Internap Expands National Footprint
Reaches fifteen new markets
SEATTLE, WA, September 23, 2002 - Internap Network Services Corporation (NASDAQ: INAP), the leading provider of intelligent routing services over the Internet, today announced the first step in its market expansion.
While Internap currently offers its premium connectivity in most major metropolitan areas, this action sets in motion its growth into secondary markets in the US. With this development Internap will be able to meet the demands of its multi-site enterprise customers in 15 new markets. These cities include: Des Moines, Iowa; Kansas City, Missouri; Las Vegas, Nevada; Milwaukee, Wisconsin; Minneapolis/ St. Paul, Minnesota; Portland, Oregon; Sacramento, California; and Spokane, Washington.
"Internap will now be able to offer its services, including route optimization, VPN, and network monitoring, to a much larger marketplace with little incremental expense. In addition to the market expansion strategy, Internap is also focused on increasing its product portfolio. This growth plan is a direct response to our customers' needs," said Eileen Wright, Internap's Vice President of Marketing.
Internap, which was recently named the 8th largest business ISP, offers a highly redundant network service that is comprised of up to nine domestic IP backbones over which Internap optimizes the routing of customers' data. Internap is not reliant on any one carrier, which mitigates risks for its customers in these uncertain times in the telecommunications industry. If any single backbone to which Internap connects were to have performance issues, its patented Assimilator route optimization technology would adjust to maintain a high quality of service. Other Internap services include VPN, video, network monitoring and management, data storage and retrieval, collocation, and edge services such as caching.
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For more recent news on Internap, please visit www.internap.com/newsroom .
Internap Investor Contacts:
Tim Hanson
Internap Network Services
206-262-3742
thanson@internap.com
Internap Media Contacts:
Chris Barker
Brian Sibley
Text 100 Public Relations
206-381-3791
internap@text100.com
About Internap
Internap provides customers with certainty over the Internet through its patented route management technology and service guarantees. This managed IP service intelligently routes data across the major Internet backbones through a single connection from a customer's network to one of Internap's Service Points. Internap's customers bypass congestion points on the Internet, avoiding packet loss, latency and other difficulties that can plague conventional Internet connectivity. Founded in 1996 in Seattle, Internap offers services in numerous key markets throughout the United States, Europe and Japan including Atlanta, Boston, Chicago, London, Los Angeles, New York, San Francisco, San Jose, Seattle, Tokyo and Washington, DC. Internap® and P-NAP® are registered trademarks of Internap. All other trademarks and brands are the property of their respective owners. For more information, please visit www.internap.com.
Internap "Safe Harbor" Statement
This release may contain projections or other forward-looking statements that involve risks and uncertainties. Readers are cautioned that these statements are only predictions and may differ materially from actual future events or results. Readers are referred to the documents filed by Internap with the SEC, including without limitation its most recent Reports on Forms 10-K and 10-Q, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements, including, among other things, Internap's history of operating losses and expected future losses, Internap's limited operating history, fluctuations in Internap's quarterly operating results, ability to maintain Nasdaq listing, Internet infrastructure and regulatory changes, volatility of stock price, deployment of new Service Points, integration of acquired businesses and rapid technological and market change. All forward-looking statements are based on information available to Internap on the date hereof, and Internap assumes no obligation to update such statements.
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