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Wavve Telecommunications, Inc. is a leading provider of colocation, network connectivity, Internet and managed services. Wavve also offers value-added end-to-end application services including web and content hosting, virtual ISP services, e-commerce and e-business applications to enterprise, industrial, and ISP customers with mission-critical businesses and operations. By outsourcing web-based infrastructure and application systems to Wavve, our customers can maintain strategic focus on their core business while leveraging the power of the Internet. For more information about Wavve and our services, please visit us at www.wavve.com or call 916.340.6400.This release contains forward-looking statements, including among others, descriptions of management's plans and objectives and statements related to future operations, that involve risks and uncertainties. These statements may involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company or industry results to be materially different from any future results, performance, or achievement expressed or implied by such forward-looking statements. Factors that could affect these forward-looking statements include, among others, the following: operational challenges of developing, deploying and delivering Wavve's service; general economic and business conditions, demographic changes, regulation, major technology changes, timing of product introductions, competition, and the ability of the Company to attract and retain key employees. Wavve assumes no obligation to update forward-looking statements contained in this press release. Readers are encouraged to refer to Wavve's filings with the Canadian Venture Exchange and Wavve's 1999 Annual Report for more information on business and risk factors that may affect operating and financial results and forward-looking statements.