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

To: Jibacoa who wrote (609)	7/11/2003 1:02:43 PM
From: Dave B	Read Replies (1) \| Respond to of 1011

Internap Announces Remaining Results of Annual Meeting ATLANTA, Jul 11, 2003 (BUSINESS WIRE) -- Internap Network Services Corporation (NASDAQ: INAP), the leading provider of performance-based routing services over the Internet, today announced remaining results from the 2003 Annual Meeting of Stockholders. At the meeting, shareholders approved each of the nine remaining proposals. Two proposals had been approved at the meeting on June 17, 2003, which was adjourned until 9:00 a.m. today. Amendments to the company's certificate of incorporation were approved to permit holders of the company's Series A preferred stock to take action by written consent in lieu of a meeting, with support from more than 95% of the votes cast. In addition, shareholders representing nearly 93% of the votes cast approved amendments to the company's charter that would permit its preferred stock to be classified as stockholders' equity. Shareholders also authorized an increase in the size of the company's board of directors from seven members to nine members, with support from slightly more than 90% of the votes cast. Shareholders approved increases in the number of shares of common stock available under the company's employee and non-employee director stock plans, ratified other company stock plans and approved amendments to those plans, in each case with the support of at least 75% of the votes cast. "We are pleased that our shareholders supported these important proposals," said Greg Peters, Internap's president and chief executive officer. "In particular, enlargement of our board of directors will allow the company to attract members with broad industry experience and with knowledge of public company financial matters. Also, the changes to our employee and directors' stock plans will enable us to retain and attract highly talented professionals as the business grows." About Internap Founded in 1996, 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 promise 100 percent Internet availability, allowing customers to bypass congestion points and avoid other difficulties that plague conventional Internet connectivity. Internap currently serves over 1,270 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. Internap and P-NAP are registered trademarks of Internap. All other trademarks and brands are the property of their respective owners. For more information, please visit www.internap.com. SOURCE: Internap Internap, Atlanta Media Contact C. David Sutton, 404-302-9721 dsutton@internap.com or Investor Contact Frank Milano, 404/302-9846 fmilano@internap.com