David A. Buckel, Chief Financial Officer and Andrew S. Albrecht, Vice President of Corporate Development and Investor Relations for Internap, offered an overview of the company’s business model and its suite of technology solutions for the end-to-end delivery of web-based applications. These include premium IP connectivity, colocation, route control products and streaming services. The company will also discuss how it enables the global distribution of content, as well as Internap’s value-added services that can help turn rich media assets into revenue through targeted online advertising and/or subscription-based models.

According to the company, it offers one of the industry`s strongest, most comprehensive portfolio -- all backed by the only 100% uptime guarantee, and world-class technical support.

Internap also recently announced network upgrades and continued colocation growth to support these customer requirements and is recognized as the industry leader in performance network services. VitalStream is the solution of choice for over 800 enterprise customers and its development and support capabilities for Adobe Flash and Windows Media customer implementations set it apart in the industry. By introducing VitalStream`s capabilities to Internap`s customer base, the potential exists to create a new market leader in the content delivery arena.

Internap sees several immediate opportunities for growth:

Product cross-sell. Cross-selling products between the respective companies` customer bases
Geographic penetration. Leveraging Internap`s industry leading performance network services and significant network footprint, in particular, Internap`s well established presence in the United States, Europe and Asia, will address a growing opportunity across VitalStream`s customer base and offer a global content delivery solution for Internap`s customers.
Thomas Weisel Partners is an investment bank specializing in the growth sectors of the economy including the technology, healthcare and consumer sectors. Our value-added Investment Banking, Institutional Brokerage, and Equity Research groups focus on servicing U.S. and international emerging growth companies and institutional investors. Thomas Weisel Asset Management includes three private equity investment funds and a distribution management service for private equity and venture capital funds.

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Performed by a major public accounting and auditing firm, the SAS 70 is an independent report on the design of ServePath`s business processes. John Keagy, President of ServePath remarked, "ServePath obtained the SAS 70 report to demonstrate to regulated and security conscious companies that we have internal controls and procedures related to our data center operations and services. The SAS 70 Type II report is valuable to our customers because they can provide it to their clientele as required to prove the security of their data."

The SAS 70 Type II report shows that ServePath`s description of certain relevant controls over information technology related to its San Francisco data center and hosting operations is fairly presented and that such controls have been suitably designed to achieve their specified control objectives. ServePath`s controls description is broader in scope than many other leading colocation providers. In addition to the physical security measures covered in a typical colocation facility, ServePath`s report covers a gamut of information security, network performance, network monitoring, data back-up, disaster recovery, and other controls such as Service Level Agreements.

ServePath is a dedicated server and managed hosting specialist, providing custom services to businesses that need powerful Internet hosting platforms. Its new 10,000% Guaranteed Service Level Agreement is unique in the web hosting industry, promising specific levels of network performance and 100% uptime with a 100x guarantee. ServePath also provides colocation services through its ColoServe division. The employee-owned company has been in business for five years and operates its own San Francisco data center.

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Level 3 Communications, Inc. entered into a Supplemental Indenture (the "Supplemental Indenture") amending the Indenture, between Level 3 and The Bank of New York, as Trustee, relating to the Notes (the "10 3/4% Note Indenture"). The Supplemental Indenture was entered into by Level 3 and The Bank of New York, as Trustee. The Supplemental Indenture amends the 10 3/4% Note Indenture to eliminate substantially all of the covenants and certain events of default and related provisions contained in the Indenture.

The tender offer for the 10 3/4% Notes (the "10 3/4% Tender Offer") is scheduled to expire at 12:01 a.m., New York City time, on March 20, 2007 (the "Expiration Date"). Notes tendered in the 10 3/4% Tender Offer after the Consent Time, but prior to the Expiration Date will not receive a consent payment. Notes tendered in the 10 3/4% Tender Offer on or prior to the Consent Time may no longer be withdrawn.

Level 3 also announced that, as part of its previously announced tender offer (the "11.5% Tender Offer" and, together with the 10 3/4% Tender Offer, the "Tender Offers") to purchase for cash any and all of its outstanding 11.5% Senior Notes due 2010 (the "11.5% Notes"), as of the Consent Time, Level 3 had received valid consents from the holders of substantially all of the outstanding 11.5% Notes (the "Requisite Consents") to amend the indenture relating to the 11.5% Notes (the "11.5% Note Indenture") to eliminate substantially all of the covenants and certain events of default and related provisions contained in the 11.5% Note Indenture (the "Amendment"). As of the Consent Time, holders of 11.5% Notes representing approximately 97% of the aggregate principal amount of the outstanding 11.5% Notes had consented to the Amendment.

The 11.5% Tender Offer is scheduled to expire on March 20, 2007, the Expiration Date. Notes tendered in the 11.5% Tender Offer after the Consent Time, but prior to the Expiration Date will not receive a consent payment. Notes tendered on or prior to the Consent Time may not be withdrawn, and consents submitted on or prior to the Consent Time may not be revoked. The settlement date for 11.5% Notes tendered in the 11.5% Tender Offer on or prior to the Consent Time is scheduled to be March 13, 2007, or such other date as Level 3 shall notify holders of the 11.5% Notes.

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