Terremark Awarded Three U.S. Department of State Contracts.Business Editors/High-Tech Writers MIAMI--(BUSINESS WIRE)--April 4, 2003 NAP of the Americas Team to Design, Engineer, Procure and Manage a Carrier-Neutral Worldwide Internet Solution Terremark Worldwide, Inc. (AMEX AMEX See: American Stock Exchange :TWW TWW The West Wing (TV show) TWW The Wind Waker (Nintendo Zelda video game) TWW Teaming with Wildlife TWW Two-Week Wait TWW The War Within (Transformers comics) ), the leading designer, builder and operator of integrated Tier-1 Network Access Points (NAPs) and best-in-class data centers, announced today that the U.S. State A U.S. state is any one of the fifty subnational entities of the United States, although four states use the official title "commonwealth". The separate state governments and the federal government share sovereignty, in that an American is a citizen both of the federal entity and Department's Diplomatic Telecommunications Service In telecommunication, the term telecommunications service has the following meanings: 1. Any service provided by a telecommunication provider. 2. Program Office (DTS-PO) has selected Terremark to implement an Internet access See how to access the Internet. solution to satisfy U.S. Government requirements at designated government locations overseas. The DTS-PO awarded the three contracts after selecting Terremark's responses to three separate Requests for Quotes from among competing bids. As part of the contracts, EDS (Electronic Data Systems, Plano, TX, www.eds.com) Founded in 1962 by H. Ross Perot (independent candidate for the President of the U.S. in 1992), EDS is the largest outsourcing and data processing services organization in the country. will act as Terremark's teaming partner to provide Virtual Private Network (VPN (Virtual Private Network) A private network that is configured within a public network (a carrier's network or the Internet) in order to take advantage of the economies of scale and management facilities of large networks. ) and firewall services. The Diplomatic Telecommunications Service (DTS (1) (Digital Theatre Sound) A digital audio encoding system used in movie and home theaters. Popularized by the movie Jurassic Park, the six-channel (5. ) provides telecommunications services for all U.S. Government activities conducted at overseas diplomatic and consular missions. The DTS-PO manages and implements a global DTS Network to provide responsive, reliable, secure, and cost-effective telecommunications services to DTS users. The customer base of the global DTS Network includes representation of nearly 50 distinct U.S. Government departments and agencies residing at over 260 locations worldwide. "We are proud that Terremark has been chosen to provide this carrier-neutral solution for DTS-PO locations around the world. Our team worked hard to develop a cost-effective solution, capitalizing on our expertise and carrier neutral NAP of the Americas facility to exceed the government's stringent requirements," stated Manuel D. Medina, Terremark's Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "We continue to work closely with local, state and federal government agencies in other opportunities as we become a vital part to their operations." About Terremark Worldwide, Inc. Terremark Worldwide Inc. (AMEX:TWW) is the leading designer, builder and operator of integrated Tier-1 Network Access Points (NAPs) and best-in-class data centers, creating technology marketplaces in strategic global locations. Terremark is the owner and operator of the NAP of the Americas, the fifth Tier-1 Network Access Point in the world and the model for TerreNAP(sm) Data Centers the company is deploying in Sao Paulo, Brazil (NAP do Brasil), Madrid, Spain (NAP de las Americas - Madrid) and other emerging markets. The carrier-neutral NAP of the Americas is a state-of-the-art facility providing interconnection between global carriers, ISPs and others, as well as connecting fiber networks in Latin America, Europe, Asia and Africa to those in the U.S. Terremark is headquartered at 2601 S. Bayshore Drive, 9th Floor, Miami, Florida USA, (305) 856-3200. More information about Terremark Worldwide can be found at http://www.terremark.com. Statements contained in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Terremark's actual results may differ materially from those set forth in the forward-looking statements due to a number of risks, uncertainties and other factors, as discussed in Terremark's filings with the SEC. These factors include, without limitation, Terremark's ability to obtain funding for its business plans, uncertainty in the demand for Terremark's services or products and Terremark's ability to manage its growth. Terremark does not assume any obligation to update these forward-looking statements. |
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