PEER 1 Network Enterprises, Inc.
TSX VENTURE : PIX

PEER 1 Network Enterprises, Inc.

October 18, 2005 08:45 ET

Peer 1 Network Goes Hollywood with New State-of-the-Art Data Center

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 18, 2005) - Peer 1 Network Enterprises, Inc. (TSX VENTURE:PIX) -

Rapidly Expanding Company Moves in to Digital Realty Trust Internet Gateway in Los Angeles

Peer 1 Network Enterprises, Inc., a worldwide IP network infrastructure provider, announced today the company has established a 25,000-square-foot data center in Los Angeles, California to better serve the city's thriving online entertainment and gaming industries. Digital Realty Trust (www.digitalrealtytrust.com) owns and manages the building in which the data center is housed.

The new location strengthens Peer 1's ability to deliver online peace-of-mind solutions to companies based in and around Los Angeles or requiring a presence in the area. Effective immediately, businesses ranging from entertainment and gaming, to VoIP and hosting will be able to protect their server investment, achieve 100% total business continuity and increase their web audience satisfaction with high performance, uninterrupted Internet connectivity through Peer 1's new Los Angeles facility. ServerBeach Ltd, Peer 1's self-managed dedicated server business unit will become a tenant immediately.

The state-of-the-art facility is located in the epicenter of Los Angeles' downtown telecom core. Geoff Hampson, Peer 1's president and CEO states, "There is no doubt that Digital Realty Trust is providing us with a superior facility with multiple layers of infrastructure redundancy. The space has excellent fiber connections to all the major carrier hotels in Los Angeles and this, in combination with the superior infrastructure, ensures that Peer 1 customers will receive the full 100% uptime guarantee that we provide in all of our facilities."

Timothy Doherty, Peer 1's vice-president of business development based in Los Angeles said, "Fully built out data centers in major metropolitan areas are becoming scarce as the outsourcing model has continued to gain market share and built capacity is absorbed. We were fortunate to be able to establish this datacenter in a world-class facility in such a location, considered a hub of so many Internet-dependent industries."

This growth was financed by the private placement previously announced in a news release dated July 20th, 2005.

About Peer 1 Network

Peer 1 Network, the first Internet infrastructure provider to offer a 100% uptime guarantee, delivers online peace-of-mind solutions that enable companies to protect their server investment, achieve 100% total business continuity and increase their web audience satisfaction with high performance, uninterrupted Internet connectivity. Companies can colocate their servers securely in any Peer 1 data center across North America and Europe, and/or connect to Peer 1's fully redundant IP network which is engineered to handle large volumes of data traffic quickly and easily. Since its inception in 1999, the company has grown to 12 state-of-the-art data centers and 17 points of presence across North America and Europe, all connected by Peer 1's world class IP network. The company's headquarters are located in Vancouver, Canada and the stock is traded on the TSX Venture exchange under the symbol PIX. In 2004, Peer 1 acquired ServerBeach Ltd, a leading self-managed dedicated server company. For more information visit www.peer1.net.

Statements in this release relating to matters that are not historical fact are forward-looking statements based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. Factors that could cause or contribute to such differences include, but are not limited to, general economic conditions, changes in technology, reliance on third party manufacturing, managing rapid growth, global sales risks, limited intellectual property protection and other risks and uncertainties described in Peer 1's public filings with securities regulatory authorities.

The TSX Venture Exchange neither approves nor disapproves of this release.

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