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05/30/08 -TierOne Networks Elects Mr. Richard Berman to the Company Board of Directors

Dallas, Texas: May 30, 2008 – TierOne Networks, a Dallas-based Wireless Internet Service Provider (WISP) today announced Mr. Richard Berman was elected to the Company’s Board of Directors.

Mr. Richard Berman has a business career that spans over 35 years of venture capital, management and merger & acquisitions experience.  Since 1982, Richard Berman has mainly been active as an investor, advisor, manager, director, and financier to over 100 public and private companies, with emphasis on biotech, internet and other technology sectors.  In the last five years, Mr. Berman has served as a professional director and/or officer of over a dozen public and private companies.  Previously, Mr. Berman worked at Goldman Sachs; was Senior Vice President of Bankers Trust Company, where he started the M&A and Leveraged Buyout Departments; created the largest battery company in the world by merging Prestolite, General Battery and Exide to form Exide Technologies (XIDE); helped create what is now Soho (NYC) by developing five buildings; and advised on over $4 billion of M&A transactions.

Mr. Berman is a former director of the Stern School of Business of NYU where he obtained his BS and MBA.  He also has US and foreign law degrees from Boston College and The Hague Academy of International Law, respectively.

“I see a tremendous opportunity for TierOne Networks to establish the market-leading position in the rural wireless internet access market,” said Mr. Berman. “As always, I will be an active participant in the Company’s growth and will focus my thirty-five years of business and telecommunications experience on positioning the Company with the institutional investment community”.

“TierOne is pleased to add such a distinguished member of the financial community to our board,” said Kevin Weaver, President & CEO. “We believe that we are well positioned to pursue dramatic growth both organically and through substantial acquisitions.  Additionally, by adding Richard to our board creates incremental velocity to an already aggressive growth strategy.”

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.