SAN FRANCISCO, CALIFORNIA - September 8, 2005 - Yipes Enterprise Services, Inc. (www.yipes.com), the pioneer in globally managed, end-to-end Ethernet solutions, today announced continued acceleration of its growth in the Asia Pacific market with the establishment of its first-ever presence in Tokyo.

 

The Tokyo location, which will be operational the first of October, follows the Company's July announcement of its expansion into Hong Kong. In combination, the two locations provide Yipes with a solid service footprint in the Asian market, and direct access into some of the world's leading financial and business centers including Singapore, Taipei, Manila, Shanghai and Seoul. Yipes said its commitments in Tokyo and Hong Kong capitalize on the trend of multinational enterprises migrating to a global Ethernet services platform that supports critical voice, data and video.

 

Yipes Global Area Network (GAN) delivers fast, simple, secure, scalable Ethernet solutions that are as easy to manage as a local office LAN. This allows enterprise customers to cost-effectively reach development and manufacturing facilities, offshore partners and large, regional offices. Yipes GAN is a fully managed, end-to-end solution, including an Ethernet hand-off at the business location, local connectivity in both international and domestic metro areas, wide area services and 24x7 management of all equipment and networks. Network performance is backed by a global Service Level Agreement including guaranteed latency and availability, making it a compelling alternative to multi-site frame relay, ATM and private line networks.

 

The Yipes Tokyo POP will be co-located with Asia Netcom in the ComSpace data center in Chuou-ku, close to Tokyo's business district. The proximity of this location to key financial markets reflects Yipes' increasing profile as a resource of choice in this rapidly growing vertical. This spring, the company established Yipes FinancialConnect!, a scalable network solution that provides banks, brokers, hedge funds, institutional investors and investment managers with simple, scalable and cost-effective access to the largest Exchanges, ECNs, liquidity pools and trading platforms.

 

"The worldwide Ethernet Services market reached $2.5 billion in revenues in 2004, and it will grow by a 276% leap to $22.2 billion by 2009," stated Michael Howard, principal analyst at Infonetics Research. "A lot of that growth is in Asia, which is by far the hottest regional market for Ethernet services, with a 40% share of worldwide revenues in 2004. Europe, the Middle East and Africa account for more than 30% of revenues and North America for more than 20%. Yipes' new Tokyo POP puts them in the middle of the Asian marketplace enabling them to help in the fast paced growth."

 

"Our expansion into Tokyo brings Yipes into one of the world's largest business and financial hubs, and significantly enhances our presence in Asia. Tokyo, in combination with our Hong Kong presence, extends our service footprint and provides even greater service flexibility for customers in the region," said John Scanlon, Yipes chief executive officer. "We are committed to an aggressive growth strategy in Asia that fully leverages our unique technological and service advantages in this region."

 

"As a key provider of telecommunications and networking solutions in Asia Pacific, Asia Netcom is pleased to support Yipes' expansion into Asia," said Bill Barney, Asia Netcom's president and chief operating officer. "With the growing trade and economic ties between Asia and the rest of the world, we are committed to supporting network requirements of US and European businesses as they capture opportunities in the Asian market."

 

About Yipes:
Winner of the Metro Ethernet Forum 2005 Service Provider of the Year Award for Outstanding Innovation, Yipes Enterprise Services, Inc. is the leading global provider of managed, end-to-end Ethernet solutions for enterprise customers. Yipes offers a uniquely scalable suite of networking services that combine the speed, simplicity and cost effectiveness of native Ethernet with Yipes proprietary bandwidth-on-demand functionality. Yipes provides services in and between major metropolitan markets including: Boston, Chicago, Dallas, Denver, Hong Kong, Houston, Los Angeles, London, Miami, New York, Philadelphia, San Diego, San Francisco, San Jose, Seattle and Washington DC. For more information, visit www.yipes.com.

 

Contact:
Don Hunt, Kelly Smallegan-Maas
Lambert, Edwards & Associates, Inc.
616 233 0500 phone
mail@lambert-edwards.com