Covad to Present at Seventh Annual Needham Growth Conference.

SAN JOSE, Calif. -- Covad Communications Group (OTCBB:COVD), a leading provider of broadband voice and data communications, will participate in the Seventh Annual Needham Growth Conference on Thursday, January 13 at 8:30 a.m. EST. The conference is being held at the New York Palace Hotel in New York, New York.

Charles Hoffman, Covad's President and Chief Executive Officer, and Susan Crawford, Acting Chief Financial Officer and Senior Vice President, Planning and Priorities Management, will present at the event.

A live broadcast of the event will be available in the Event Calendar section at http://www.covad.com/companyinfo/investorrelations. Please note that participants are required to register in order to access the webcast. The webcast will be available on the Covad site for 90 days.

About Covad

Covad is a leading nationwide provider of broadband voice and data communications. The company offers DSL, Voice Over IP, T1, Web hosting, managed security, IP and dial-up, and bundled voice and data services directly through Covad's network and through Internet Service Providers, value-added resellers, telecommunications carriers and affinity groups to small and medium-sized businesses and home users. Covad broadband services are currently available across the nation in 44 states and 235 Metropolitan Statistical Areas (MSAs) and can be purchased by more than 57 million homes and businesses, which represent over 50 percent of all US homes and businesses. Corporate headquarters is located at 110 Rio Robles, San Jose, CA 95134. Telephone: 1-888-GO-COVAD. Web Site: www.covad.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

The foregoing contains "forward-looking statements," such as the number of metropolitan areas where Covad VoIP will be available, which are based on management's current information and beliefs as well as on a number of assumptions concerning future events made by management. Readers are cautioned not to put undue reliance on such forward-looking statements, which are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside Covad's control that could cause actual results to differ materially from such statements. These risk factors include the impact of increasing competition, pricing pressures, consolidation in the telecommunications industry, uncertainty in telecommunications regulations and changes in technologies, among other risks. For a more detailed description of the risk factors that could cause such a difference, please see Covad's 10-K, 10-Q, 8-K and other filings with the Securities and Exchange Commission. Covad disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This information is presented solely to provide additional information to further understand the results of Covad.