Terremark Announces New Customers and Expansions of Existing Customers At NAP Of the Americas; Increased Peering Traffic Continues to Attract Content Providers

HostReview.com
Thursday, May 27, 2004; 12:00 AM

MIAMI--(BUSINESS WIRE)--May 27, 2004--Terremark Worldwide, Inc. (AMEX:TWW), a leading operator of integrated Tier-1 Network Access Points (NAPs) and best-in-class network services, announced today that it has signed contracts with new customers and existing customers to expand their relationship with the NAP of the Americas. The new customers include Akamai, ICE (Instituto Costaricense de Electricidad), MetroRed Mexico and Telemar.

Akamai(R) is a global leader in distributed computing solutions and services, headquartered in Cambridge, Massachusetts. Akamai's deployment at the NAP of the Americas will enhance their content distribution peering. ICE (Instituto Costaricense de Electricidad), the telecommunications incumbent in Costa Rica, MetroRED Mexico, a leading facilities based metropolitan telecom provider serving more than 300 of Mexico City's top business complexes, and Telemar, the telecommunications incumbent in Northern Brazil, each will use the NAP of the Americas as its international connectivity gateway to the rest of the world.

These new customers join the virtual marketplace of carriers, enterprises, public entities and other service providers who use Terremark's NAP of the Americas to do business with their customers and each other in a facility that offers the level of security, reliability and neutral connectivity demanded by the industry. The NAP of the Americas currently has over 155 customers deployed in its facility.

Among the existing customers that have contracted for additional services and not requested that their expansion be treated as confidential are Comsat Argentina, Diveo, Emergia, Global Crossing, Hostopia and Navega.com. A representative list of all TWW customers can be found on www.terremark.com.

"These new contracts with multinational entities, including carriers and content delivery providers, continue to validate the uniqueness of our business model," said Manuel D. Medina, Chairman and CEO of Terremark Worldwide, Inc. "We are delighted that companies like Akamai, Telemar and others continue to make the NAP of the Americas their connectivity point of choice."

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 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.

CONTACT: Terremark Worldwide, Inc., Miami Sandra Gonzalez-Levy, 305-860-7829 sgonzalez-levy@terremark.com or Investor Relations: RCG Capital Markets Group, Inc. Joe Diaz, 480-675-0400 info@sgi-ir.com or Media Relations: Edelman Public Relations Worldwide Jim Burke 321-722-9788 jim.burke@edelman.com SOURCE: Terremark Worldwide, Inc.