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GlobalEnglish and StarMedia Network Partner

Daly City, CA, February 28, 2000 — GlobalEnglishTM Corporation, the leading solution for learning English online, today announced that it has formed an affiliate partnership with StarMedia Network (Nasdaq:STRM), www.starmedia.com, the leading global Internet media company for Spanish- and Portuguese-speaking audiences worldwide.

The partnership gives GlobalEnglish a leading affiliate in the Latin American, U.S. Hispanic and Iberian Internet markets and enables StarMedia to provide its users with quick, affordable access to GlobalEnglish.com. StarMedia Network provides an array of in-language communication services and content, including news, entertainment, email, personal homepages, chat, shopping and region-specific search engines. GlobalEnglish offers multiple courses, from beginner to advanced, to help non-native speakers develop their English-language skills for work, travel and personal enjoyment. The GlobalEnglish site supports eight native languages, including Spanish and Portuguese, and offers free access to multimedia learning games, online teachers, music and fun activities to build grammar, vocabulary and speaking skills.

Through the agreement, the two companies have planned a series of marketing activities and special joint promotions throughout the year, including a tie-in with Visa International. GlobalEnglish's products can be accessed on the StarMedia Shopping Channel at www.starmedia.com.

"The StarMedia platform is an ideal way for our users to learn a foreign language," said Tomas Melian, Vice President of e-Commerce for StarMedia Network, "and GlobalEnglish is a high-quality offering in this area. We're excited to be partnering with GlobalEnglish to enable our users to take advantage of these valuable services."

"Our partnership with StarMedia, a pioneer in the Spanish- and Portuguese-speaking online marketplace, underscores our commitment to making proficiency in English accessible to and attainable for everyone, everywhere," said Ellen Fetty, Vice President of Marketing for GlobalEnglish, "We're extremely pleased with the response to our joint marketing efforts thus far, and we look forward to the continued success of our alliance with StarMedia and its users."

About StarMedia Network, Inc.

StarMedia Network is the leading Internet media company targeting Latin America and other Spanish- and Portuguese-speaking markets worldwide. The Company is committed to providing Spanish and Portuguese speakers with a complete selection of services and products that take full advantage of Internet technologies. StarMedia Network operates StarMedia (www.starmedia.com), the leading global online community for Spanish and Portuguese speakers; LatinRed, one of the largest Spanish language online communities; OpenChile (www.openchile.cl), a local Chilean portal; Zeek! (www.zeek.com.br) and Cade? (www.cade.com.br), two of the leading online directories in Brazil; AdNet, Mexico's largest Web directory; Guia SP (www.guiasp.com.br) and Guia RJ (www.guiarj.com.br), Brazil's largest metropolitan Web directories; StarMedia Acceso/Acesso, a premium Internet access service in Latin America; StarMedia Broadband, StarMedia Network's broadband services arm; and StarMedia Mobile, the Company's wireless division. StarMedia Network provides advertisers and merchants targeted access to Spanish- and Portuguese-speaking Internet users. Some of StarMedia Network's strategic relationships include Netscape Communications, Real Networks, CDNOW, Reuters, eBay, National Broadcasting Company, Hearst Communications and Fininvest. Founded in 1996, the Company has operations in Argentina, Brazil, Chile, Colombia, Mexico, Puerto Rico, Spain, Uruguay, Venezuela, and major U.S. cities, and has over 700 employees.

StarMedia and StarMedia's logos, product and service names are registered trademarks of StarMedia Network, Inc.

About GlobalEnglish Corporation

GlobalEnglish is the leading provider of online assessment, learning and support for Business English communication for the world's top companies. The company offers a suite of scalable, on-demand products that help employees improve their ability to communicate effectively in English and enables companies to succeed in the global marketplace.

GlobalEnglish is proudly made up of a team of global consultants who partner with clients to assess their Business English needs, ensure successful implementation and provide ongoing local support to over 30 countries worldwide.

GlobalEnglish is the preferred choice of the world's largest companies, including BNP Paribas, Capgemini, Cisco, Deloitte, Deutsche Telekom, GSK, Hewlett-Packard, Hilton, John Deere, Procter & Gamble, Unisys and Wyeth.

For more information, please visit www.GlobalEnglish.com.

English is critical for our success. We needed a solution that we could deploy around the world, would help any level and that would include tools that could provide instant help on the job. The only service that could handle this huge challenge was GlobalEnglish…It always comes down to money and our return on investment has been excellent when measured in productivity gains.

— Tony Gleeson, former Global Director of Learning Programs and Solutions, Deloitte LLP, U.S.

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