To: Softechie who wrote (36156 ) 9/27/2001 12:54:22 PM From: Frederick Langford Read Replies (1) | Respond to of 37746 Hey Techie, XOXO Communications Confirms It Expects to Meet 3rd Quarter Revenue and EBITDA Estimates Business Editors/Hi-Tech Writers RESTON, Va.--(BUSINESS WIRE)--Sept. 27, 2001--XO Communications, Inc. (NASDAQ:XOXO), one of the nation's leading providers of broadband communications services, today confirmed previously announced estimates for the company's third quarter 2001 revenue and EBITDA (operating loss adjusted for stock-based compensation, depreciation, and amortization). XO expects that revenue will fall in line with previously announced financial estimates of $330 to $340 million for the third quarter of 2001. The company also expects that its third quarter EBITDA will be consistent with its previous estimates of a $45 to $55 million EBITDA loss. XO will provide financial details for the quarter during its quarterly results conference call in late October. About XO Communications XO Communications is one of the world's leading providers of broadband communications services offering a complete set of communications services, including: local and long distance voice, Internet access, Virtual Private Networking (VPN), Ethernet, Wavelength, Hosting and Integrated voice and data services. XO has assembled an unrivaled set of facilities-based broadband networks and Tier One Internet peering relationships in the United States. XO currently offers facilities-based broadband communications services in 63 markets throughout the United States. The Company is also one of North America's largest holders of fixed broadband wireless spectrum, with licenses covering 95 percent of the population of the 30 largest U.S. cities. The statements contained in this release that are not historical facts are "forward-looking statements" (as such term is defined in the Private Securities Litigation Reform Act of 1995). These statements include those describing the expected future operations of XO and the potential benefits of the arrangements and services described in this release. Management wishes to caution the reader that these forward-looking statements are only predictions and are subject to risks and uncertainties and actual results may differ materially from those indicated in the forward-looking statements as a result of a number of factors. These factors include, but are not limited to, those risks and uncertainties described from time to time in the reports filed by XO Communications with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2000 and in it's Quarterly Report on Form 10-Q for the quarter ended June 30, 2001. XO, XO Not Just Talk and the XO design logo are trademarks of XO Communications, Inc. Other product or service names mentioned herein are the trademarks of their respective owners. Fred