Yak Communications Joins Newly Formed Russell Microcap Index

Yak Communications Inc. (NASDAQ:YAKC), a provider of 
telecommunication services to residential and business customers, 
announced today that it joined the new Russell Microcap(TM) Index 
when the Russell Investment Group reconstituted its family of U.S. 
indexes on June 24. The Russell recently posted a membership list for 
the Russell Microcap at www.russell.com/US/Indexes and has gone into 
effect on July 1 and will remain in effect for one year.

   Yak's Chairman and Chief Executive Officer, Charles Zwebner, 
stated, "Yak's admission to membership in the Russell Microcap Index 
is testimony to the Company's progress as our business continues to 
grow in terms of revenues and customers. We have successfully focused 
our business on our core strengths and are reaping the benefits of 
being a leading service provider to residential and enterprise 
customers in specific niche markets. We look forward to building upon 
this progress."

   Russell indexes are widely used by investment managers and 
institutional investors for index funds and as benchmarks for both 
passive and active investment strategies. More than $2.5 trillion in 
assets currently are benchmarked to these indexes.

   About Yak Communications Inc.

   Yak Communications Inc. (the "Company") (NASDAQ:YAKC) is an 
Integrated Communications Provider (ICP) offering a full array of 
long distance (1+, toll free and dial-around), local lines, travel 
cards, cellular long distance, data services, and broadband voice 
(VoIP) to residential and small businesses in North America over high 
speed internet access. Yak currently serves approximately 860,000 
customers for its traditional telecom services. For more information, 
visit www.yak.com.

   About Russell

   Russell, a global leader in multi-manager investment services, 
provides investment products and services in more than 39 countries. 
Russell manages more than $135 billion in assets and advises clients 
worldwide representing $2.3 trillion. Founded in 1936, Russell is a 
subsidiary of Northwestern Mutual and is headquartered in Tacoma, 
Washington, with additional offices in New York, Toronto, London, 
Paris, Singapore, Sydney, Auckland and Tokyo.

   Forward Looking Statements

   Statements contained in this news release, which are not strictly 
historical, are forward looking within the meaning of the safe harbor 
clause of the Private Securities Litigation Reform Act of 1995. The 
Company makes these statements based on information available to it 
as of the date of this news release and assumes no responsibility to 
update or revise such forward-looking statements.

   Editors and investors are cautioned that forward-looking 
statements invoke risk and uncertainties that may cause the Company's 
actual results to differ materially from such forward-looking 
statements.

   Words such as "projects", "believe", "anticipates", "estimate", 
"plans", "expect", "intends", and similar words and expressions are 
intended to identify forward-looking statements and are based on our 
current expectations, assumptions, and estimates about us and our 
industry. In addition, any statements that refer to expectations, 
projections or other characterizations of future events or 
circumstances are forward-looking statements. Although the Company 
believes that such forward-looking statements are reasonable, we 
cannot assure you that such expectations will prove to be correct. 
Our actual results could differ materially from those anticipated in 
such forward-looking statements as a result of several factors, risks 
and uncertainties. These factors, risks and uncertainties include, 
without limitation, the Company's success in integrating the 
operations of its newly-acquired businesses, and associated reduction 
in costs, the successful implementation of its business plans 
including growth of existing product offerings, strategic 
acquisitions and development of broadband telephony products, the 
successful integration of new management team members, continued and 
increased demand for its services, the successful deployment of new 
equipment and realization of material savings there from, competition 
from larger and/or more experienced telecommunications providers, its 
ability to continue to develop its markets, general economic 
conditions, changes in governmental regulation, and other factors 
that may be more fully described in the Company's literature and 
periodic filings with the Securities and Exchange Commission. You are 
urged to carefully review and consider these disclosures which 
describe certain factors and/or which affect our business.



   Yak Communications Inc. (NASDAQ:YAKC)