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AboveNet Purchases Land in Washington, D.C. Area With Plans to Build 250,000 Square Foot Co-Location Facility
BusinessWire, Wednesday, June 30, 1999 at 10:06
SAN JOSE, Calif.--(BUSINESS WIRE)--June 30, 1999--AboveNet
Communications Inc. (NASDAQ:ABOV), the architect of a global one-hop
network that brings together high-bandwidth content sites, ISPs, and
Application Service Providers in centralized co-location facilities,
today announced that it has signed an agreement to purchase nine acres
of land in the Washington, D.C. area.
The property, which is being purchased from Mason Hirst, a
Virginia-based developer, is large enough for a 250,000 square foot
Internet Service Exchange Facility (ISX) facility. It is located next
to the Faraday Building in Reston, Va. Two weeks ago AboveNet
announced that it had signed a 25,000 square feet lease for the entire
Faraday Building.
"We are delighted to have acquired this prime piece of real
estate," said Warren J. Kaplan, president and chief operating officer
of AboveNet. "It will enable us to meet the demand we are experiencing
on the East Coast and in Europe for our Internet Service Exchange."
"We are implementing our global strategy to build our world-class
facilities, which are required to support the stringent requirements
of our customers for superior Internet connectivity and co-location
services," said Stephen Belomy, executive vice president for AboveNet.
AboveNet's ISX facilities serve as hubs for AboveNet's growing
global presence, with the East Coast campus and its soon to be opened
New York satellite serving U.S. and European clients, and the West
Coast campus serving the U.S. and the Asia Pacific Region. These
facilities are among the few Internet facilities in the world to
receive the rigorous and prestigious ISO 9002 certification.
AboveNet's ISO 9002 Certification
ISO 9002 certification signifies that AboveNet, as well as its
suppliers and technology partners, adhere to the quality management
and quality assurance standards set by ISO -- a worldwide federation
of national standards bodies from more than 130 countries. The
certification is particularly important to the transmission of high
bandwidth video and multimedia information for which delays and high
error rates can result in transmission failures.
AboveNet's Global "One-Hop" Network
AboveNet's unique network model enables it to offer the best
connectivity and network performance to its clients. At each of
AboveNet's ISXs, content and service providers connect to each other
in a LAN environment and then directly connect to the rest of the
Internet through an extensive network of more than 256 private and
public peering relationships, as announced at the end of March 1999,
with all of the top ISPs and backbone providers worldwide.
This architecture reduces the multiple network hops packets of
information often need to make to reach their final destination on the
Internet, and allows AboveNet to keep the packets on its network
intact until they can be delivered as close as possible to their final
destination. The resulting "one-hop" network is highly redundant and
reliable.
AboveNet further ensures the performance of its network by
providing its clients access to 10.5 Gbps of bandwidth on demand --
the most bandwidth available at any co-location facility -- and it
guarantees 100% headroom on its network so that its clients will have
the bandwidth they need as they grow.
About Mason Hirst
Mason Hirst, developer of Lake Fairfax Business Center in Reston,
was founded in 1921 by T. Mason Hirst, grandfather of current
principal Thomson Hirst. Under the Mason Hirst umbrella are M&H
Capital, which performs commercial development and brokerage, and the
property management firm MH Management.
Descended from the family of George Mason, the Hirst family has a
long history of public service in Virginia. Tom Hirst's father, Omer
L. Hirst, served in the Virginia legislature for many years and played
a major role in creating the Dulles Airport Access Road, Interstate
Route 66, and the George Mason Law School; he also was active in
mental health and civil rights issues.
About AboveNet Communications Inc.
AboveNet Communications, Inc. is a leading provider of Internet
connectivity and co-location solutions for high bandwidth and
business-critical applications. AboveNet, headquartered in San Jose,
is the architect of the Internet Service Exchange (ISX) -- a world
class network that provides co-location services and Internet
connectivity for Content Providers, ISPs, and Application Service
Providers (ASPs).
The AboveNet Global One-Hop Network is designed to deliver fast,
scalable and reliable connections to the Internet and improves the
Internet experience for all end-users. With its Tier 1 status and ISO
9002 certification, AboveNet is seeking to serve the global community
of the Internet. For more information on AboveNet and its service
offering call 800/475-2733 or visit the company's Web site at
above.net.
Note to Editors: AboveNet, Internet Service Exchange, ISX and
AboveNet Global One-Hop Network are trademarks of AboveNet
Communications, Inc. All other company or brand names may be
trademarks of the respective companies with which they are associated.
The statements contained in this press release that are not
purely historical, such as statements relating to the emergence of a
market for hosted applications and the potential benefits of hosted
applications, are forward looking statements within the meaning of
section 21E of the Securities Exchange Act of 1934, as amended,
including statements regarding the company's expectations, beliefs,
hopes, intention or strategies regarding the future. Factors that
could cause or contribute to such differences include risks related to
AboveNet's services, including network scalability and Internet
connectivity, the ability to maintain and increase peering
relationships, and intense competition, the ability of the providers
of hosted application services to obtain and retain customers and
satisfactory levels of service, and other factors and risks discussed
in the company's registration statement on form S-1 initially filed
with the Securities and Exchange Commission on April 7, 1999 and other
reports filed from time to time with the Securities Exchange
Commission.
CONTACT: AboveNet Communications
Rose Marr, 408/367-6681
rose@above.net
or
The Weber Group
Tiffany Francis, 650/463-8642
tfrancis@ca.webergroup.com
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