PALO ALTO, California Nov. 19, 2002 /PRNewswire

The world's fastest-growing Metropolitan Gigabit Ethernet Service Provider, Neopolitan Networks, today announced their participation at PAIX.net, Inc. (PAIX) a leading carrier-neutral Internet exchange and subsidiary of Metromedia Fiber Network Inc. (MFN). Through Neopolitan's True Broadband fiber optic network, businesses can access PAIX's diverse Palo Alto peering fabric extending multiple Internet backbones directly to their enterprises. Participating at PAIX adds significant value to Neopolitan's ability to provide enterprise customers with the fastest connectivity, highest throughput and lowest latency, via Neopolitan's San Francisco Bay Area Network.

"We have extended our fiber optic network to PAIX, making them one of our core points of presence in the San Francisco Bay Area. Accordingly, we have strengthened our offering and broadened PAIX's robust peering fabric" said Frank R. Robles CEO of Neopolitan Networks, "Through our participation at PAIX we are having a tremendous, positive effect on current and future customers of our respective companies."

By providing connectivity to PAIX's participant base, Neopolitan gives their customers unprecedented opportunities to peer with additional network providers nationwide, allowing greater speed and access, while overcoming the issues surrounding technically and geographically disparate networks.

"Our Gigabit Ethernet Network, in conjunction with PAIX, is the fastest and simplest way for Enterprises to get the most out of their IT investment. At last, companies no longer have to contend with the high costs, additional staff and time spent managing heterogeneous SONET-based network connectivity. With Neopolitan Networks, there is a simple, reliable and powerful network solution that combines bandwidth, performance and IT cost containment." said Basilio Amaro, Vice President of Marketing for Neopolitan Networks.

PAIX.net, Inc., headquartered in Palo Alto, Calif., began operations in 1996 as Digital Equipment Corporation's Palo Alto Internet Exchange. Having proven itself as a vital part of the Internet infrastructure, PAIX serves as a packet switching center for ISPs and other Internet-centric customers. PAIX also offers secure, fault-tolerant co-location services to ISPs. PAIX enables its participants to form public and private peering relationships with each other and choose from multiple telecommunications carriers for circuits, all within the same facility. PAIX is a subsidiary of MFN. To ensure its neutrality, it operates as a separate entity with its own management. For additional information about PAIX call 877-PAIXnet (877-724-9638) or visit its Web site at www.paix.net.

On May 20, 2002, PAIX's parent company, Metromedia Fiber Network, Inc., and most of its domestic subsidiaries including PAIX commenced voluntary Chapter 11 cases in the United States Bankruptcy Court for the Southern District of New York.

MFN is the leading provider of digital communications infrastructure solutions. The Company combines the most extensive metropolitan area fiber network with a global optical IP network, state-of-the-art data centers, award-winning managed services and extensive peering relationships to deliver fully integrated, outsourced communications solutions to Global 2000 companies. The all-fiber infrastructure enables MFN customers to share vast amounts of information internally and externally over private networks and a global IP backbone, creating collaborative businesses that communicate at the speed of light.

PAIX.net, Inc., a subsidiary of MFN and the original neutral Internet exchange, offers secure, Class A co-location facilities where ISPs and other Internet-centric companies can form public and private peering relationships with each other, and have access to multiple telecommunications carriers for circuits within each facility.

On May 20, 2002, Metromedia Fiber Network, Inc. and most of its domestic subsidiaries commenced voluntary Chapter 11 cases in the United States Bankruptcy Court for the Southern District of New York.

For more information on MFN, please visit our Web site at www.mfn.com.

As the leading Ethernet Network Solutions Provider, Neopolitan Networks, Inc. delivers the highest performing and most cost-effective WAN and MAN communications services regionally, nationally and internationally. All these services are built upon Neopolitan's innovative architecture and complemented by a host of unique management software tools. This end-to-end Layer2 Ethernet approach allows companies to minimize set-up time and expenses. It also maximizes network flexibility and scalability-setting a new standard for performance. Neopolitan Networks is headquartered in Palo Alto, California. To learn more about our service offerings, please visit us at: www.neopolitan.com.

Press and Analyst Contact Information:

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