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07/07/08 -TierOne Signs Agreements to Purchase WISP’s Aggregating 4,000 Customers in DFW, Texas

Dallas, Texas: July 07, 2008 – TierOne Networks signed letters of intent to acquire several WISPs in the DFW market. All transactions are expected to close in the third quarter and are expected to create the largest WISP in the DFW market. “The acquisitions create economies of scale for TierOne allowing TierOne to maintain its’ status as the low cost provider of high quality broadband access in rural DFW,” said Kevin Weaver, CEO.

The acquisitions positions TierOne as the market share leader and will permit the use of advertising on radio and on certain targeted cable television shows. “We expect these acquisitions to create critical mass for TierOne in several areas, including the ability to raise institutional private equity”, said Ron Celmer, CFO. “In fact, several institutions are in due diligence and we expect a substantial portion of the acquisition funding to come from private equity funds.”

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.