SunGlobe Fiber NAP Marketing Strategies Supported by the Strategis Group Findings.

Business Editors & Technology Writers

SUNRISE, Fla.--(BUSINESS WIRE)--May 8, 2001

SunGlobe Fiber Systems Corp. (OTCBB:SGFS), an international facilities-based and resale telecommunications service provider, is moving forward with its target marketing strategies for the Pan-American Network Access Point (PANAP). The international telecommunications research firm The Strategies Group cites an anticipated Cumulative Average Growth Rate of over 60% (2000-2010) for Bandwidth Demand throughout Latin America and the Caribbean regions. PANAP will become a major access provider to the region's businesses, institutions and individuals. To establish its position as the predominant resource for global accessibility for customers in and outside of Panama, SunGlobe is building a proactive marketing team to introduce a full complement of independent services through PANAP.

Currently, traffic is connected through distant NAPs in the United States. To effectively reduce connection costs and minimize the inefficiencies of routing non-U.S. traffic through the U.S., SunGlobe is proceeding with the development of the only totally carrier neutral facility in centrally located Panama. PANAP will be able to provide connectivity to all intersecting undersea fiber optic systems in the region as well as access to satellite teleport services. According to The Strategies Group, as the demand for international traffic begins to decrease, regional content will substantially increase and generate proportionally more revenues for companies like PANAP which have taken the leading position in the marketplace.

With PANAP eliminating the need to leave the region to gain connectivity, more regional content providers will have economical access, web hosting, and reduced technical support costs, which translates into increased traffic revenues.

About SunGlobe Fiber Systems: Headquartered in Sunrise, Florida, SunGlobe was formed to provide fiber optic capacity to South America, Central America and the Caribbean. SunGlobe specializes in the resale of broadband fiber-optic capacity on the Maya-1 and Americas II submarine cable systems for the provision of long distance voice, data and Internet-access services between the United States and Central and South America. The SunPac Network(TM) provides its clients competitive rates with diverse routes and a network of Telehouses including in the U.S., London, England, San Juan, Puerto Rico, Colon and Panama City, Panama. In support of its business, it draws on the satellite uplink and transmission resources of its affiliate, SunGlobe Telecom, Inc. SunGlobe Fiber Systems currently trades on the Bulletin Board under the symbol SGFS.

For more information contact the company.

To visit SunGlobe Fiber Systems Corp. on the web go to: www.sunglobefiber.com

Forward-Looking Statements: This release contains forward-looking statements, which are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Expressions of future goals and similar expressions reflecting matters other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. Important factors that cause actual results to differ materially from those in forward-looking statements include, without limitation, risks relating to the Company's developmental stage business, the Company's need for additional operating capital, the ability of the Company to successfully implement its strategies, the dependence on third-party agreements, the impact of competitive services and pricing, risks relating to technology and network infrastructure, as well as other risks referenced from time to time in the Company's filings with the SEC. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. The Company undertakes no obligations to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.