To: Greg h2o who wrote (25668 ) 10/19/2000 12:51:26 PM From: signist Respond to of 42804 FiberNet Telecom Group, Inc. (Nasdaq: FTGX), a leading provider of metropolitan optical connectivity, and 360networks (Nasdaq: TSIX and TSE: TSX) today announced a five-year agreement, with expected revenues of $20 million. FiberNet will provide 360networks with access to its Metropolitan Transport Networks (MTNs), FiberNet In-building Networks (FINs), and collocation space in leading carrier hotels. By utilizing the FiberNet "optical off-ramp" which connects metropolitan carrier interconnection points and premier office properties, 360networks will have end-to-end fiber connectivity from their switching centers directly to the desktops of their customers and to other carriers. "By collocating in FiberNet's New York City carrier facilities, 360networks can interconnect its global network with other major carriers," said Les Hankinson, FiberNet's senior vice president of sales and marketing. "FiberNet will assist 360networks to realize its national expansion plans," he added. About FiberNet: FiberNet Telecom Group, Inc. is a carrier's carrier that designs, builds and operates 100% fiber optic transmission networks in major cities. The company's Metropolitan Transport Networks (MTNs) link carrier hotels and multi-tenant office buildings. FiberNet enters into license agreements with nationwide property owners to design, build, and operate FiberNet In-building Networks (FINs) within Class A commercial properties. FiberNet has lit multiple strands of fiber on its MTN throughout New York City, with plans to introduce its services to other cities. The FiberNet network utilizes a diversely routed SONET ring architecture that extends from premier carrier hotels to Class A office buildings equipped with a FIN. By offering carrier class backbone reliability directly to tenants and carrier premises, FiberNet is seeking to set a new standard in the speed of local loop delivery and connectivity of DS1 to OC192, and 10/100b Ethernet circuits. For more information on FiberNet, please visit the Web site, at ftgx.com . This press release may include projections or forward-looking statements. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates" and variations of these words and similar expressions, are intended to identify forward-looking statements. These statements are not historical facts but instead represent only management's current expectations and beliefs regarding future events, many of which, by their nature, are inherently uncertain and outside of FiberNet's control. It is possible that FiberNet's actual results and financial position may differ, possibly materially, from those expressed, implied or forecasted in these forward-looking statements. For a discussion of some of the risks and factors that would affect FiberNet's future results, see FiberNet's Registration Statement on Form S-1 (as filed with the SEC on August 15, 2000), under the caption "Risk Factors." Readers are cautioned not to place undue reliance on these forward-looking statements. SOURCE FiberNet Telecom Group, Inc. CONTACT: Lara Solomon of FiberNet Marketing, 212-405-6224, lara.solomon@ftgx.com URL: ftgx.com prnewswire.com (C) 2000 PR Newswire. All rights reserved. COMTEX) B: FiberNet Provides 360networks With Metropolitan Optical C B: FiberNet Provides 360networks With Metropolitan Optical Connectivity Under a $20 Million, Five-Year Agreement NEW YORK, Oct 19, 2000 /PRNewswire via COMTEX/ -- -0- KEYWORD: New York INDUSTRY KEYWORD: TLS RLT SUBJECT CODE: CON *** end of story ***