TierOne Networks Receives FCC Licenses in Texas

Enables Expansion and Interconnectivity Through the Telx Facility
in Dallas
NEW YORK & DALLAS--(Business Wire)--TierOne Networks, a Dallas based Wireless Internet Service
Provider (WISP), announced today that the Federal Communications
Commission Wireless Telecommunications Bureau has granted multiple
Licenses and Frequency Paths on several important links in TierOne's
broadband backbone. The 170 Mbps links to Ellis County in the
Dallas/Fort Worth market, are fully operational and enable Ellis
County residents and businesses to benefit from a backbone directly
interconnected to the Network Access Point (NAP) for the internet
which is accessible through the Telx colocation facilities located at
2323 Bryan Street in Dallas, TX. The Dallas NAP is the point at which
all 60 major carriers meet and transfer data between networks and
represents the most cost effective and reliable broadband source in
the Dallas/Fort Worth area.

Telx has been a strong partner enabling TierOne to interconnect to
an array of network operators and enterprise businesses in the
Dallas/Fort Worth area. Telx's facility provides TierOne a managed
'meet-me' point allowing them to expand their network service
offerings to the growing list of companies located in the Meet Me Room
at Bryan Street. With the addition of the FCC Licenses, this makes
TierOne the only WISP in the Dallas/Fort Worth area with an FCC
licensed backbone connected to the Telx Meet Me Room and accessible to
companies connected to or require connectivity to the Dallas NAP.
Customers will now benefit by receiving a substantial improvement in
speed, low latency, and reliability in their services.

"This represents a major milestone in our progress toward building
a Carrier-Grade Network to provide world class services," said CEO
Kevin Weaver. "This upgrade gives us the ability to replace customers
old 'wire-lined carrier' with TierOne's wireless internet, VoIP, and
value added services."

"We are honored to be a network enabler for TierOne Networks,
allowing them to grow their business in a cost effective and efficient
manner," stated Bill Kolman, Executive Vice President of Sales for
Telx. "Our goal is to provide an array of layered solutions to various
companies while providing managed cross-connections and colocation
services to enterprise businesses and network operators alike."

About TierOne Networks

TierOne Converged Networks, Inc. is a next generation wireless
internet service provider ("WISP") headquartered in Dallas, TX.
TierOne's management and technical knowledge is positioned to dominate
rural WISP markets in the southwestern U.S., with an initial focus on
DFW and Texas markets. We provide wireless broadband services to
smaller or secondary rural markets that are underserved by the
Incumbent Local Exchange Carriers ("ILECs") and cable TV operators.
The network includes a state of the art Data Center atop 2323 Bryan
Street which is the Network Access Point for all of North Texas.
TierOne's Broadband Mesh Network delivers high speed low latency
internet to underserved areas in the DFW area. In addition to growing
its business through strong organic growth, TierOne Networks is
pursuing an active acquisition strategy of WISPs to expand its
operations and to augment its organic growth initiatives.

TierOne's Commercial Office Building Solution finally offers
building owners/managers the ability to profit from the "Fourth
Utility"; at the same time offering tenants enhanced lower priced
services, high-speed bandwidth, mobility solutions, IP communications,
and maximum flexibility. Building owners/managers will also increase
the bottom line with cost savings in energy, lighting & HVAC systems,
building security & access.

About Telx

Telx is a world-class leader in providing interconnectivity
solutions through their network-neutral, network rich, colocation
facilities. With over a dozen facilities in North America, Telx offers
cost effective networking solutions for customers to seamlessly access
diverse global networks and exchange information in a secure and
reliable environment. Over 500 leading telecommunications carriers,
ISP's, content providers and enterprises rely on Telx's world-class
team to support their mission-critical global infrastructure needs and
to create a global connectivity marketplace to dramatically expand
their business growth opportunities. Telx is a privately held company
headquartered in New York City with facilities in New York, Atlanta,
Chicago, Dallas, Los Angeles, San Francisco, Santa Clara, Miami,
Phoenix, Charlotte, and Weehawken, NJ.

Telx
Ilissa Miller, 212-480-3300
Director of Marketing Communications
and Public Relations
imiller@telx.com
www.telx.com

Copyright Business Wire 2008