Chicago, November 2, 2010 – Neutral Tandem, Inc. (NASDAQ:TNDM, news, filings), a leading provider of global interconnection services, today announced the participation of Business Only Broadband (BOB) in its Ethernet Exchange. Surendra Saboo, President and COO at Neutral Tandem stated, “We’re excited to have BOB join our exchange as the first fixed broadband wireless Ethernet service provider. Since we’re also a customer of BOB, we have experienced the value of their solution first hand.”
BOB provides scalable Ethernet services throughout the Chicagoland and New York City Metro areas. “We are uniquely positioned to offer extended reach, quick installation, and network diversity for customers that have immediate and mission critical networking needs. The Ethernet Exchange allows us to better serve our customers while giving the other exchange participants the opportunity to take full advantage of our flexibility, network diversity and speed to market,” said Alan Rosenberg, CEO of BOB.
Neutral Tandem’s Ethernet Exchange provides Ethernet service providers with a more efficient and simplified method of interconnecting on a one-to-many basis. Utilizing Neutral Tandem’s Ethernet Exchange service solves the complex technical and business challenges traditionally tied to interconnecting to multiple service providers on a one-on-one basis. In addition, Ethernet service providers can virtually connect to multiple access providers in several markets through a single connection to the Neutral Tandem Ethernet Exchange.
Cautions Concerning Forward Looking Statements
This press release contains forward-looking statements that involve substantial risks and uncertainties. All statements, other than statements of historical fact, included in this press release regarding Neutral Tandem’s strategy, future operations, future financial position, future revenues, projected costs, prospects, plans and objectives of management are forward-looking statements. The words “anticipates,” “believes,” “expects,” “estimates,” “projects,” “plans,” “intends,” “may,” “will,” “would,” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Neutral Tandem may not actually achieve the plans, intentions or expectations disclosed in its forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements Neutral Tandem makes. Factors that might cause such differences include, but are not limited to: risks associated with our ability to successfully develop and market Ethernet Exchange or ethernet services, including but not limited to identifying, obtaining, operating and maintaining attractive network switch sites, equipment, software and business support systems, such as our Ethernet Exchange web portal, the risk that our business and the Tinet business will not be integrated successfully, cost estimation errors or overruns, interconnection delays, material delays or shortages, our inability to obtain and maintain necessary third party rights or permits on a timely basis, if at all, and other factors, including the impact of regulation, many of which are beyond our control and all of which could delay or negatively affect our ability to offer or market this new service; and other important factors included in Neutral Tandem’s reports filed with the Securities and Exchange Commission, particularly in the “Risk Factors” section of Neutral Tandem’s Annual Report on Form 10-K for the period ended December 31, 2009 and Quarterly Reports on Form 10-Q for the quarters ended March 31, 2010 and June 30, 2010, as such Risk Factors may be updated from time to time in subsequent reports. Neutral Tandem does not assume any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
About Neutral Tandem
Headquartered in Chicago, Neutral Tandem, Inc. provides voice, data and video interconnection services worldwide. Neutral Tandem recently acquired Tinet, a global carrier exclusively committed to the IP Transit and Ethernet wholesale market. The acquisition combines Neutral Tandem’s interconnection services for wireless, wireline, cable and broadband companies with Tinet’s global IP backbone. Together with Tinet, Neutral Tandem provides voice, IP Transit and Ethernet solutions to carriers, service providers, and content management firms worldwide. Operating 14 Ethernet Exchanges, the company is now the largest Ethernet Exchange provider in the U.S., a top 10 global IPv4 backbone provider and the number one IPv6 network worldwide. Please visit Neutral Tandem’s website at: www.neutraltandem.com and follow us on Twitter @NeutralTandem. Please also visit Tinet’s website at: www.tinet.net.
About Business Only Broadband,
Headquartered in Westmont, Illinois Business Only Broadband provides Carrier Class Metro Ethernet Fixed Wireless Network Solutions to the Hospitality, Enterprise, Healthcare, Education and Government Sectors in Chicago and NYC. BOB’s networks are 100% diverse from the embedded Telco infrastructure and are the largest fixed wireless broadband networks in its markets. Please visit BOB’s website at www.bobbroadband.com
Jaymie Scotto & Associates
Neutral Tandem, Inc.