"The telecommunications industry is a $230 billion marketplace and represents one of the single biggest business opportunities in today's economy," said Arunas A. Chesonis, PAETEC's Chairman and CEO. "CLECs represent a significant segment of the local telecommunications industry and ALTS is in the forefront taking the necessary action to help ensure a competitive business environment. I am delighted to play an active role in ALTS and assist in the development and fulfillment of its strategic objectives." ALTS was created in 1987 and represents companies that build, own, and operate competitive local networks. ALTS is dedicated to opening telecom markets and breaking down barriers to competition.

Prior to forming PAETEC, Mr. Chesonis served as President of ACC Corp., the parent company for all ACC-owned operations in the United States, Canada, Germany, and the United Kingdom, from February 1994 until April 1998, and was elected to its Board of Directors in October 1994. Mr. Chesonis holds a B.S. in Civil Engineering from MIT and an MBA from the University of Rochester. This year, Mr. Chesonis was presented with the Ernst & Young Entrepreneur of the Year Award for his innovation within the telecommunications industry.

The ISO standard is an internationally recognized quality-management-system standard developed by the International Organization for Standardization (ISO). To be certified to the standard, companies must institute a quality-management system (QMS) with procedures outlining such issues as training, purchasing, and the steps taken to provide customers the services pledged. PAETEC's ISO 9002 certification reinforces to customers, through an independent third party, that PAETEC operates a QMS in accordance with the ISO standard.

"PAETEC is focused on providing the highest levels of service excellence and maintaining ISO 9002 certification demonstrates that commitment," stated Augie Lindsay, Vice President of MIS and Quality. "By formalizing our documentation and using ISO 9002 to monitor our business operations, PAETEC is positioned to continuously improve quality for our customers, employees, and vendors."

PAETEC first began its registration process in December of 1998. As part of the certification process, BSI performed on-site assessments, examined PAETEC's documented procedures, and audited its overall operations. To determine continued compliance with ISO 9002, BSI has conducted semi-annual surveillance audits of PAETEC's business operations. The audit is a systematic and independent examination to determine whether quality activities and related results comply with planned arrangements and whether these arrangements are implemented effectively and are suitable to achieve objectives. Based in Fairport, NY, PAETEC Communications, Inc. is an integrated communications provider offering broadband services, including advanced voice and video, enhanced data, and communications management services to medium-sized and large businesses, colleges and universities, hospitals, governmental organizations, and affinity groups. PAETEC serves customers in 27 markets, including: Albany, Baltimore, Boston, Buffalo, Chicago, Connecticut, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Pittsburgh, Rhode Island, Rochester, San Diego, Northern Virginia, Syracuse, Washington, DC, and Western Massachusetts. PAETEC currently has over 975 employees.

With more than 15 years of executive-level telecommunications and international management experience, Mr. Bantoft is responsible for PAETEC's entire western region operation. Prior to joining PAETEC, Mr. Bantoft founded an executive consulting and recruiting services firm and acted as its President and Chief Executive Officer. From April 1998 to May 2000, Mr. Bantoft served as President and Chief Operating Officer of WorldxChange Communications, Inc., where he managed the development of 13 international subsidiaries.

From 1994 to 1998, Mr. Bantoft served as ACC Corp.'s Managing Director for Europe and was responsible for the initiation and development of ACC's businesses in the United Kingdom and Germany. Additionally, Bantoft participated in the sale of ACC to Teleport as well as its merger with AT&T. Prior to joining ACC, Mr. Bantoft served as Managing Director for Alcatel Business Systems in the United Kingdom.

"I'm very excited to be a member of such a highly dynamic, driven, and innovative firm such as PAETEC," said Chris Bantoft. "I was fortunate to have been able to interact with many of PAETEC's management team during my tenure with ACC and am delighted to be working with them once again. I look forward to playing a part in fulfilling PAETEC's strategic business objectives." PAETEC's Western Region is anchored by its switching center in Los Angeles. PAETEC currently operates 3 regional sales offices in Southern California, including Culver City (Los Angeles), Irvine and San Diego, employing more than 100 individuals.

"We are excited to be offering a new telecommunications alternative to businesses in Pittsburgh," said Brad Bono, PAETEC's Eastern and Southern Region President. "PAETEC's ability to provide customers with an extensive package of integrated voice, data, Internet, and communications management offerings, coupled with our focus on exceptional customer service, allow us to offer cost-effective, comprehensive services that are customized to a business' specific telecommunications requirements. We look forward to providing flexible solutions to customers in the Pittsburgh area."

