PEER 1 Provides IT Infrastructure for Online Publishing Company Squarespace

VANCOUVER, BC – July 25, 2008 – PEER 1 Network Enterprises, Inc. (TSX: PIX), a leading provider of online IT infrastructure, provides scalable, high-performance IT infrastructure and co-location services for long-time customer Squarespace, which launches Version 5.0 of its online publishing software today. Squarespace is a subscription-based, friction-free solution for managing feature-rich websites and blogs all on the same platform.

PEER 1 hosts the Squarespace data center presence in New York City, providing solid connectivity and power resources. While being a PEER 1 customer, Squarespace’s business has grown by 300 percent annually for the last three years and has signed on tens of thousands of subscribing customers.

“Squarespace requires world-class hosting capabilities to maintain a reliable operation, and PEER 1 is a company of that caliber,” said Dane Atkinson, CEO of Squarespace. “We are software experts, not data center experts, so we lean on PEER 1’s expertise, dependable infrastructure and proficiency to provide us with the connectivity and power sources necessary to serve the tens of millions of hits our customer’s sites receive each day. We’ve worked with PEER 1 for over four years, and we are pleased to continue this beneficial partnership.”

Squarespace’s Version 5.0 will feature a new approach to building websites, blogs and portfolios. Version 5 places all the tools needed to design, structure and add content onto one page in order to increase the speed and efficiency of the creation process. “We fight to save our customers any needless click or wasted moment!” said Atkinson.

Serving more than 85 million page views per month, Squarespace takes pride in its reliable load balancing and clustering infrastructure. Plans range from $7 to $65 per month and are available for individuals or businesses.

“We value customers such as Squarespace for their expertise and market innovation,” said Robert Miggins, VP of Business Development for PEER 1. “We continue to see broad expansion in the web services area, since more people are learning to create and maintain an individual or business presence online. Not only do these websites need front-end developer tools and resources, but they rely on solid hosting services to sustain growth and continue providing for visitor and customer needs.”

PEER 1 is one of the only hosting companies offering all three types of web hosting services under one roof; self-managed, managed and co-location. These extensive services are supported by PEER 1’s world class, geographically diverse network, which includes 17 data centers and POPs in major cities across North America and Europe. The company’s distinctive approach has enabled PEER 1 to report 7 consecutive quarters of record profitable growth at the closing of its 3rd quarter financial results released in May. 

About PEER 1

PEER 1, a leading online IT infrastructure provider, believes in the limitless opportunity of the Internet and in the business growth and continuity it provides for its more than 10,000 customers. PEER 1 delivers highly scalable managed hosting and co-location solutions to ensure that customers’ online presence is always fast, always available. Since 1999, PEER 1 has grown to include data centers and network points of presence in 17 major cities across North America and Europe. Serving a variety of companies, PEER 1 offers solutions that grow through every stage of web commerce, regardless of company size. The company's headquarters are in Vancouver, Canada and the stock is traded on the TSX under the symbol PIX. For more information visit: http://www.peer1.com.

About Squarespace 

Located in lower Manhattan, Squarespace was created in 2003 in an effort to provide managed solutions for easy construction of efficient and elegant sites.  Since then, Squarespace has rapidly grown into a meticulously fine-tuned publishing service for building websites and creating blogs, offering a variety of subscription based packages.  Currently, Squarespace powers web experiences for over 20 million individuals each month.