CO Space to Provide Critical Space and Related Services to StorageNetworks, Inc.

BOSTON--(BUSINESS WIRE)--June 4, 1999--

CO Space Services, LLC announced today that it has received a commitment from StorageNetworks, Inc.(TM), the first and only provider of enterprise storage services, to license space at its world-class critical operations facilities. StorageNetworks, will license space to house its storage points-of-presence(TM) or S-POPs(TM), in CO Space's facilities in Somerville, Massachusetts; Waltham, Massachusetts; Weehawken, New Jersey; and Houston, Texas.

"We are able to offer a flexible and secure solution for critical space and related operations services, which will enable StorageNetworks to meet its business-critical needs and rapidly expand its services to new markets," said Gabe Cole, president and COO of CO Space. CO Space, along with its program management partner, Kennedy & Rossi Technology Builders, Inc. (KennTech), will be specifically outfitting and tailoring the space within its facilities to StorageNetworks' requirements.

"CO Space has demonstrated great interest in understanding our business and IT requirements," said Peter Bell, president and CEO of StorageNetworks. "Based on this understanding, they have successfully developed a solution for our S-POPs(TM) that not only provides the highest quality and security standards for an enterprise storage environment and associated infrastructure, but that minimizes our capital requirements."

CO Space operates world-class facilities for mission-critical communications equipment to serve the dynamic Internet, telecommunications, and data markets and was developed in response to the increasing demand for carrier-neutral, open-platform facilities that provide a host of services beyond physical space, including installation, network, and operations support services. CO Space's web site is located at www.cospaceservices.com.

StorageNetworks provides Professional Services and Data Storage Infrastructure Services to organizations with large and rapidly growing volumes of business-critical information. The company's storage network infrastructure enables efficient and reliable remote data storage capacity, storage management, disaster protection, business continuity, and workflow management. StorageNetworks is headquartered in Waltham, Massachusetts and operates in major business and government centers nationwide. For further information, please visit the company's web site at www.storagenetworks.com, email [e-mail], or call 1-800-463-7105.

KennTech, a wholly owned subsidiary of Kennedy & Rossi, Inc., which provides quality planning, preconstruction, and construction management services, provides nationwide, turn-key, design-build program management services to CO Space, as well as to Internet, data warehousing, and telephone service providers in need of premium space to house mission-critical equipment.