All of PAETEC's nine switching centers, located throughout the country, are completely operational and only minor disruptions to our network in New York City have been experienced. While we have contacted most customers by phone, we wanted to make sure all of our customers were aware that our team of employees is working around the clock to restore services to those impacted.

Our first priority is to restore critical services to hospitals and emergency-care providers. Other maintenance requests will be resolved on a first-come, first-served basis. We will gladly re-route calls to other locations, or numbers, if we have not already done so. Please contact your account manager or our customer service department at 1-877-340-2555 to have this arranged.

The World Trade Center was a major hub for many carriers' national and international traffic. While traffic is being re-routed wherever possible, there is national network congestion causing blockage on some calls. We ask for your cooperation as we work with our customers and other carriers on first restoring critical services.

We will continue to accept requests for new service and changes to service. While there certainly will be delays in the New York City area, requests for service in other parts of the country are not anticipated to experience any delays.

"Businesses in Chicago have been extremely receptive to PAETEC," said Dan Maynard, PAETEC's Vice President and General Manager in Chicago. "PAETEC's integrated, customized, and comprehensive communications approach offers business customers the flexible, reliable, and cost-effective services they need. It's our intense commitment to quality, both in service to our customers and our network performance, that has enhanced PAETEC's competitive advantage. We are anxious to build an excellent reputation with businesses here in Chicago like we've accomplished in our other major markets around the country."

"We are very excited by the addition of Mr. Kline to PAETEC's board of directors," commented Arunas A. Chesonis, chairman and chief executive officer of PAETEC. "Mr. Kline has an extensive background in technology, having previously served as a Wall Street research analyst covering the computer and communication industries. His experience and expertise within the telecommunications community will be a tremendous asset to PAETEC."

"Six years of tax cuts and pro-business policies have laid the foundation for today's momentous occasion for PAETEC and the Rochester area," said Governor Pataki. "A sound economic development strategy, combined with the area's talented workforce, created an irresistible climate that PAETEC simply could not resist."

PAETEC Communications, Inc. is an integrated communications provider offering broadband services, including advanced voice and video, enhanced data, and communications management services to medium-sized and large businesses, colleges and universities, hospitals, governmental organizations, and affinity groups throughout the United States.

Arunas A. Chesonis, Chairman and CEO of PAETEC Communications, said, "We are delighted by the support we have received from our state and our local community. Rochester continues to be a great place to do business and raise a family and we are very excited that PAETEC's national headquarters is located here." PAETEC currently serves customers in over 27 markets, including: Albany, Baltimore, Boston, Buffalo, Chicago, Connecticut, Long Island, Los Angeles, Miami, New Hampshire, New York City, New Jersey, Orange County, Philadelphia, Rhode Island, Rochester, San Diego, Northern Virginia, Syracuse, Washington DC, Chicago, and Western Massachusetts. PAETEC is a privately held company and has more than 975 employees nationwide.

Local quotes...

Charles A. Gargano, Chairman of Empire State Development, said, "PAETEC is a growing company with big ideas on how to revolutionize the communications industry. High-tech companies are creating the jobs of the future. The Governor's policies work to win job commitments from companies like PAETEC are put New Yorkers in the strong competitive position to attract further investments and greater economic benefits."

"PAETEC is committed to delivering quality services and value to its customers," said Matt Coso, PAETEC's Vice President of Sales in Upstate New York. "One of our key objectives is to help customers increase their productivity and reduce their costs by providing the right solution for their communications needs. MPX's wireless network connection represents another opportunity for PAETEC to offer comprehensive value-added services to businesses in Upstate New York."

PAETEC provides its customers with a complete suite of integrated voice and data services that can be delivered over this dedicated wireless connection. The use of MPX's technology enables PAETEC to offer its customers a connection with route and technology diversity, providing an alternative or supplemental means of transporting telecommunications traffic using wireless rather than wireline facilities. "Large and small companies increasingly view their Internet and telephone connections as critical to their business. Downtime for any reason is unacceptable," said Dan Martin, Director of Network Planning at PAETEC. "In this situation, MPX can provision a wireless connection to reliably handle our customers' voice and data information that is completely independent of the existing telecommunications infrastructure."

