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Vancouver, British Columbia - (The Hosting News) - April 16, 2007 - Internet network and hosting provider, PEER 1 Network Enterprises, Inc., has completed its data center expansion, increasing the company's co-location capacity by over 140 cabinet equivalents.
In addition, PEER 1 is pleased to announce an expansion of its Toronto data center that will accommodate a further 125 cabinets, with completion scheduled before the end of June 2007. Recent expansions in current PEER 1 data centers across North America have given the company the capacity to add approximately 65% more dedicated servers to its current base of over 16,000 dedicated servers and approximately 40% more co-location cabinet equivalents to its current base of over 1,100 cabinet equivalents. This enables PEER 1 to significantly grow its customer base with modest incremental capital expenditures relative to building a new data center.
Fabio M. Banducci President of PEER 1 commented, ''Our data center expansions and increased capacity support our strategy for continued growth and margin improvement. Demand continues to be strong for our high performance, co-location and dedicated hosting solutions.''
PEER 1, is an Internet infrastructure provider, delivering client-centric solutions from Internet network and co-location to dedicated hosting with solutions for companies of all sizes. Since its inception in 1999, the company has grown to include data centers and network points of presence in 16 major cities across North America and Europe. PEER 1 serves a variety of customers including hosting providers, online gaming companies, Internet phone (VoIP) companies and many small and medium sized businesses. The company's headquarters are in Vancouver, Canada and the stock is traded on the TSX Venture exchange under the symbol PIX
For more information about PEER 1, please visit: www.peer1.com.
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