Internap (AMEX:IIP)
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Internap Network Services Corporation (AMEX: IIP), a
leading provider of performance-based routing solutions over the
Internet, today announced that the NASDAQ Stock Market ("NASDAQ") has
approved its application for listing on the NASDAQ Global Market,
formerly known as the NASDAQ National Market. The move back to the
NASDAQ places Internap among its peer group of global technology
companies.
"Building upon our strong financial performance in the first half
of 2006 and achieving profitability for the first time in the
company's history, our return to the NASDAQ is yet another successful
step in our path forward as Internap marks its 10 year anniversary,"
said James P. DeBlasio, chief executive officer of Internap. Internap
common stock will begin trading on the NASDAQ Global Market by the end
of September 2006. At that time, the stock will return to its original
stock symbol, INAP.
Since 2004, Internap stock has been trading on the American Stock
Exchange (AMEX) under the symbol IIP. Mr. DeBlasio added, "I would
like to thank the American Stock Exchange for their services and
strong support, particularly during our 2004 follow on equity offering
and the reverse split in July 2006."
About Internap
Internap is a market leader of intelligent route control solutions
that bring reliability, performance and security to the Internet. The
company's patented and patent-pending technologies address the
inherent weaknesses of the Internet, enabling enterprises to take full
advantage of the benefits of deploying business-critical applications
such as e-commerce, Voice-over-IP (VoIP), video-conferencing and
streaming audio/video across the Internet. Through a portfolio of
high-performance IP and WAN optimization solutions, customers can
bypass congestion points, overcome routing inefficiencies and optimize
performance of their applications. Internap solutions are backed by an
industry-leading performance guarantee that covers the Internet as
opposed to just one network. These offerings include: network- and
premise-based route optimization solutions, colocation, VPN, content
distribution and managed security services.
Internap currently serves more than 2,100 customers, including
Fortune 1000 and mid-tier enterprises in the financial services,
government, travel/hospitality, manufacturing, media/entertainment,
technology and retail industries. The company provides services
throughout North America, Europe, Asia and Australia. For more
information, please visit the company website at www.internap.com.
About NASDAQ
NASDAQ is the largest electronic screen-based equity securities
market in the United States. With approximately 3,200 companies, it
lists more companies and, on average, trades more shares per day than
any other U.S. market. It is home to category-defining companies that
are leaders across all areas of
business including technology, retail, communications, financial
services, transportation, media and biotechnology industries. For more
information about NASDAQ, visit the NASDAQ Web site at www.nasdaq.com
or the NASDAQ Newsroom at www.nasdaq.com/newsroom/.
Internap is a trademark of Internap. All other trademarks and
brands are the property of their respective owners.