FiberNet Announces Agreement With Logicworks [10th April 2003]

NEW YORK, Apr 10, 2003 /PRNewswire-FirstCall via COMTEX/ -- FiberNet Telecom Group, Inc. (FTGX) , a leading provider of metropolitan optical connectivity, announced today it has completed an agreement with Logicworks, a private New York-based managed hosting provider to deliver colocation and metro Gigabit Ethernet and Fibre Channel transport services. These services extend Logicworks' network throughout New York City and New Jersey allowing Logicworks to expand its service offerings throughout the New York metro market.

Joe Leuci, Senior Vice President - Sales & Marketing of FiberNet said, "We are very pleased to be able to offer both our colocation and transport solutions to a managed hosting provider such as Logicworks, further diversifying our customer base. This is evidence that the portfolio of FiberNet services adds value across industries."

Carter Burden, Logicworks' President and CEO said, "FiberNet provides the ideal infrastructure platform for Logicworks' managed hosting services and enables new offerings, such as stretched SAN solutions, which have not previously been available in a managed hosting environment. Our partnership with FiberNet gives our customers unprecedented flexibility in selecting diverse locations for their managed dedicated servers, which is highly desirable for both disaster recovery and compliance-driven data warehousing needs. Logicworks' outsourced solutions provide customers with a level of reliability, security, and manageability that would be either impossible or prohibitively expensive for them to replicate on their own."

About FiberNet

FiberNet Telecom Group, Inc. deploys, owns and operates fiber-optic networks designed to provide comprehensive broadband connectivity to other telecommunications service providers for their data, voice and video transmissions. The Company's networks provide an advanced, high bandwidth, fiber-optic solution to support the demand for network capacity and to facilitate the interconnection of multiple carriers' networks. FiberNet's primary business is to provide optical and electrical broadband circuits within and between carrier hotels, which are industrial buildings where service providers house their communications equipment to exchange and route communications traffic. The Company's networks support multiple domestic and international transmission protocols including synchronous optical network, or SONET, synchronous digital hierarchy, or SDH, Ethernet, and Internet Protocol, or IP, and can deliver broadband connections with bandwidth ranging from 1.5 megabits per second to 10.0 gigabits per second, as well as optical wavelengths. FiberNet currently operates primarily in the two gateway markets of New York and Los Angeles, focusing its services in the local loop of major metropolitan areas. For more information on FiberNet, please visit the Company's website at www.ftgx.com.

About Logicworks

Logicworks provides managed dedicated server hosting solutions for a diverse international client base. Logicworks proactively manages hardware, configurations, security, and operating systems for clients and specializes in large, complex, high-traffic hosting solutions. Logicworks also offers complementary managed services, including high-density storage, managed firewalls, e-mail journaling and vaulting, Virtual Private Networks, and Website traffic analysis. For more information on Logicworks, please visit the Company's website at www.logicworks.net or contact Gregg Kitaeff at (212) 625-5337.

Various remarks that we may make about the Company's future expectations, plans and prospects constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Such remarks are valid only as of today, and we disclaim any obligation to update this information. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors, including those discussed in the Company 's most recent Annual Report on Form 10-K, which is on file with the Securities and Exchange Commission.

SOURCE FiberNet Telecom Group, Inc.

Joe Leuci, Senior Vice President - Sales & Marketing of
FiberNet Telecom Group, Inc., +1-516-542-3665, or +1-212-405-6204,
Joe.Leuci@ftgx.com