PEER 1 Continues Rapid Growth With Network Upgrade



    
    State-of-the-Art Network Paves Way for Future Technology Growth and
    Innovation
    

    SAN FRANCISCO, June 25 /CNW/ -- Structure08 -- PEER 1 Network
Enterprises, Inc. (TSX: PIX), a leading provider of online IT infrastructure,
has completed a comprehensive, standardized network upgrade to 10GB/OC192. The
upgrade strengthens the IT platform needed for online business growth and new
technologies, as well as helping to enable continued innovation in the market.
The upgrade also maximizes PEER 1's strategy for offering new infrastructure
architectures and its capability to support new technology development.
    PEER 1's move to the new 10GB/OC192 architecture enables higher
throughput and packet-per-second capability, which meets the needs of
industries such as VoIP and gaming. Additionally, the upgrade enables PEER 1
to provide the highest possible bandwidth required by companies specializing
in rich-media and streaming applications.
    "The growth of new technologies in the IT infrastructure and managed
hosting markets is changing the landscape significantly," said Antonio
Piraino, senior analyst with Tier 1 Research. "The eventual winners in this
space will be those companies that are best able to leverage these new
technologies in concert with the efficient use of existent resources to
produce services that are genuinely flexible and always available."
    PEER 1's long-term strategy for implementing new market innovations is to
partner with companies that are experts in specific technologies. In this way
the company will not be tied down to an exclusive technology, but instead can
take full advantage of the dynamic infrastructure market. This also gives PEER
1 the flexibility to continue to grow and develop with partners as the
technology matures.
    At the same time, PEER 1's extensive network and hosting services provide
the unique opportunity to test what works best for its customers. Since the
core requirements for both new technologies and the PEER 1 network are
similar, PEER 1 truly understands what is needed to deliver new platforms. And
with the strength of its network new technologies can integrate easily into
the company's full service solution offerings.
    "PEER 1's strategic development for these new technologies enables us to
continue delivering world-class service for our customers now and in the
future," said Fabio Banducci, CEO of PEER 1. "We are committed to help
businesses realize the growing possibilities of the Internet. With the power
and breadth of the PEER 1 network, we are in a unique position to promote and
support more powerful solutions to benefit both our customers and the industry
in general."
    The company's distinctive approach enabled PEER 1 to report seven
consecutive quarters of record profitable growth, according to third quarter
financial results released earlier this year. PEER 1's world class network is
geographically diverse, including 17 data centers and POPs in major cities
across North America and Europe.
    
    About PEER 1
    
    PEER 1, a leading online IT infrastructure provider, believes in the
limitless opportunity of the Internet and the business growth and continuity
it provides for its more than 10,000 customers. PEER 1 delivers highly
scalable managed hosting and co-location solutions, and self-managed hosting
through its ServerBeach brand, to ensure customers' online presence is always
fast, always available. Since 1999, PEER 1 has grown to include data centers
and network points of presence in 17 major cities across North America and
Europe. Serving a variety of companies, PEER 1 offers solutions that grow
through every stage of web commerce, regardless of company size. The company's
headquarters are in Vancouver, Canada and the stock is traded on the TSX under
the symbol PIX. For more information visit: http://www.peer1.com and
http://www.serverbeach.com.




For further information:

For further information: Abigail Faylor, +1-425-452-5497, 
afaylor@webershandwick.com, for PEER 1 Network Enterprises, Inc. Web Site:
http://www.peer1.com                  http://www.serverbeach.com

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PEER 1 Network Enterprises, Inc.

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