AimNet Solutions -- Creating a Unique Niche in the Network Infrastructure Services Marketplace

(EMAILWIRE.COM, January 22, 2001 ) -- AimNet Solutions, a new company, announced today it is creating a unique niche in the network infrastructure services marketplace by offering both professional and managed services across local and wide area network technologies which help clients empower their e-business networks. AimNet has more than $50 million in financial backing from William E. Simon & Sons, Mellon Ventures, ClearLight Partners, LLC and North Atlantic Capital Corp. The chief executive officer and entrepreneurial spirit behind AimNet is Edward K. Nalbandian, who most recently was managing partner of AT&T's managed network solutions unit, a 1,400-person organization that achieved $500 million in revenue in 1999. "We believe our focus on both network professional and managed services across wide and local area network technologies for the mid-market makes us unique," Mr. Nalbandian said. "In addition, we are hardware and transport independent, giving us the freedom to recommend and implement the broadest range of technologies on behalf of our clients in an unbiased way." Mr. Nalbandian said, "We're a network technology company, investing significantly in our people, labs and network management centers in areas such as internetworking, information security, VPNs and network computing. These investments enable us to deliver world-class network architecture, design, implementation and managed services - all designed to help our clients maximize the return on their e-business networks." "We are very excited about the launch of AimNet Solutions," said Peter Simon, co-chairman of William E. Simon & Sons. "In light of current market conditions, we believe AimNet is a great investment with tremendous growth potential as a network infrastructures firm. Their business model, which provides high value added services, true scalability and long term client partnerships, is exactly what we are looking to invest in." To help build the company, AimNet acquired three well-respected, established networking technology firms: Alpine Computer Systems Inc., Holliston, MA, located between Boston and Providence, RI, a network professional services and managed network services company that operates primarily in New England; CNS Group, Inc., Norwalk, CT, a network professional services firm whose operations are focused on customers in the New York Metro area; Reese Web, Inc., Clearwater, FL, a network security and professional services business with clients in the Southeast. Mr. Nalbandian leads a talented, highly experienced networking technology executive team that includes: Robert J. Boles, Jr., chief marketing and sales officer, who was president of sales and support for the IBM Global Network, later AT&T Global Network Services, a $1 billion plus managed services business. Laurence A. Cranwell, senior vice president, managed network services, who designed and ran Compaq's new ATM based IP network which provides fully secure, converged voice and data support for more than 1,000 locations worldwide. William Strain, vice president and chief technology officer, regarded as one of AT&T's leading technology executives in the business services area. He designed its managed network service offering and co-founded the professional services business. Cosmo J. Alberico, senior vice president and chief financial officer, who formerly served as vice president and chief financial officer of Winstar International. The company is investing significantly in its employees, infrastructure, capabilities and advanced network solutions to serve mid-market and low end of large market clients, generally in the Fortune 250-2500 range. According to a recent study by Infonetics Research, the U.S. marketplace for managed network services will grow 357% over the next four years, or from $7.2 billion in 2000 to $32.9 billion by 2004. To provide advanced network solutions, AimNet has upgraded its network management center in Holliston, installing new platforms and the latest tools and already serves more than 250 current clients. The company also established a backup center in Tampa, FL. In addition, state-of-the-art network development labs are being created in Holliston, Tampa and Norwalk, CT. About AimNet Solutions AimNet Solutions (www.aimnetsolutions.com) is a network professional services and managed network services company that offers advanced, end-to-end LAN, WAN and Information Security capabilities uniquely positioned to help clients empower their e-business networks. The company has its headquarters in Norwalk, CT and has major operations in New England, the New York Metro area and the Southeast. For more information, please call (888) 332-5746 or send an e-mail message to info@aimnetsolutions.com. -------------------Produced for AimNet SolutionsContact: (888) 332-5746 info@aimnetsolutions.com -------------------