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Swedish site opening marks fifth Business Internet facility in six months


Stockholm - CityReach International (CRI), the pan-European provider of
infrastructure and managed services for the Business Internet, today
announced the opening of its Swedish site. The 7,500 sq m facility in
Stockholm is well placed for the new generation of Systems Integrators
(SIs), Application Service Providers (ASPs) and web hosters operating in
Sweden who wish to enable their corporate customers' e-business
initiatives.

Commenting at the Swedish launch, Dr. Sanjaya Addanki, CRI's CEO, said
"The success of our facilities in the Netherlands, the UK, Hungary and
Dublin has validated our belief, our business plans and our goal to set
the standard for supporting the growth of the Business Internet. In
Sweden we will be offering our partners the same quick and easy access to
our facilities and managed services, with no compromise on security or
technical excellence. Stockholm is rapidly developing as an e-commerce
hub for Europe and the establishment of our facility here puts us one
step further towards our goal to set the standards in the next generation
of infrastructure and managed services."

Speaking about CRI's establishment in Stockholm, Kai Hammerich, Director
General for Invest in Sweden Agency, ISA, who officially opened the
Stockholm facility added that "The CityReach facility in Stockholm
strengthens an already dynamic and innovative Swedish IT-environment.
Security and availability are becoming of strategic importance when
European companies migrate more and more IT processes over to the
Internet. For some time now, facilities that are meeting the demands set
by the next generation Internet, are being established throughout Europe.
CityReach in Stockholm is a good example of this.

According to Addanki, who joined CityReach from IBM, where he was Vice
President responsible for IBM's e-Hosting services in Europe, Middle East,
and Africa, the CRI services are unique in providing the necessary
foundation for the Business Internet. The company is also the first
pan-European enterprise to receive Cisco Application Infrastructure
Provider (AIP) certification, thereby proving that CRI meets the superior
infrastructure design standards that Cisco requires.

With an increasing number of companies migrating their operations and
business processes - retail transaction systems, CRM, supply chain
management, personnel management and ERP - to the Internet, the demand
will be for the sort of mission-critical capabilities they enjoy in their
conventional in-house data centres - a 'virtual glass-house'. CityReach's
Swedish operation will provide the security, reliability, manageability
and scalability found in data centres to the new generation of SIs, ASPs
and web hosters that service the major corporates.

Unlike traditional carrier hotels, co-location and application hosting
providers which offer little more than 'rack-based real estate,' and are
designed to serve the IP environment with its high tolerance of failure,
CRI is rooted in the mission-critical, zero tolerance, corporate IT
culture. The Stockholm site, in common with the rest of the CityReach
pan-European network, will offer value through comprehensive and
guaranteed managed services from a highly secure and reliable environment.

About CityReach International

Headquartered in London, with offices across Europe and the U.S.,
CityReach International (CRI) is setting the standard for the
infrastructure and managed services that form the foundation for the
Business Internet. The company is building a pan-European managed
infrastructure platform with a total of 20 high-quality, secure data
centres planned for the end of 2001 and 7 operational in 2000. The
CityReach International team has unrivalled industry experience in the
areas of secure, reliable data centres, corporate application development
environments, customer care and service delivery. The company is
investing over $350m in its products and services deployment plan with
backing from leading venture capitalists including Battery Ventures, Chase
Capital Partners, M/C Venture Partners, Investcorp, Morgan Grenfell
Private Equity and Vulcan Ventures.

Additional information about CityReach can be found at
http://www.city-reach.com

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