To create the wireless connection, MPX deploys a series of FCC-licensed microwave radio systems creating multiple channels that transmit digital data at DS-3 speeds (45 megabits per second), OC-3 speeds and above. Each DS-3 channel can carry the equivalent of 672 phone conversations at once. In addition to engineering and installing the connections, MPX provides monitoring and on-site maintenance support to PAETEC over the term of the 5-year contract.

"While our services are frequently used to create a primary network link, fixed wireless connections can provide an added layer of insurance that helps a CIO sleep better," said Mark Palvino, President and Co-Founder of MPX. "MPX can provide PAETEC, and its customers, with affordable 'disaster recovery' solutions for transmission of mission-critical data."

MPX has installed high-bandwidth, fixed wireless networks and connections in the Rochester, N.Y. area and across the country, serving carrier and enterprise customers in more than 20 states. About MPX
Based in Pittsford, NY, MPX is dedicated to building fixed wireless data infrastructure networks. MPX engineers, installs, and supports systems that create high-bandwidth data connections between locations in a carrier, Internet Service Provider or private-enterprise network. MPX's wireless links give customers a reliable and secure alternative to the challenges and costs of provisioning fiber or copper lines.

PAETEC operates these high-capacity, dedicated fiber-optic facilities to transport traffic between switches, enabling it to reduce network costs and provide services to customers more quickly. These facilities also enable PAETEC to offer high-quality broadband Internet access and transport for voice, data, and video services. Coupled with the cost-effective packet-switching technology that is being implemented for PAETEC's network backbone, these dedicated facilities should continue to facilitate network expansion, provide flexibility for deployment of new services, and increase network reliability.

According to Dan Martin, PAETEC's Director of Network Planning, "PAETEC's strategy is to develop, install, and continue to invest in an advanced data-ready network which enables us to meet and exceed our customers' needs for new product offerings. The contract with Global Crossing entitles PAETEC to purchase and operate a large supply of transmission lines needed to operate our business operations, support continued growth, and reduce transport costs." "We are very pleased to see PAETEC utilizing the circuits available under our agreement," said Tony Sgroi, Global Crossing's President of North America Carrier Services. "Global Crossing's fiber-optic network provides PAETEC, a premier ICP, with increased network capacity and connectivity, and enhances its ability to offer high-end, value-added services to its customers."

PAETEC's implementation of Kintana Create (a registered trademark) and Kintana Deliver (a registered trademark) enables PAETEC to effectively automate, manage, and control its implementation and maintenance processes. PAETEC said its deployment times for some business applications were reduced by up to 30%, and Kintana's software has helped establish repeatable and reliable processes for PAETEC's IT organization.

"As one of the first CLECs to receive ISO 9002 certification, PAETEC is focused on continuously monitoring its business processes to ensure complete customer satisfaction," stated Bob Moore, PAETEC's vice president of information technology. "The implementation of Kintana's software further demonstrates that commitment. Kintana's software not only impacts automation, but improves collaboration and integration by reducing miscommunication between work teams as it helps move processes forward to completion through guided review and approval."

"We are delighted by the addition of Mr. Grissom to PAETEC's board of directors," commented Arunas A. Chesonis, chairman and chief executive officer for PAETEC. "His extensive background within the investment and telecommunications communities will be a major asset to our organization as we continue to grow and prosper. His experience, leadership, and enthusiasm will be a tremendous addition to our company."

Mr. Grissom is a director with Madison Dearborn Partners, Inc., a Chicago-based private-investment firm, where he specializes in investing in companies in the communications industry. Prior to joining Madison Dearborn Partners, Mr. Grissom worked in private-equity investing with Bain Capital, Inc., management consulting with McKinsey & Company, Inc., and investment banking with Goldman, Sachs & Co. Mr. Grissom currently serves on the boards of directors of Cbeyond Communications, LLC, Looking Glass Networks, LLC, Neoworld, Inc., @stake, Inc., and Storability, Inc. Mr. Grissom holds an A.B. degree from Amherst College and a MBA degree from Harvard Graduate School of Business Administration. "It's been exciting to follow PAETEC's growth and success," said Doug Grissom. "PAETEC remains focused on achieving its business objectives and committed to providing the highest levels of service excellence to its customers. I'm impressed by the drive, energy, and innovation displayed by the entire PAETEC team and look forward to playing a role in helping PAETEC realize its strategic vision of being the most customer- and employee-oriented integrated communications provider."

