FIBERNET LAUNCHES AVAILIUS, A NEW SUBSIDIARY TO MEET THE DEMAND FOR EXPERIENCE-DRIVEN EXPERTISE AND RESOURCESNEW YORK - October 11, 2005 - FiberNet Telecom Group, Inc. (NASDAQ: FTGX), a leading provider of complex interconnection services, today launched a new, wholly-owned subsidiary, Availius, LLC (www.availius.com), leveraging FiberNet's expertise and resources to offer sophisticated network and data facility operators a combination of intellectual capital and implementation capabilities in three areas: Network Solutions, Infrastructure Solutions and Business Solutions.
Jon A. DeLuca, President and CEO of FiberNet said, "Today, sophisticated data users demand a combination of in-depth knowledge and flawless execution to develop and operate resilient networks and data infrastructure. We created Availius to meet this need as part of our company's continuing focus on innovation."
FiberNet's current portfolio of customers includes many of the world's largest carriers and service providers - all poised to benefit from Availius' strategic advisory services and technical resources. In particular, Availius anticipates providing intellectual, strategic and tactical support to international carriers seeking to expand their footprints in North America.
Two members of FiberNet's senior management team have been appointed to lead Availius: Arthur Valhuerdi, Vice President of Infrastructure Engineering and John Dowd, Vice President of Business Development. "Availius will be an invaluable resource that enables clients to focus on their core competencies while leveraging our expertise, infrastructure and personnel for their data and network solutions," said Dowd.
Availius Network Solutions will expand upon the success of FiberNet's Network Solutions offering which provides innovative network connectivity along with ongoing monitoring and management. By capitalizing on the resources and expertise of its parent company, Availius Network Solutions will help clients improve performance, reduce cost and support growth through network design, provisioning, and auditing services.
Availius Infrastructure Solutions will seek to maximize the returns on infrastructure investments by guiding clients through the complexities of constructing, upgrading, relocating, or managing data centers and network facilities. By collaborating with its customers, Availius Infrastructure Solutions will be the single point of contact to define requirements, avoid pitfalls and manage projects to completion.
Availius Business Solutions will provide market intelligence, marketing communications services and access to experienced professionals to help customers achieve their business objectives.
"Our services will enable businesses to make more informed decisions, safeguard their investments, and reduce the risks of network deployment and operations," said Dowd.
About Availius, LLC
Availius, a wholly-owned subsidiary of FiberNet, is an intellectual capital and resource company that leverages FiberNet's expertise and implementation capabilities to provide turn-key results for network, infrastructure and wide-ranging business needs. Availius offers full-service capabilities to sophisticated network operators and data facility users, and gives clients access to strategic direction and experienced personnel for overall project execution and management services. For more information about Availius, visit the company web site at www.availius.com or email at info@availius.com.
About FiberNet Telecom Group, Inc.
FiberNet Telecom Group, Inc. owns and operates integrated interconnection facilities and diverse transport routes in the two gateway markets of New York/New Jersey and Los Angeles, designed to provide comprehensive broadband interconnectivity enabling the exchange of traffic over multiple networks. FiberNet's customized connectivity infrastructure provides an advanced, high bandwidth, fiber-optic solution to support the demand for network capacity and to facilitate the interconnection of multiple carriers' and customers' networks. For additional information about FiberNet, visit the company's website at ftgx.com.
