Exhibit 99.1 Press Release
FOR IMMEDIATE RELEASE
CONTACT:
Bob Bannon Jennifer Haas
Director, Investor Relations Communications Coordinator
Net2000 Communications, Inc. Net2000 Communications, Inc.
703-654-2000 703-654-2000
[email protected] [email protected]
Net2000 Acquisition of Frebon International Corporation Completed
High-End Video Applications Added to Net2000 Bundle of Services
Herndon, VA (July 10, 2000) –– Net2000 Communications, Inc. (Nasdaq: NTKK), an innovative provider of integrated
broadband telecommunications services to medium and large
businesses, today announced it closed on the acquisition of FreBon International
Corporation (FreBon), a privately-held provider of interactive video services
headquartered in McLean, Virginia, on Friday, July 7.
About Net2000 Communications, Inc.:
Net2000 is an innovative provider of broadband data and voice
telecommunications services to businesses across the United States. Net2000
provides premium quality local, long distance, data, voice and Internet access
services delivered over a single broadband connection and billed on a single
invoice. Net2000 currently operates sales offices in Boston, Providence, New
York City, Long Island, Northern New Jersey, Baltimore, Herndon, Richmond and
Virginia Beach.
For more information about Net2000 Communications, Inc., please visit www.net2000.com or call 800-825-2000. For
Investor Relations, contact Bob Bannon at 703-654-2222 or [email protected].
About FreBon International Corporation
FreBon is an Inc. 500 corporation and a preeminent leader in the
network integration of voice, video, data and Internet-based technologies for
commercial, healthcare, legal, educational and insurance markets both
domestically and internationally. For more information on FreBon’s services
and capabilities, visit its web site at www.frebon.com.
Under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Net2000 cautions
investors that any forward-looking statements or projections
made by the company, including those that may be made in this press release, are
based on management’s expectations at the time they are made, but they are
subject to risks and uncertainties that may cause actual results to differ
materially from those projected. Net2000‘s future results may be impacted
by factors such as technological changes, market acceptance of the
company’s existing and new services, Net2000‘s ability to continue to
expand and fund its network, Net2000‘s ability to successfully integrate
its acquisition of FreBon International Corporation, general economic
conditions, regulatory and legislative developments, and competitive market
pressures. Net2000‘s future results also may be impacted by other risk
factors listed in its registration statement dated March 6, 2000 and periodic
reports filed with the Securities and Exchange Commission. By making these
forward-looking statements, Net2000 undertakes no obligation or intention to
update these statements.
