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05/14/08 -Subcarrier Communications and TierOne Networks Sign Joint Venture Agreement JV Targets Rural Broadband Access Market

Dallas, Texas: May 14, 2008 – TierOne Networks, a Dallas-based Wireless Internet Service Provider (WISP) and Subcarrier Communications, Inc., one of the nation’s largest owners/managers of telecommunications sites and services, today announced a joint venture to build telecommunications sites in un/under-served markets to provide broadband internet access and related services. 
           
"The joint venture with Subcarrier Communications will allow us to build permanent highpoints in new markets where no suitable sites are available.  The first instance for the JV will be in northern McKinney, Texas,” said Kevin Weaver, President & CEO of TierOne Networks.  “There are some areas with no communications towers and where local municipalities prohibit installing equipment on water towers.  We expect the JV to create a substantial competitive advantage to TierOne as our exponential growth continues.”

Subcarrier communications CEO John Paleski commented, “"The joint venture agreement creates an anchor tenant for us and eliminates the risk associated with building new towers.  We expect the JV to accelerate our growth while reducing our overall risk profile.”

The Joint Venture is expected to accelerate broadband availability to rural customers through the combination of tower building expertise and a “carrier class” network provider. 

About Subcarrier Communications, Inc. | www.subcarrier.com

Subcarrier Communications, Inc., headquartered in Old Bridge, New Jersey, owns and/or manages in excess of 1,000 telecommunications tower sites throughout the U.S. Our primary business is to design and build high-capacity, multi-tenant colocation towers. Our mission is to provide in-depth, cost effective and timely development services to the wireless communications industry. We strive to develop tower sites specific to carrier requirements, offer co-location leasing programs, as well as management, marketing and design solutions. Additionally, we effectively increase third party tower and rooftop assets through our exclusive management programs.  For more information please contact us at (732) 607-2828.

About TierOne Networks | www.tocn.com

TierOne Converged Networks, Inc.  is a next generation Wireless Internet Service Provider (“WISP”) headquartered in Dallas, TX.  TierOne’s management and technical knowledge is positioned to dominate rural WISP markets in the southwestern U.S.  We provide wireless broadband services to smaller or secondary rural markets that are underserved by the Incumbent Local Exchange Carriers (“ILECs”) and cable TV operators.  Our FCC Licensed Broadband Network delivers inexpensive, high speed, low latency internet to underserved areas in the DFW area.  In addition to expanding its business through strong organic growth, TierOne Networks is pursuing an active acquisition strategy of WISPs to expand its operations and to augment its organic growth initiatives. 

TierOne is interested in acquiring Texas-based WISPs. 
Inquiries should be directed to Ronald Celmer at (214) 217-8626 ext 2031.

TierOne’s Commercial Office Building Solution finally offers building owners & managers the ability to profit from the “Fourth Utility” while offering tenants enhanced lower priced services, high-speed bandwidth, mobility solutions, IP communications, and maximum flexibility. Building owners & managers will also increase the bottom line with cost savings in energy, lighting & HVAC systems, building security & access.

For more information or investment opportunities please contact
Kevin Weaver at (214) 217-8626 ext 2003 or for service call 1-866-551-1367.