Prism Communication Services, Inc. Opens Washington, D.C. Office.

NEW YORK--(BUSINESS WIRE)--Oct. 28, 1999--

Experienced team to guide critical legal and

regulatory initiatives

Prism Communication Services, Inc., a leading integrated communications carrier, today announced the opening of its Law Department in Washington, D.C. Staffed by an influential team of professionals, the second Prism office will direct the company's legal, legislative and regulatory efforts. The corporate expansion supports Prism's aggressive national rollout strategy and the emphasis the company intends to place on impacting regulatory and legislative issues.

"We have assembled one of the very best legal teams possible to lead us through the competitive and rapidly changing world of telecommunications," said Terry Peck, founder and CEO, Prism. "Our plan is not only to support industry regulatory and legislative decisions, but also to take a leadership position in defining industry policies."

The dedicated staff is led by Randall B. Lowe, chief legal officer, who will oversee the operation of the Law Department, as well as contribute to Prism's business planning. A 25-year veteran of telecommunications law, Mr. Lowe has been intimately involved in the competitive opening of virtually all communications markets during the last quarter century, and is a recognized, vocal advocate of local access competition. Formerly with Piper Marbury, one of the leading telecommunications law firms in the country, Mr. Lowe also worked as corporate counsel for AT&T and ITT. A graduate of the University of Rhode Island (BA) and the Washington University School of Law, Mr. Lowe is a member of the New York, Connecticut, District of Columbia and Illinois bars, and the Federal Communications Bar Association.

In addition to Mr. Lowe, the Prism legal team will consist of Renee Roland Crittendon, Deputy Chief Counsel, Telecommunications; Julie A. Kaminski, Deputy Chief Counsel, Telecommunications; Daniel W. Pugh, Deputy Chief Counsel, Corporate; Marni J. Shapiro, Regulatory Compliance Administrator; and Jane L. Hall, Executive Assistant.

Ms. Crittendon joins Prism from private practice where she represented international and domestic communications companies providing telephone, cable, satellite, television and radio services. As Deputy Chief Counsel, she will concentrate on regulatory and legislative issues on the state and federal levels. Ms. Crittendon is a graduate of Georgetown University (BA) and George Washington University National Law Center, and is a member of the District of Columbia bar, the Maryland bar and the Federal Communications Bar Association.

Ms. Kaminski will work on federal and state regulatory matters and issues affecting Prism's relationship with incumbent local exchange carriers. In addition, she will provide assistance on the corporate level with business transactions and legislative initiatives. Prior to joining Prism, Ms. Kaminski worked in private practice as a communications attorney on behalf of communications companies. She is a graduate of Boston College (BA, magna cum laude) and Washington University School of Law (JD and MBA), and is a member of the District of Columbia and Missouri bars, as well as the Federal Communications Bar Association.

Mr. Pugh joins Prism from private practice where he represented high tech companies on general corporate issues as well as mergers, acquisitions and security offerings. At Prism, he will concentrate on corporate, securities, intellectual property, real estate, tax, employee benefits, and labor matters. Mr. Pugh is a graduate of Massachusetts Institute of Technology (SB) and the University of Maryland School of Law, where he was executive editor of the Maryland Law Review. He is a member of the District of Columbia and Maryland bars.

Ms. Shapiro has 23 years in regulatory and intellectual property matters with a leading communications law practice. She will support the corporate legal counsel and is responsible for regulatory compliance. Ms. Shapiro is a graduate of Georgetown University.

Ms. Hall has more than 13 years experience as a secretary and paralegal with telecommunications law practices in Washington, DC. At Prism, she will assist the lawyers and with the administration of the Washington DC office. Ms. Hall is a graduate of Katherine Gibbs Secretarial School.

Designed for small and medium businesses (SMB), teleworkers and power users, RED provides affordable, always-on high-speed Internet access and voice and data solutions utilizing Nortel Networks(tm) digital 1-Meg Modem technology. The technology allows simultaneous voice and data traffic over the same copper loop, similar to DSL, but with no signal interference. Prism offers a turnkey solution to customers' high-bandwidth needs enabling them to conduct business with a competitive edge.

Prism Communication Services, Inc., headquartered in New York City, is a subsidiary of Comdisco, Inc. (NYSE: CDO). Through RED(SM), its flagship service, Prism is expanding products and geography to become a leading integrated communications carrier, directly offering a total communications solution that includes high-speed connectivity for data, voice, video, Internet and other secure business applications. Designed for small to mid-sized businesses, teleworkers and power users, RED provides tools that enhance its customers' productivity. For more information, call 888-RED-2000 or visit the Web site at www.redconnect.com.