Based in Fairport, NY, PAETEC Communications, Inc. is an integrated communications provider offering broadband services, including advanced voice and video, enhanced data, and communications management services to medium-sized and large businesses, colleges and universities, hospitals, governmental organizations, and affinity groups. PAETEC serves customers in 27 markets, including: Albany, Baltimore, Boston, Buffalo, Chicago, Connecticut, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Rhode Island, Rochester, San Diego, Northern Virginia, Syracuse, Washington DC, and Western Massachusetts. PAETEC currently has over 975 employees.

USTA provides a forum for local telephone companies to unite and advance the concerns of the telecommunications industry. The CLEC Council of the USTA meets regularly to discuss legislative, regulatory, and technical issues and develop long-range strategic plans. Bono was appointed to the Council for a three-year term.

Bono, one of the founders of PAETEC, has served as President of PAETEC's Eastern Region since June of 1998 and as the President of the Southern Region since April 2000. For three years prior to joining PAETEC, Bono served as vice president of Alternate Channels for ACC Telecom. Bono also co-founded Vista International Communications, Inc., a regional interexchange carrier, where he served as Executive Vice President and Chief Operating Officer from 1991 until ACC Telecom's acquisition of Vista in 1997.

The Entrepreneur Of The Year program was founded and produced by Ernst & Young LLP and nationally co-sponsored by USA Today, CNN, the NASDAQ Stock Market, and the Kauffman Center for Entrepreneurial Leadership at the Ewing Marion Kauffman Foundation. Entrepreneur Of The Year is sponsored locally by Bowne, Buffalo Niagara Partnership, The Central New York Business Journal, The Citibank Private Bank, Marsh USA, Inc., Niagara Mohawk Power Corporation and the Rochester Business Journal. Based in Fairport, NY, PAETEC Communications, Inc. is an integrated communications provider offering broadband services, including advanced voice and video, enhanced data, and communications management services to medium-sized and large businesses, colleges and universities, hospitals, governmental organizations, and affinity groups. PAETEC serves customers in 27 markets, including: Albany, Baltimore, Boston, Buffalo, Chicago, Connecticut, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Rhode Island, Rochester, San Diego, Northern Virginia, Syracuse, Washington, DC, and Western Massachusetts. PAETEC currently has over 975 employees.

Ernst & Young, a global leader in professional services, helps clients quickly and confidently make financial decisions designed to enhance value. Its 77,000 people in more than 130 countries have the industry and financial experience to provide fresh perspectives on operating successfully in the new economy. Ernst & Young offers traditional audit and tax services, as well as customized services in corporate finance, online security, risk management, the valuation of intangibles and e-business acceleration. In addition, legal services are available in various parts of the world where permitted. A collection of Ernst & Young's latest ideas on the new economy can be found at www.ey.com/thoughtcenter.

Ernst & Young refers to the U.S. firm of Ernst & Young LLP and other members of the global Ernst & Young organization.

The suite of software includes Protector Deluxe, one of the industry's most widely used fraud-detection systems, and ShowCDR Deluxe, a sophisticated call-record search-utility system. Together, the systems will offer PAETEC a comprehensive view of its network activity so that it can increase efficiency and combat the rising problem of telecommunications fraud.

"PAETEC chose the Protector system because of its ability to quickly focus on suspect and fraudulent activity," said Mary Hochheimer, PAETEC's Fraud Manager. "As PAETEC's customer base grows and traffic increases, Protector and ShowCDR will provide us with the flexibility and ease of use necessary to offer our customers significant protection against telecommunications fraud. In addition, the Equinox suite reduces cost with enhanced fraud monitoring for our long distance traffic and advanced trouble shooting which should increase customer satisfaction and our competitiveness."

PAETEC provides its enhanced voice, video, and high-speed data communications services to businesses in 27 markets served by its 9 switching centers. PAETEC's customer growth and rapid installation schedule can be attributed to a combination of several factors, including its advanced network, customized communications solutions, integrated back-office systems, and service-oriented employees.

Ann Arbor, Mich.
Jim Dancer
David Miller Jr.

Irvine, Calif.
William Pavone

Rochester, N.Y.
Jason Elston
Sedrick Rogers
Patrick Hobbs

Boston, Mass.
Mike Connolly

Sterling, Va.
William Sewell

The employees are the first from PAETEC to complete the RIT Voice Communications certificate program, which they began last September. Hobbs received his certificate in March; the other seven employees received their certificates in May.

