The Law Firm of Levi & Korsinsky, LLP Announces Investigation of Cogent Communications Group, Inc. Cogent Communications Group, Inc.

Levi & Korsinsky, LLP announced that it is investigating Cogent Communications Group, Inc., and its Board of Directors, in connection with the Company's 2010 compensation packages for the Cogent Communications CEO and other executives. On April 27, 2011, 61% of Cogent Communications shareholders voted “no” on the Company’s say on pay provision. The investigation concerns whether certain senior officers and executives of Cogent Communications were awarded excessive salaries, bonuses, and/or other forms of compensation. The Company’s CEO earned a total compensation in 2010 of $3.99 million, including a time-vested stock award worth approximately $3.7 million. However, Cogent Communications reported a net income of only $0.67 million for that year, and reported a quarterly loss of $0.28 million for the first quarter of 2011. At the same time, long term investors in the Company's stock have watched the price of their shares decline.