Trial ahead in telecom lawsuit

Switch & Data Facilities named defendant in $5 million suit.

TAMPA -- A locally headquartered telecom company seems to have its wires crossed with its landlords.

In Florida, Switch & Data Facilities Co. is facing a lawsuit accusing the company of breaching contracts and committing fraud by using undercapitalized shell companies to secure a 10-year lease worth $6 million.

TAMPA BAY BUSINESS JOURNAL
EXCLUSIVE REPORTS
From the May 21, 2004 print edition

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RAGINGWIRE EXPERIENCES STRONG REVENUE GROWTH

SACRAMENTO, California (May 26, 2004) – RagingWire Enterprise Solutions, Inc., a leading provider of fully hosted managed services and world-class information technology (IT) infrastructure solutions, today announced that annual revenues for fiscal year 2004 increased by 67 percent. The Sacramento-based IT outsourcing company also reported an annual increase of 105 percent to its client base, which consists primarily of large, data-intensive and Fortune 1000 enterprise companies such as Pacific Coast Companies, Inc., Photronics, Inc. (NASDAQ: PLAB), and Hitachi Data Systems, a wholly owned subsidiary of Hitachi, Ltd. (NYSE: HIT).

“We are encouraged by the strong financial performance and exceptional growth that RagingWire continues to demonstrate in the market place,” said George Macricostas, CEO of RagingWire. “Our unique offering of managed services and quality customer service leaves RagingWire well positioned to experience greater business growth in the future.”

April 2004 marked RagingWire’s third anniversary in operations. Over the past three years, the company has achieved sustainable free-cash-flow and built a solid track record of signing multiyear contracts with large, data-intensive enterprise companies. Additionally, RagingWire has maintained a perfect record of 100 percent uptime. To date, the company has provided more than 1,150 continuous days of uninterrupted infrastructure and IP networking services to its customers. As a result of its continued success, RagingWire has established itself as a preeminent player in the IT outsourcing industry.

“RagingWire has shown tremendous resilience in a tough economic climate,” said Dave Roberson, president and COO of Hitachi Data Systems. “Much of that can be attributed to a dedicated and committed management team that has fully aligned RagingWire’s custom IT solutions to meet the growing demand of enterprise companies.”

About RagingWire

RagingWire Enterprise Solutions, Inc. provides highly custom and flexible managed services and world-class IT infrastructure solutions that accommodate the business needs of large, data-intensive enterprise companies. RagingWire operates a reliable and secure Enterprise Data CenterSM facility that offers “five nines” (99.999%) availability and highly scalable power and cooling in conjunction with managed IT solutions that maintain FORTUNE 1000 companies’ mission-critical, back-office IT systems and applications. RagingWire enables its clients to reduce their operating costs, speed time to market, and focus on their core competencies. For more information about RagingWire, access www.ragingwire.com.

151 FRONT ST. WEST, INTERNATIONAL CARRIER HOTEL AND DATA CENTRE, NAMES BILL HENNEBERRY GENERAL MANAGER

Toronto, ON, May 28, 2004—Northam Realty Advisors Limited announced that Bill Henneberry has been named General Manager of 151 Front Street West, the International Carrier Hotel and Data Centre. Henneberry joined the property in 2004 and is replacing Kristen M. Ede, who served as General Manager since 1998. Ede recently received an MBA from Queen’s University in Kingston and is currently traveling and examining her career options.

"Kristen Ede made a major contribution to the building's development and we wish her all the success in the future with her MBA," said Henneberry.

"The 151 Front St. West Management Team combines technical savvy, building management expertise and network and infrastructure experience unparalleled in the industry," added Craig S. Walters, Northam Senior Vice President. "We look forward to Bill's contribution to the growth and development of this important high tech property." Henneberry will be leading an effort to demonstrate to the data centre community the cost advantages of locating in a premier-class carrier hotel such as 151 Front. "Our business case clearly demonstrates that when telecom costs are factored in, there are substantial savings to send and receive data in mission-critical locations," Henneberry commented.

Henneberry has been involved in Telecommunications and Information technology for more than 20 years, including 14 years with Bell Canada in a variety of positions. Most recently, he has focussed on data centers and telecommunications center build-outs as a Senior Consultant throughout the US and Canada. In conjunction with numerous vendors, he has delivered and implemented state of the art sites, including service assurance practices, network-monitoring tools, reporting capabilities, scalability, redundancy and overall disaster recovery plans. With his vast network background and Project Management Skills, Henneberry’s projects maintain a global view to integrate national and international networks and/or data centers. He holds a Bachelor of Science in Engineering from Stony Brook University in New York and has been affiliated with the Project Management Institute (PMI) for many years.

About 151 Front Street West

151 Front Street West acts as a primary North American communications hub for telecommunications carriers and data storage firms from around the globe. 151 is an essential connection point for corporate data networks, local and long distance telephony, Internet peering, and critical data storage facilities. The building has been designed to accommodate the highest standards of security, reliability and connectivity. 151 Front Street West is owned by an investment partnership managed by Northam Realty Advisors Limited.

For further information,
151 Management Team, Northam Realty Advisors Limited
Tel: 416-365-0804 Fax: 416 -365-9693
E-mail: 151FrontStreet@northamrealty.com

Media Contact: Richard Rotman, WhatIfWhatNext™
Tel: 416-483-5357 Fax: 416-483-5439
E-mail: rrotman@whatifwhatnext.com

International Carrier Hotel and Data CentreS 151 FrONT STREET WEST Toronto and Los Angeles’ One Wilshire Announce Co-Marketing Alliance.

Toronto, ON, May 13, 2004-151 Front Street West, the International Carrier Hotel and Data Centre, announced today a co-marketing alliance with One Wilshire, a similar facility located in Los Angeles, with the two properties joining forces to conduct joint marketing efforts in the Telecom and Enterprise Data centre markets. The announcement was made at 151 Front's 1st Annual Networking Exchange Toronto (NE TO) in which some 70 telecom-related companies gathered for the first time in Toronto to network and develop business relationships.

The initial joint marketing campaign will include a joint newsletter, "Webinars," Web site and PR program.

151 Front Street West, owned by an investment partnership managed by Northam Realty Advisors Limited, is home to more than 150 telecommunications companies; it is one of North America's most connected buildings with nine unique fibre-optic networks, 25 diverse entrances, and more than 7,000 strands of fibre.

"Because there is a natural affinity between the two buildings it was natural for an alliance to emerge," said Bill Henneberry, 151's General Manager in his remarks at the NE TO event. "We are excited by the bi-costal coverage enabling us to reach a market we both serve. The possibilities for collaboration in a global market are excellent."

A 656,300 square-foot, 30-story office tower located in the heart of downtown Los Angeles, the One Wilshire Building has been a long-standing landmark in the Los Angeles skyline for more than two decades. The Building has emerged as the single most important point of connectivity in the Western United States. More than 220 carriers currently lease space at One Wilshire, including AT&T, Cable & Wireless, Global Crossing, Level (3), MCI WorldCom, Pac West, Qwest, Sprint, Verizon and XO Communications.

"Both properties will continue to provide unparalleled service and efficiency to the sectors they collectively serve," said Timothy Doherty, Managing Director of One Wilshire's management company CRGWest.