PEER 1 Appoints Ken Rotman and Mitch Green to the Board of Directors



    VANCOUVER, Aug. 31 /CNW/ - PEER 1 Network Enterprises, Inc. (TSX:PIX),
the global business hosting provider, today announced changes to the board of
directors in connection with Clairvest completing the purchase of 20,538,470
shares of PEER 1 from Celerity Partners on Friday, August 28th, 2009. Mark
Benham of Celerity Partners has resigned from the board of directors. Ken
Rotman and Mitch Green have been appointed to the board as representatives of
Clairvest. The appointment of Messrs. Rotman and Green is pursuant to an
agreement between Clairvest and PEER 1's other major shareholders, the
particulars of which are described in the Early Warning Report filed on SEDAR
on August 26, 2009.
    "I want to welcome Mr. Rotman and Mr. Green to PEER 1's Board of
Directors and also thank Mark Benham for his contributions to the Board over
the past four years," said Lance Tracey, Co-Founder and Executive Chairman of
the Board for PEER 1. "Ken and Mitch are seasoned board members, and our
interactions with them to date have been very constructive. Their extensive
business experience and insight has provided us with a new perspective on
growth opportunities in the business hosting sector. We are looking forward to
working with both of them to drive growth and value for all of PEER 1's
shareholders."

    About PEER 1

    PEER 1 believes in the limitless opportunity of the Internet, and the
business growth potential it provides for its more than 10,000 customers. As a
global online IT hosting provider, PEER 1 offers a reliable high performance
Internet network supporting scalable Managed Hosting, Dedicated Hosting
through the ServerBeach brand, and Colocation solutions. Backed by its 100
percent uptime guarantee and 24x7x365 FirstCall Support(TM), PEER 1 ensures
customers' online presence is always fast, always available. Since 1999, PEER
1 has grown to include 16 state-of-the-art data centers and points-of-presence
throughout North America and Europe. The company's headquarters are in
Vancouver, Canada, with European operations headquartered in Southampton, UK.
PEER 1 shares are traded on the TSX under the symbol PIX. For more information
visit: www.peer1.com or www.peer1hosting.co.uk.




For further information:

For further information: For investor enquiries please contact Thomas
McMillan, Equicom Group, (403) 536-5903, tmcmillan@equicomgroup.com; For media
enquiries please contact Marcela Peake, PEER 1, (604) 909-6428,
mpeake@peer1.com

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PEER 1 Network Enterprises, Inc.

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