CoreXchange Raises Expansion Funding to Meet Continued Demand for Network and Colocation Services.

DALLAS -- Network infrastructure and colocation provider CoreXchange today announced that it has secured convertible debt financing from Red Barn Investments for infrastructure expansion. Terms were not disclosed.

"CoreXchange has achieved significant customer growth in line with the aggressive revenue targets that we set last year," according to Michael Walti, co-founder and technology architect of CoreXchange. "The latest funding round from Red Barn provides a solid funding base going into 2009 as we expand our infrastructure and service delivery capabilities to meet the increasing demand for our networking and colocation services."

CoreXchange continues to attract new business with a complete network outsourcing solution that helps enterprises lower IT costs during a challenging economic environment. CoreXchange delivers highly redundant network services to the most demanding IT enterprises through its Network Access Exchange, allowing customers to access multiple leading Internet backbones through a single managed connection.

"We are enthusiastic both about the long-term growth prospects of the network infrastructure and colocation industry and CoreXchange's compelling value proposition in this market," stated Pat Pollard, Red Barn Managing Director. "The CoreXchange team continues to deliver solutions that are attractive to enterprises seeking maximum reliability and performance in a way that fits their IT budgets."

About CoreXchange, Inc.

CoreXchange comprehensive networking solutions include colocation, high performance network connectivity, Internet access, disaster recovery and a business continuance center. Connectivity services are available in CoreXchange's enterprise-class data center or at a customer's remote location, via local loop or metro Ethernet. CoreXchange's proprietary Pricing Configurator, the industry's first IP bandwidth network configuration tool, provides users with the ability to instantly customize a multi-homed mesh of Tier-1 backbone carriers via a simple web interface. Headquartered in the globally-recognized Infomart carrier center in Dallas, Texas, CoreXchange is led by a highly experienced team of networking services technologists and executives. For more information, visit www.corexchange.com.

About Red Barn Investments

Red Barn Investments is a private equity firm located in Northbrook, Illinois, that invests in small and mid-sized companies where its expertise and relationships can assist in creating value over the long term. To learn more about Red Barn Investments, visit www.redbarnllc.com.