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Technology Stocks : Internap Network Services Corporation

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To: Jibacoa who wrote (550)1/24/2003 8:46:03 AM
From: Guardian  Read Replies (1) of 1011
 
Investor Alert

Internap has added a News Release to its Investor Relations web
site.
Title: Internap Names Former Head of GE Equity Investments As
New Chief Financial Officer; 30-Year Veteran Financial Strategist
Robert R. Jenks to Lead Finance Team.

With 30 years of experience at leading equity investment and capital management companies, Jenks rounds out the senior management team at Internap.

While at GE, Jenks was responsible for the company's global private equity investment activity in the communications industry, managing a technology portfolio across some 35 companies in the U.S., South America and Europe. Investments focused on growth-stage equity in the hardware, software and service provider sectors. Jenks was also Chief Financial Officer at WorldTel, Ltd., a London-based communications development company affiliated with the United Nations, whose investors included Intel, AIG and GE Capital.

"Bob is a highly respected communications executive and has a vast amount of experience managing and developing financial strategies for growing technology companies," said Greg Peters, president and CEO of Internap. "He has been an advisor to Internap and our board of directors for the past nine months. We're very fortunate and pleased to welcome Bob to Internap."

"Internap has powerful technology, strategic vision, strong management and market momentum," said Jenks, in accepting his new assignment. "It's exciting to be part of a company and management team that is growing market share. The company's unique ability to reduce risks for its IP-network customers puts Internap in an excellent position to continue to grow and achieve its cash-flow positive goals for the year."

Jenks is a graduate of Lawrence University in Appleton, Wisconsin; and holds an MBA from the Stern School of Business at New York University.

Date: 1/24/2003 6:59:00 AM

For a complete listing of our News Releases visit:
internap.com
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