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Technology Stocks : Internap Network Services Corporation -- Ignore unavailable to you. Want to Upgrade?


To: arnold silver who wrote (518)11/20/2002 4:52:02 PM
From: Dave B  Read Replies (1) | Respond to of 1011
 
PRESS RELEASE: Internap Names Tothill VP, Government Sys

Former Sprint Executive to Lead Internap's Government Systems Division Internap Poised to Participate in Multi-Billion Dollar Homeland Security Program


ATLANTA, Nov. 20 /PRNewswire-FirstCall/ -- Internap Network Services Corporation (Nasdaq: INAP), a leading provider of intelligent routing services over the Internet, today announced that Allen K. Tothill, a former Vice President for Sprint's e-Solutions government division, has joined Internap as Vice President of Government Systems. In his new role, Tothill will lead Internap's sales efforts in the federal, state, and local government sectors.

"Allen's sales background and specific expertise in working with federal, state, and local governments will allow us to penetrate a very important market for Internap," said Greg Peters, President and CEO of Internap. "Creating our government systems division is a key growth strategy for us. This move demonstrates our commitment to addressing the needs of a large and growing vertical market."

"Internap's fully redundant backbone architecture, which provides industry-leading performance guarantees, is a perfect solution for federal, state, and local government applications," said Tothill. "Internap is uniquely positioned to demonstrate real value to government agencies through reducing risks associated with downtime, and increasing the responsiveness and effectiveness of Internet-enabled applications. I am looking forward to joining a talented and focused management team to increase the awareness of Internap and its capabilities within the government market."

Prior to joining Internap, Tothill led Sprint's e-Solutions Group, a division of Sprint's Global Markets Division, where he managed sales, solution architecture and service delivery for Eastern United States commercial, federal, state, and local government markets. Tothill held other key leadership positions throughout his 17-year career at Sprint, including Vice President, Emerging Markets and Vice President, National Accounts, and brings a wealth of sales experience to Internap. He graduated from North Carolina State University with a Bachelor's of Science in Chemical Engineering.

Internap offers business customers a portfolio of Internet-based services, including its patented ASsimilator(R) route optimization products, which utilize up to nine domestic IP backbones, VPN, video, network monitoring and management, data storage and retrieval, collocation and content distribution services. Internap Media Contact Internap Investor Contact Brian Sibley or Chris Barker Tim Hanson Text 100 Public Relations Internap Network Services 206-381-3791 206-262-3742 internap@text100.com thanson@internap.com About Internap

Internap provides customers with certainty over the Internet through its patented route management technology and service guarantees. This managed IP service intelligently routes data across the major Internet backbones through a single connection from a customer's network to one of Internap's Service Points. Internap's customers bypass congestion points on the Internet, avoiding packet loss, latency and other difficulties that can plague conventional Internet connectivity. Founded in 1996 in Seattle, Internap offers services in numerous key markets throughout the United States including Atlanta, Boston, Chicago, Los Angeles, New York, San Jose and Seattle. Major companies and networks served by Internap include The Nasdaq Stock Market, Datek Online, Colgate Palmolive, Earthlink, Travelocity and many others. Internap(R) and P-NAP(R) are registered trademarks of Internap. All other trademarks and brands are the property of their respective owners. For more information, visit www.Internap.com. "Safe Harbor" Statement

This release may contain projections or other forward-looking statements that involve risks and uncertainties. Readers are cautioned that these statements are only predictions and may differ materially from actual future events or results. Readers are referred to the documents filed by Internap with the SEC, including without limitation its most recent Reports on Forms 10-K and 10-Q, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements, including, among other things, Internap's history of operating losses and expected future losses, Internap's limited operating history, fluctuations in Internap's quarterly operating results, Internet infrastructure and regulatory changes, volatility of stock price, deployment of new Service Points, integration of acquired businesses and rapid technological and market change. All forward-looking statements are based on information available to Internap on the date hereof, and Internap assumes no obligation to update such statements. Make Your Opinion Count - Click Here tbutton.prnewswire.com SOURCE Internap Network Services Corporation /CONTACT: media, Brian Sibley or Chris Barker, both of Text 100 Public Relations, +1-206-381-3791, or internap@text100.com, for Internap Network Services Corporation; or investors, Tim Hanson of Internap Network Services Corporation, +1-206-262-3742, or thanson@internap.com/ /Web site: internap.com / (INAP) CO: Internap Network Services Corporation ST: Georgia, Washington IN: CPR NET MLM SU: PER

(END) DOW JONES NEWS 11-20-02

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