Long Island Fiber Exchange acquires Exobit Networks

September 29, 2008 -- Long Island Fiber Exchange Inc. (LIFE), a regional provider of fiber-optic bandwidth and services for education, government, and business, says that they have acquired Exobit Networks, Inc., a regional Internet and network services provider.

September 29, 2008 -- Long Island Fiber Exchange Inc. (LIFE), a regional provider of fiber-optic bandwidth and services for education, government, and business, says that they have acquired Exobit Networks, Inc., a regional Internet and network services provider.

Under the terms of the agreement, Exobit Networks will be a wholly owned subsidiary of LIFE, and the principals of Exobit Networks will obtain equity partnership in LIFE. The merged entity will integrate Exobit Networks line of Internet and networking offerings onto the LIFE network. The combined entity maintains ongoing contracts with over 40 school districts in Nassau and Suffolk counties, as well as all three regional BOCES and several universities, hospitals, businesses, government entities, and carriers.

The combined entity offers services that include dark fiber build outs, lit point-to-point circuits, high-speed Internet services, website hosting and design, e-mail hosting and spam filtering, data backup/disaster recovery, voice services, and colocation at LIFE's data centers. Additionally, the company offers full-service network integration.

Kurt Berlinghof, a principal of LIFE, stated, "We are very excited about this tremendous opportunity. The integration of Exobit Networks into LIFE brings full circle our plan to offer a wide assortment of Internet services over our existing metwork which spans over 500 miles and is continually expanding. Exobit Networks has built an extremely reliable, resilient IP and hosting platform which aligns with the plans we have for our network."

"We've been watching LIFE for some time, and we noticed that we were both working towards the same goal -- providing high-quality Internet and networking services to Long Island organizations. This merger is a great fit for both companies, and it should greatly benefit our current and future client base," added Jeffrey Meltzer, co-founder of Exobit Networks and now director of network operations for LIFE.

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