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FOR IMMEDIATE RELEASE: CONTACT:
July 31, 2000 InterNAP Contacts:
Media Relations
Bill Hankes
InterNAP Network Services
(206) 262-3737
[email protected]
Investor Relations
Paul Mondschein
InterNAP Network Services
206 504-5487
[email protected]
INTERNAP COMPLETES ACQUISITION OF VPNX.COM
SEATTLE, WA, JULY 31, 2000- InterNAP Network Services Corporation (NASDAQ:
INAP) today announced that it has completed the acquisition of VPNX.com, Inc.
of Redwood City, CA. On July 6, 2000, InterNAP announced a definitive
agreement to acquire VPNX.com, a provider of virtual private network
services. This acquisition is being accounted for using purchase accounting.
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ABOUT INTERNAP
Founded in 1996 in Seattle, InterNAP provides Internet connectivity that is
faster and more reliable than conventional Internet service. InterNAP's
patented route management technology provides direct data transmission across
the major Internet backbones through a single connection from a customer's
network to one of InterNAP's P-NAP facilities. InterNAP's customers bypass
congestion points on the Internet, avoiding packet loss, latency, and other
difficulties that can plague conventional Internet connectivity. InterNAP
services are currently available in numerous key markets throughout the
United States including Atlanta, Chicago, Los Angeles, New York, San Jose,
and Seattle. Major companies and networks served by InterNAP include
Amazon.com, Datek Online, Go2Net, ITXC, Travelocity, The NASDAQ,
TheStreet.com, WebTV, and many others. InterNAP-Registered Trademark- and
P-NAP-Registered Trademark- are registered trademarks of InterNAP. For more
information, visit www.InterNAP.com.
