Centerpoint acquires Zaffire

Oct. 22, 2001--Centerpoint Broadband Technologies, Inc. announced it has completed the acquisition of Zaffire, Inc., a provider of DWDM optical networking systems for metropolitan and regional networks.

Centerpoint Broadband Technologies, Inc., dedicated to delivering bandwidth efficient systems that maximize performance of optical and transport networks, announced it has completed the acquisition of Zaffire, Inc., a provider of Dense Wave Division Multiplexing (DWDM) optical networking systems for metropolitan and regional networks.

Under the terms of the agreement Centerpoint acquired Zaffire in a private-to-private, all-stock transaction. Goldman Sachs served as financial advisor to Centerpoint.

Effective immediately, Zaffire will be fully integrated into Centerpoint. William Hearst III, partner with Kleiner Perkins Caulfield & Byers, who was a member of Zaffire's board of directors, joins Centerpoint's board. Near Margalit, former chairman and chief technical officer of Zaffire, has been appointed chief technical officer of Centerpoint.

About Centerpoint Broadband Technologies, Inc.:

Centerpoint Broadband Technologies, Inc., is an optical networking company dedicated to delivering high capacity optical and broadband wireless systems that allow service providers to build networks. For more information, visit www.centerpoint.com.

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