Terremark Honored with Governor's Entrepreneurship Award At Enterprise Florida Ceremony

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Friday, September 19, 2003; 12:00 AM

TALLAHASSEE, Fla. & MIAMI, Sep 19, 2003 (BUSINESS WIRE) -- Terremark Worldwide, Inc. (AMEX:TWW), a leading operator of integrated Tier-1 Network Access Points (NAPs) and best-in-class network services, has received the Enterprise Florida Governor's Entrepreneurship Award as a leading company that sets a standard for entrepreneurship and creativity.

The Enterprise Florida Governor's Entrepreneurship Award was presented by Governor Bush last night at a ceremony at the Governor's mansion in Tallahassee. Governor Bush recognized Terremark for diversifying Florida's economy and expanding Florida's business.

"It is appropriate to recognize those companies and organizations that are consistently creating high-value jobs, making capital investments and contributing to their communities," said Governor Bush.

"We are excited to receive this award from Governor Bush and Enterprise Florida. Terremark is committed to excellence, best-practices and the highest quality service to our customers," said Manuel D. Medina, Chairman and CEO of Terremark Worldwide, Inc. "We share this award with all of our employees, customers, directors and investors, who believe in our vision and support our entrepreneurial spirit."

The award is the fourth that Terremark has received in the past two months. Terremark was honored earlier this month by the AeA, the nation's largest technology association, as one of Florida's top technology companies. In July, Terremark's NAP of the Americas received awards for "Excellence and Leadership" as well as "High Growth Company of the Year," at ITFlorida's first annual Gala and Technology Forum.

About Enterprise Florida

Enterprise Florida, Inc. (EFI) is a partnership between Florida's business and government leaders and is the principal economic development organization for the state of Florida. Headquartered in Orlando, EFI's mission is to create and retain quality jobs and increase economic opportunities for Floridians by supporting strong and growing businesses and positioning Florida as a globally competitive business location.

About Terremark Worldwide, Inc.

Terremark Worldwide Inc. (AMEX:TWW) is a leading operator of integrated Tier-1 Network Access Points (NAPs) and best-in-class network services, creating technology marketplaces in strategic global locations. Terremark is the owner and operator of the NAP of the Americas, the 5th Tier-1 Network Access Point in the world and the model for the carrier-neutral TerreNAP(sm) Data Centers the company has in Santa Clara, California (NAP of the Americas/West), in Sao Paulo, Brazil (NAP do Brasil) and in Madrid, Spain (NAP de las Americas - Madrid). The carrier-neutral NAP of the Americas is a state-of-the-art facility that provides exchange point, collocation and managed services to carriers, Internet service providers, network service providers, government entities, multi-national enterprises and other end users. The NAP, which connects fiber networks in Latin America, Europe, Asia and Africa to those in the U.S., enables customers to freely choose among the many carriers available at the TerreNAP Centers to do business. Terremark is headquartered at 2601 S. Bayshore Drive, 9th Floor, Miami, Florida USA, (305) 856-3200. More information about Terremark Worldwide can be found at http://www.terremark.com.

Statements contained in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Terremark's actual results may differ materially from those set forth in the forward-looking statements due to a number of risks, uncertainties and other factors, as discussed in Terremark's filings with the SEC. These factors include, without limitation, Terremark's ability to obtain funding for its business plans, uncertainty in the demand for Terremark's services or products and Terremark's ability to manage its growth. Terremark does not assume any obligation to update these forward-looking statements.

SOURCE: Terremark Worldwide, Inc.

Terremark Worldwide, Inc., Miami Sandra Gonzalez-Levy, 305-860-7829 sgonzalez-levy@terremark.com Media Relations: Edelman Jim Burke, 305-358-5299 jim.burke@edelman.com Investor Relations: Strategic Growth International Richard E. Cooper/Rob Schatz, 516-829-7111 info@sgi-ir.com