap1000.com, a unique provider of financial news and information focusing on those companies with market capitalization of under $500 million, announced today that its MicroCap Model Portfolio gained 71.1% for the first half of 1999. MicroCap1000.com, Ltd. is a subsidiary of GlobalNet Financial.com, Inc. (OTCBB: GLBND), a leading provider of online financial information both domestically and internationally, designed to combine unique financial content, investment and analytical tools and online trading and other transaction executions.

"The success of MicroCap1000's model portfolio illustrates the opportunities for stock picking in this fertile yet under-explored area of the market," said Jay Matulich, chairman of MicroCap1000.com, and manager of the portfolio. "Investors are beginning to notice smaller companies with strong growth features financial stability and operating results exceeding analysts' expectations."

The model portfolio was launched to give visitors to MicroCap1000 exposure to some of the most promising growth companies within the MicroCap1000 Index, a real-time benchmark of 1000 companies with market caps of $500 million or less listing on the NYSE, AMEX and NASDAQ.

The leaders of the 15-stock MicroCap1000 Model Portfolio were BroadVision, (NASDAQ: BVSN), up 135%; Verity (VRTY), up 145%; and Macrovision (MVSN), up 77.22%.

The other members of the portfolio are AMWD, APEX, BEBE, DCR, EUSA, FDS, IFCI, MEAD, NVH, PLMD, THQI, XOMV.

Other large gainers in the model portfolio during the first half of 1999 included DLCK, NETG and NTBK.

Last week, MicroCap1000.com announced that its MicroCap1000 Index, the only real-time index covering companies with market caps of $500 million or below, gained 18.2% for the quarter, as compared to just 6.7% for the blue-chip S&P 500 Index and 12.1% for the Dow Industrials. The Nasdaq Composite Index advanced 8.4% and the Russell 2000 Index of small caps rose 15.1%, signaling a clear revival for small caps during the quarter.

"We have no doubt seen a turnaround in the small-cap sector," says Matulich.

MicroCap1000 also reported that the top ten gainers in its MicroCap1000 Index in the first half of 1999 were: JBOH, LTXX, BEAM, DRMP, NETB, MCOM, ABOV, ELNT, PWER, MMCN.

About MicroCap1000.com

Launched in October 1998, MicroCap1000 seeks to be the number one source for small-cap stock information and personal wealth-building strategies. State-of-the-art tools combine with up-to-the-minute news and cutting-edge commentary to help users build their online investing skills. MicroCap1000 currently has more than 170,000 registered users and was rated by Barron's (11/23/98) as one of the top investment Web sites and featured in Online Investor magazine (July/August 1999) as its "Blue-Chip Pick."

About GlobalNet Financial.com, Inc.

GlobalNet has achieved rapid acceptance and growth in its quest to become the leading provider of international online financial news and information services designed to combine unique financial content and educational programs, investment and analytical tools and on-line trading and other transaction executions. GlobalNet's subsidiary, MicroCap1000.com, focuses on companies with a market capitalization of under $500 million and is a leading source for information on the microcap sector featuring original daily articles and a real-time index. Through GlobalNet's alliance with Freeserve Limited, the United Kingdom's largest Internet service provider (ISP), UK-iNvest.com is the exclusive provider of investment information within Freeserve's Money channel, featuring interviews and commentary with leading investment managers and analysts about stocks, funds and market trends.

On July 12, 1999, GlobalNet announced a joint venture agreement with First Marathon Inc., a leading Canadian investment firm, to jointly develop an online trading business for Canada and a premiere financial website, Canada-iNvest.com, in Canada. In conjunction with the joint venture, First Marathon has made a $2.5 million strategic equity investment in GlobalNet Financial. The investment by First Marathon follows strategic investments by Freeserve Limited, which made a $15.0 million strategic investment in GlobalNet on May 13, 1999 and a $5.0 million strategic investment on May 25, 1999 from an Italian Consortium consisting of The De Agostini Holding Group, Banca Commerciale Italiana and Investitori Associati. GlobalNet's Italia-iNvest.com is under development. GlobalNet is continuing its worldwide expansion of international investor oriented financial sites.

GlobalNet has also attracted a variety of noteworthy strategic technology partners such as Telescan (Nasdaq: TSCN), an industry leader in providing Internet services and innovative solutions for online technology and data retrieval tools. GlobalNet's licensing agreement with NexTrade provides the company with royalty free, worldwide rights to NexTrade's proprietary, modular Electronic Direct Access Trading System (E-DAT) for real-time online trading.

GlobalNetFinancial.com, Inc. is headquartered at 2425 Olympic Boulevard, Suite 660E, Santa Monica, California, 90404; telephone: [phone]; fax: [phone]. The company also has offices in Florida and the United Kingdom. For U.S. investor relations, call Michael Jacobs, COO, at 1.800.371.4921, [e-mail] For U.K. media relations, call Tim Jackaman, Square Mile Communications, Ltd. at 44.171.601.1001.