PEER 1 Network Enterprises, Inc.
TSX VENTURE : PIX

PEER 1 Network Enterprises, Inc.

March 21, 2006 19:11 ET

PEER 1 Announces Management Change

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 21, 2006) - PEER 1 Network Enterprises, Inc. (TSX VENTURE:PIX), a leading provider of Internet infrastructure, today announced that James P. Taylor has tendered his resignation, effective March 31, 2006, from his position as the company's Chief Financial Officer.

The board of directors thanks Mr. Taylor for his contributions to the success of PEER 1 during the almost five years he devoted to the company, and wishes him the best of luck in his future endeavours.

PEER 1 is pleased to announce the appointment of Gary N Sherlock as PEER 1's new Chief Financial Officer, effective April 1, 2006. Mr. Sherlock comes to PEER 1 after 14 years at BC Hydro, where his latest role was as the Director of Finance, Distribution Line of Business. Mr. Sherlock is a Chartered Accountant and Certified Management Accountant with 20 years of experience in executive positions in both corporate and operational roles in a multi-billion dollar environment.

"We are pleased that Gary has agreed to join the PEER 1 team," said Lance Tracey, PEER 1's President and CEO. "He will be an excellent addition to the senior management team, and we look forward to benefiting from his expertise."

Mr. Taylor has agreed to stay on until April 30, 2006 full-time, and for 60 days thereafter on an as-needed basis to assist with the transition.

About PEER 1:

PEER 1, a leading Internet infrastructure provider, delivers client-centric solutions that ensure customers' online presence is available 100% of the time. From Internet network and co-location to dedicated hosting, PEER 1 has a solution to meet the online needs of companies of all sizes. Since its inception in 1999, the company has grown to include data centers and network points of presence in 16 major cities across North America and Europe, all connected by PEER 1's world class Internet network. PEER 1 serves a variety of customers including hosting providers, online gaming companies, Internet phone (VoIP) companies and many small and medium sized businesses. 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 Network Enterprises, Inc.
    Katie Wilson
    Director of Communications
    1-866-683-7747
    kwilson@peer1.com
    or
    PEER 1 Network Enterprises, Inc.
    Lance Tracey
    President & CEO
    1-866-683-7747
    www.peer1.com