In the billion-dollar telecommunications market, where experienced employees are at a premium, PAETEC made a corporate decision to invest in employee education as one sure way of developing the expertise of its own work force.

"The technology we're dealing with is changing so rapidly that you risk becoming obsolete if you sit still," said PAETEC Executive Vice President Richard Ottalagana. "We need to continually educate ourselves to be successful." Through RIT Corporate Education and Training, the company is providing its employees with direct access to RIT's premier online telecommunications program, which includes three certificate levels: Voice Communications, Data Communications, and Telecommunications Network Management. Employees are enthusiastic about the opportunity, and over 130 current PAETEC employees are involved in the program at different levels.

PAETEC also chose to work with CET as its educational partner because it has the flexibility to accommodate a rapidly growing business.

"We're 100 percent in favor of using online education," Ottalagana said. "It's the only way to reach a widely dispersed work force. And again, RIT was able to accommodate our needs so that employees could receive an education based on their schedules."

PAETEC expects that many of its employees will complete the program and receive all three professional certificates from Rochester Institute of Technology.

Based in Fairport, N.Y., PAETEC Communications Inc. is an integrated communications provider (ICP) offering broadband services, including advanced voice and video, enhanced data and communications management services to medium-sized and large businesses, colleges and universities, hospitals, governmental organizations, and affinity groups. PAETEC serves customers in 27 markets, including Albany, Baltimore, Boston, Buffalo, Chicago, Connecticut, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Rhode Island, Rochester, San Diego, Northern Virginia, Syracuse, Washington D.C. and Western Massachusetts. RIT Corporate Education and Training specializes in providing organizations with learning solutions by world-class experts in engineering, telecommunications, science, printing and imaging, computer technology, business and more. CET's staff helps companies identify and fulfill their education and training needs to reach new levels of expertise and productivity.

Based in Fairport, N.Y., PAETEC Communications Inc. is an integrated communications provider offering broadband services, including advanced voice and video, enhanced data and communications management services to medium-sized and large businesses, colleges and universities, hospitals, governmental organizations and affinity groups. PAETEC serves customers in 26 markets, including Albany, Baltimore, Boston, Buffalo, Chicago, Connecticut, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Rhode Island, Rochester, San Diego, Northern Virginia, Syracuse, Washington D.C. and Western Massachusetts

PAETEC's ASP offering is designed to provide communications management services, through the Pinnacle Communications Management System, to its customers at an affordable cost. By hosting the management system and related database on centralized servers, PAETEC customers will be able to operate, maintain, and support the Pinnacle Communications Management System as if the software was operated internally from the customer's own computer equipment, but without the corresponding responsibility, administration, and overhead. PAETEC's ASP customers will receive this functionality via Internet or dedicated T-1 access and all processing will occur on PAETEC's server cluster located within its secured data operations center. All ASP communications are encrypted and all ASP servers and databases are secured and fault tolerant.

"PAETEC's ASP offering generates significant operational economies of scale for customers," said Richard Lines, PAETEC's President, Pinnacle Product Solutions. "Hosting customers' applications internally allows PAETEC to leverage its existing operational systems and technical expertise, while providing consistent, cost-effective and quality service to its customers. Customers no longer need to struggle with the demands of managing and supporting a communications management system and can instead focus their efforts on realizing their strategic objectives." The State University of New York College at Geneseo has successfully converted to the PAETEC ASP service. According to Jerry Burns, SUNY Geneseo's Director of Telecommunications Services, "The transition to PAETEC's ASP has been seamless. We're excited by the opportunities that operating under PAETEC's ASP will now provide the college. Our telecommunications department will be in a stronger position to focus its resources on its core mandate of effectively managing its telecommunications business operations, rather than concentrating energies toward managing the system environment."

"We're very excited to be offering businesses and institutions in Chicago an alternative to their critical communications needs," said Jack Baron, President of PAETEC's Northern and Midwestern Regions. "PAETEC's ability to provide customers with an extensive package of integrated voice, data, Internet, and communications management services, coupled with competitive pricing and quality customer service, will allow us to deliver comprehensive communications solutions tailored to a customer's specific needs. We've already achieved successes in other Tier-I markets, such as Boston, New York and Los Angeles, and look forward to providing advanced, cost-effective service offerings to customers in Chicago."

