Internap Announces Expiration of Reverse Stock Split Authorization
ATLANTA, GEORGIA - September 17, 2003 - Internap Network Services Corporation (NASDAQ: INAP), the leading provider of performance-based routing services over the Internet, announced today its shareholder authorization to proceed with a reverse stock split, obtained last December 17 at a special shareholders' meeting, will expire with no reverse stock split occurring.
About Internap
Internap offers business customers enhanced network services through a portfolio of Internet-based solutions that utilize all major domestic IP backbones. The company's patented and patent-pending route management technology and industry-leading service level guarantees provide 100 percent Internet availability, allowing customers to bypass congestion points and avoid other difficulties that plague conventional Internet connectivity.
Internap currently serves more than 1,500 Fortune 500 and mid-tier business customers in the financial services; travel/hospitality; manufacturing; media/entertainment; technology and retail industries. The company provides 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, D.C. For more information, please visit www.internap.com.
Internap "Safe Harbor" Statement
The foregoing are "forward-looking statements" which are based on management's beliefs as well as on a number of assumptions concerning future events based on information currently available to management. Readers are cautioned not to put undue reliance on such forward-looking statements, which are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside Internap's control, that could cause actual results to differ materially from such statements. For a more detailed description of the factors that could cause such a difference, please see Internap's filings with the Securities and Exchange Commission. Internap disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This information is presented solely to provide additional information to further understand Internap's results.
Media Contact:C. David SuttonInternap(404) 302-9721dsutton@internap.com
Investor Contact: David BuckelInternap(404) 302-9846dbuckel@internap.com ### |
