Day Trading Solutions

DSL.net Announces New and Extended Agreements

Multi-lines Expected to Generate Additional Revenue, Improve Margin

NEW HAVEN, Conn.--(BUSINESS WIRE)--Aug. 3, 2004--DSL.net, Inc. (NASDAQ: DSLNC), a leading nationwide provider of broadband communications services to businesses, said today that it has recently signed significant new multi-line agreements with key business customers and expanded an existing relationship with a national construction firm.
The transactions involve the following:

-- Signed an agreement with New Jersey-based Children's Aid and Family Services to provide high-speed data communications services to 10 locations. Children's Aid and Family Services was founded in 1899 and is one of the largest, regional not-for-profit human services organizations serving children, families and communities throughout northern New Jersey.

-- Signed an agreement with a Northeast furniture warehouse company to provide DSL.net's NETlink VPN (virtual private network) service for reliable, secure connectivity between its corporate headquarters, distribution center and nearly 30 store locations in half a dozen states. NETlink VPN provides a secure, reliable and cost-effective private network solution compared to the deployment of traditional network architectures.

-- Added 20 high-speed data lines in eight states over the last few months to provide broadband communications services to one of the country's oldest and most successful private construction companies. The new locations bring the total number of company business offices and construction sites currently serviced by DSL.net to more than 100 lines.

-- Reached agreement with a Midwest-based global manufacturer and distributor of specialty medical products, to provide business-class SDSL and fractional T-1 broadband access to nearly 30 sites in more than a dozen states.

"These new agreements provide us with customers that are among the leaders in their categories, while the expansion and extension of an existing agreement continues to solidify our customer base and provide us with ongoing strong recurring revenue," said Keith Markley, president and chief operating officer of DSL.net. "The addition of fractional and full T-1 lines under some of these agreements, as well as a new VPN customer, underscores our continued progress in selling higher-margin services that result in new revenue streams and improved margins."

About DSL.net

DSL.net, Inc. is a leading nationwide provider of broadband communications services to businesses. The Company combines its own facilities, nationwide network infrastructure and Internet Service Provider (ISP) capabilities to provide high-speed Internet access, private network solutions and value-added services directly to small- and medium-sized businesses or larger enterprises looking to connect multiple locations. DSL.net product offerings include T-1, DS-3 and business-class DSL services, virtual private networks (VPNs), frame relay, Web hosting, DNS management, enhanced e-mail, online data backup and recovery services, firewalls and nationwide dial-up services, as well as integrated voice and data offerings in select markets. For more information, visit www.dsl.net, e-mail info@dsl.net or call 1-877-DSL-NET1 (1-877-375-6381).

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are subject to a variety of risks and uncertainties, many of which are beyond DSL.net's control, which could cause actual results to differ materially from those contemplated in these forward-looking statements. In particular, the risks and uncertainties include, among other things, (i) DSL.net's unproven business model, which may not be successful; (ii) DSL.net's ability to execute its business plan in a timely manner to generate sufficient revenue, contain certain discretionary spending or achieve certain other business plan objectives; (iii) regulatory, legislative and judicial developments, which could adversely affect the way DSL.net operates its business; (iv) competition; and (v) DSL.net's dependence on wholesale providers to provide it with local DSL and T-1 facilities in areas where it has not deployed its own equipment. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. DSL.net undertakes no obligation, and disclaims any obligation, to update or revise the information contained in this press release, whether as a result of new information, future events or circumstances or otherwise. For additional information regarding these and other risks faced by DSL.net, see the disclosure contained under "Risk Factors'' in DSL.net's Annual Report on Form 10-K for the year ended December 31, 2003, which has been filed with the Securities and Exchange Commission.

DSL.net is a trademark of DSL.net, Inc. Other company names may be trademarks of their respective owners.

Contacts


DSL.net, Inc.
Media:
Joe Tomkowicz, 203-782-3885
jtomkowicz@dsl.net
or
Investors:
Bob DeSantis, 203-782-3267
investors@dsl.net

[ Comment, Edit or Article Submission ]