telx acquires the premier carrier hotel in Atlanta

May 17, 2004 New York--telx, which operates New York's largest core interconnection facility, is pleased to announce the acquisition of another carrier hotel, Atlanta's 56 Marietta Street. As a result of the deal, telx will own and operate the entire building and "meet me room."

May 17, 2004 New York--telx, which operates New York's largest core interconnection facility, is pleased to announce the acquisition of another carrier hotel, Atlanta's 56 Marietta Street. As a result of the deal, telx will own and operate the entire building and "meet me room."

This acquisition is telx's first step in a nation-wide expansion plan, aimed to unify the communications industry's interconnection process within key "meet me rooms" and carrier hotels.

"The time has come to create a unified platform across North America," says Rory J. Cutaia, telx president and chief executive, "to interconnect disparate networks, regardless of protocol, type or speed, in order to facilitate the efiicient global distribution of voice, data, applications and digital media services. The acquisition of 56 Marietta is one more step in the execution of that plan."

This acquisition follows a period of very strong growth for telx. The privately-held company has been net-income positive since September 2003. It has also increased its staff by 50%, especially in the sales and technical support departments, to ensure its continued quality service and reliability.

"Our success is driven by our desire to grow our customers' business," continues Mr. Cutaia. "For example, we showcase our customers' services at our networking events, in our newsletters, and on our website. We learned long ago that our customers' growth is our growth."

56 Marietta contributes an impressive list of tenants to the telx marketplace, including BellSouth, Switch & Data, PAIX and the Internet 2 switch for local universities. The Atlanta carrier hotel also hosts many companies that have a presence within telx's facilities at 60 Hudson Street, including Looking Glass Networks, Global Crossing, Sprint, Progress Telecom and Level 3.

"Our expansion plans are highly supported by network providers and real estate owners alike," states Mr. Cutaia. "We do not compete with our customers; we work to promote our customers. Everyone's interests are aligned."
About telx

telx provides network access to hundreds of network providers and enterprise customers within its 45,000 square ft of secure facilities in New York and within the 160,000 square ft of fully dedicated, secure carrier hotel in Atlanta. Akin to a "seat on the exchange," telx customers are free to buy and sell a wide range of their network services directly in a neutral environment, cross-marketing products and services to one another. telx is a privately held company, headquartered at 17 State Street in New York City.

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