PALO ALTO, California, June 27th, 2007— Neopolitan Networks, a leading Ethernet network service provider, today announced it has secured $3.17 million in its first round of venture capital financing. Closing in May 2006, the Series A financing was co-lead by Topspin Partners and OakStone Ventures. The funding will help fuel the continued growth of Neopolitan, help in launching new service offerings and opening additional markets.

Founded by the original innovator of Metro Ethernet, Frank R. Robles; Neopolitan Networks delivers the most robust and cost effective WAN and MAN communications services regionally, nationally and globally. These services are built upon Neopolitan's innovative architecture and complemented by a host of unique management software tools. This approach allows companies to minimize risk, time to market and expenses while maximizing network flexibility and scalability. For more information on Neopolitan Networks, please visit: www.neopolitan.com.

According to Infonetics, a Campbell, CA-based market research and consulting firm, the worldwide Ethernet services market is expected to grow 280% from $5.9 billion in 2005 to $22.5 billion by 2009. "Neopolitan is poised to take advantage of this growth opportunity," said Steve Winick of Topspin Partners. "The company has the potential to capture a significant portion of this marketplace through their network services and value-added custom enterprise programs," he continued.

Frank Giuliano, Principal at Topspin Partners and Peter Kaminski, General Partner of OakStone Ventures have joined Neopolitan's Board of Directors. Frank Giuliano is also a Director of Game Trust, DRC, and RockSolid and represents Topspin on the boards of Security First, WhiteNoise Systems and Open Access. Peter Kaminski has over 23 years of experience in information and communication technologies. As a pioneer in internet services, Kaminski founded Social Text, Yipes Communications, NanoSpace, NETCOM Online, and PDIAL.

Neopolitan Networks has created the most elegant and cost-effective solutions for delivering data communications. It's network is engineered to bring simplicity and optimization to Internet enabled businesses around the world. This approach allows customers to quickly and easily derive maximum returns in terms of time saved, network flexibility and budget management setting a new standard for performance. Neopolitan Networks is headquartered in Palo Alto, California. To learn more about service offerings, please visit us at: www.neopolitan.com.

Press and Analyst Contact Information:
Public Relations
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