ADVISORY/Velocita Executives Available for N+I Interviews On Network Light-up, Internet Access Product Launch.

Assignment/News Editors

Networld+Interop 2001

Booth 2369

ADVISORY...for Tuesday - Friday (May 8 - 11)

--(BUSINESS WIRE)

WHAT:   Velocita Corp. has been making news because of its  unique
        infrastructure, experience and respected management team,
        and relationships with world-class organizations such as AT&T.

        Key executives will be available for interviews at the
        upcoming Networld+Interop show in Las Vegas, where the company
        will discuss the lighting of the first route on its network
        and the launch of its high-speed Internet access product.

WHEN:    May 8 - 11

WHERE:   Networld+Interop
         Las Vegas
         Booth 2369

WHO:     Bob Collet, chief technology officer (technology, network)

         Don Bolar, president, network services (network, technology)

         Pati Ross, senior vice president, strategic
         operations (product launch, business plan, corporate
         strategy and vision, broadband market overview)

ABOUT VELOCITA

Velocita Corp. (www.velocita.com), based in the greater Washington, D.C. area, is a nationwide broadband networks provider serving communications carriers, Internet service providers, and corporate and government customers.

Founded in 1998 as a facilities-based provider of fiber-optic communications infrastructure, Velocita, formerly PF.Net, is joining with AT&T to construct the nationwide next generation fiber-optic network of the future.

This joint effort is serving as the foundation for Velocita to grow and expand its own network, adding service offerings such as wavelengths, private line, Internet access and very high-speed virtual private networks.

The Velocita network, currently expected for completion in 2002, will travel approximately 18,500 miles with access to over 175 metropolitan areas, including 40 of the top 50 MSAs, as well as most tier two and tier three markets.

Statements made in this document that are not historical fact are considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These include, but are not limited to, statements regarding the Company's plans, intentions and expectations.

Such statements are inherently subject to a variety of risks and uncertainties that could cause actual results to differ materially from those projected.

These risks include the Company's ability to remain in compliance with its current debt agreements and indenture covenants; obtain additional capital and financing; effectively and efficiently manage the completion of its fiber network; and sell or swap dark fiber or lease high-volume capacity on its fiber network; and other factors, a failure of any of which may significantly delay or prevent completion of the Company's fiber network, which would have a material adverse effect on its financial condition and results of operations.

A more extensive discussion of the risk factors that could impact these areas and the Company's overall business and financial performance can be found in the Company's reports filed with the Securities and Exchange Commission. Given these concerns, investors and analysts should not place undue reliance on forward-looking statements.

The Company does not undertake any obligation to publicly release any revisions to any forward-looking statements contained herein to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events.