PEER 1 Network Enterprises, Inc.
TSX VENTURE : PIX

PEER 1 Network Enterprises, Inc.

September 10, 2007 17:41 ET

PEER 1 Announces Executive Role Changes

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 10, 2007) - PEER 1 Network Enterprises, Inc. (TSX VENTURE:PIX) today announced several changes of roles for members of the company's executive team.

Lance Tracey, co-founder and chief executive officer of PEER 1, has announced that he is stepping down from his role as CEO. Effective immediately, Mr. Tracey will assume his new role as executive chairman of PEER 1's board of directors.

Fabio M. Banducci has been appointed the company's new CEO in addition to his existing role as president of PEER 1.

Gary Sherlock, PEER 1's chief financial officer, has been promoted to the role of executive vice president in addition to his CFO responsibilities.

"These executive role changes highlight the natural evolution of PEER 1," said Mr. Tracey. "Fabio and Gary have done an admirable job of building a new management team. Their leadership has resulted in the successful turnaround of the Interland acquisition and transformation of PEER 1's operational and financial condition to their strongest levels in company history. PEER 1 is very well positioned for continued growth under their stewardship."

About PEER 1:

PEER 1 is a leading Internet infrastructure provider delivering highly scalable hosting and co-location solutions to ensure a client's online presence is fast performing and available 100% of the time. Since its inception in 1999, the company has grown to include data centers and network points of presence in 17 major cities across North America and Europe, all connected by PEER 1's world class Internet network. PEER 1 serves a variety of small- and medium-sized businesses including emerging technology companies, hosting providers, online gaming providers, Internet phone (VoIP) companies, and professional services organizations. The company's headquarters are in Vancouver, Canada and the stock is traded on the TSX Venture exchange under the symbol PIX. For more information visit http://www.peer1.com.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • PEER 1
    Katie Wilson
    Communications
    1-866-683-7747
    or
    PEER 1
    Gary Sherlock
    EVP & CFO
    1-866-683-7747
    Website: www.peer1.com