Broadview Networks to Present at the Jefferies & Company 4th Annual Communications Conference.

RYE BROOK, N.Y. -- Broadview Networks, a leading facilities-based communications provider in the Northeast and Mid-Atlantic, today announced that the Company is scheduled to present at the Jefferies & Company 4th Annual Communications Conference, being held September 11-12, 2006 in New York City. The Broadview presentation is scheduled for 3:00 p.m. on September 11th.

Michael K. Robinson, Chief Executive Officer of Broadview Networks, commented, "We look forward to presenting our many operational and financial achievements, as well as discussing our pending acquisition of ATX Communications. We are very excited about our progress as we exit 2006, and the new opportunities created by the combined Company."

The presentation will be webcast on the Jefferies and Company website at http://jefferies.com. To listen to the presentation live, connect to the following link at least 15 minutes prior to the commencement of the presentation: http://www.wsw.com/webcast/jeff12/broadview/. In addition, a replay of the presentation will be available for 30 days following the conference on the Jefferies web site.

About Broadview Networks (broadviewnet.com)

Broadview Networks is a network-based electronically integrated communications provider (e-ICP) serving small and medium-sized businesses in the Northeast and Mid-Atlantic, United States. The Company offers integrated communications solutions, including local and long-distance voice services; data services that encompass VPN and MPLS-enabled offerings; hosted and premises-based VoIP systems; traditional telephone systems; and high-speed Internet services using DSL, T1 and T3 technologies. Customers receive a single, easy-to-understand bill and have a primary point of contact for real-time, personal customer care. Broadview is a control investment of MCG Capital Corporation (www.mcgcapital.com) (NASDAQ:MCGC). Broadview's largest investors are MCG Capital, Baker Capital (www.bakercapital.com) and New Enterprise Associates (www.NEA.com).

Forward-looking Statement: This press release contains forward-looking statements (i.e., statements that are not historical) describing future plans and objectives. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. Although we believe that the assumptions on which these forward-looking statements are based are reasonable, any of those assumptions could prove to be inaccurate, and as a result, the forward-looking statements based on those assumptions also could be incorrect. In light of these and other uncertainties, the inclusion of a projection or forward-looking statement in this press release should not be regarded as a representation by us that our plans and objectives will be achieved. You should not place undue reliance on these forward-looking statements, which apply only as of the date of this press release. We undertake no obligation to update such statements to reflect subsequent events.