CompTel is governed by an 18-member Board of Directors directly elected by the membership at its annual meeting in February with 6 Board members each elected from small-, medium-, and large-sized companies. Ambersley was elected for a one-year term to the Board and is represented in the medium-sized category. This category reflects companies generating annual revenues between $25 to $250 million.

Ambersley has served as one of PAETEC's Executive Vice Presidents since June of 1998 and was appointed to his current position as Executive Vice President of Mergers and Acquisitions in April of 2000. For seven years prior to joining PAETEC, Ambersley functioned as Vice President of Carrier Sales at National Telecommunications of Florida. Ambersley has served on several association boards, including America's Carriers Telecommunications Association and the Association of Communications Companies of America. "I'm very excited to be associated with one of the most-respected advocates for the competitive telecommunications industry and look forward to playing a role in assisting CompTel in their mission of advancing the interests of communications carriers to help ensure a full and fair competitive environment both here and abroad" , stated Joe Ambersley.

"While weakened economic conditions have impacted the financial performance of many companies throughout the nation, PAETEC has achieved positive operating results," stated Richard Ottalagana, PAETEC's Executive Vice President. "The key to PAETEC's success is the continued effort and teamwork displayed by its employees to reach corporate strategic objectives. It is their dedication and commitment that has resulted in the attainment of the bonus." PAETEC's bonus calculation was based upon overall corporate performance, not individual performance. PAETEC's policy is to incentivize its employees as much as possible to work together to achieve positive results for the company while at the same time to reward employees individually for their performance. Bonuses for all non-commissioned employees, ranging from entry-level to senior-executive positions, are calculated utilizing the same formula. Therefore, each eligible employee receives the same percentage bonus.

Providing telecommunications solutions to health care service providers has been an important focus for PAETEC since its inception in 1998. PAETEC is able to tailor its suite of enhanced voice and data services, which includes bundled capacity for local, long distance and high speed Internet access, to the specific needs of hospitals and health care centers.

PAETEC has organized a national strategic markets development team that supports its health care customers, which includes many large hospitals. PAETEC believes that this strategic focus has played a key role in driving PAETEC's growth in the health care sector. According to Bob Schwartz, PAETEC's Executive Vice President of Strategic Markets, "We are excited by the momentum we have generated in the health care industry. Our goal is to provide innovative solutions and excellent customer service, while minimizing our customers' telecommunications expenses. We work hand in hand with our health care partners to develop comprehensive communications solutions that will meet their critical business needs. We seek to continue to increase the number of health care customers we serve by continuing to expand the suite of integrated products and services, such as our recent introduction of an Application Service Provider (ASP) platform, that we can customize to meet the diverse objectives of our health care customers."

PAETEC provides its high speed data and voice communications services to businesses in twenty five markets served by its eight switching centers. Its ability to bundle a suite of value-added communications product offerings via an advanced data-ready network continues to attract and retain customers.

Wilson was most recently Vice President and Team Leader for the Telecommunications Finance Group at Union Bank of California where he focused on sourcing and providing capital for telecommunications services companies in the wireline, wireless and data services markets. Prior to joining Union Bank of California, he was a Vice President of Merchant Banking and Head of Syndicated Finance for First Dominion Capital, based in New York.

Keith Wilson has been providing capital for telecommunications companies for the past nine years and has been involved in raising and providing over $15 billion in capital for telecommunications companies, including private equity, mezzanine debt, senior bank debt and public debt. "We are very excited by the addition of Keith Wilson to the PAETEC team," stated Arunas A. Chesonis, PAETEC's Chairman of the Board and CEO. "Keith's extensive background in telecommunications and finance will be a key asset for us as we continue to grow and become more successful. He brings with him not only experience, but enthusiasm, professionalism, and energy."

Wilson also has held positions with NationsBank, Bank of Boston and Fleet Bank. He received a Bachelor of Arts degree from Dickinson College in Carlisle, PA where he was a Nisbet Scholar, and a Masters degree from The University of Michigan, in Ann Arbor, MI.

About PAETEC
Based in Fairport, NY, PAETEC Communications, Inc. is an integrated communications provider offering broadband services, including advanced voice and video, enhanced data, and communications management services to medium and large sized businesses, colleges and universities, hospitals, governmental organizations and affinity groups. PAETEC serves customers in over 25 markets, including: Albany, Baltimore, Boston, Buffalo, Connecticut, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Rhode Island, Rochester, San Diego, Northern Virginia, Syracuse, Washington DC, and Western Massachusetts. PAETEC currently has over 950 employees.