Kaufman Brothers Investor Conference
New York City
Wednesday, September 3, 1:00 p.m. ET

Jefferies Communications Conference
New York City
Tuesday, September 9, 4:15 p.m. ET

Merriman Curhan Ford Investor Summit
San Francisco, Calif.
Monday, September 15, 3:30 p.m. PT, 6:30 p.m. ET

Deutsche Bank Leveraged Finance Conference
Scottsdale, Ariz.
Thursday, September 25, 8:35 a.m. MT, 11:35 a.m. ET

A copy of any associated written presentations will be made available on the Investor Relations portion of www.paetec.com.

PAETEC hosts the secure mass-notification service at geographically redundant facilities, which relieves customers of the burden of purchasing and maintaining the necessary hardware and software. Hosted Broadcast Notification delivers voice or text messages to multiple devices and can be activated securely over the Internet or by telephone.

"PAETEC's Hosted Broadcast Notification service can launch thousands of simultaneous notifications across multiple channels, ensuring that a target audience quickly receives vital and accurate information," said PAETEC Chief Marketing Officer Jeff Burke. "As a carrier-based solution, this service reduces IT complexity for our customers and helps them respond effectively to any emergency."

Hosted Broadcast Notification can send a message in multiple formats, including:

• Voice over landlines


• Voice over mobile phones


• E-mail


• SMS text message


• Fax/TTY (Text Telephone)


• Text-to-speech

Hosted Broadcast Notification is available now across PAETEC's network footprint. For more information, contact your local PAETEC sales office or visit www.paetec.com.

About PAETEC
PAETEC (NASDAQ GS: PAET) is personalizing communications for business-class customers across the United States. We offer a comprehensive suite of data, voice, and IP services, as well as enterprise communications management software, network security solutions, CPE, and managed services. For more information, visit www.paetec.com.

PAETEC is a leading national communications carrier that provides voice and data solutions to business-class customers. FTS is a global provider of billing, customer relationship management (CRM) and Business Control Solutions for communications, content and service providers.

"PAETEC has leveraged FTS' billing-platform expertise for more than a decade, and the flexibility of their solutions is very much aligned with PAETEC's business model," said Robert D. Moore, PAETEC's Senior Vice President and Chief Information Officer. "The enhanced capabilities we will gain through this migration will help us continue to address our customers' needs in the most effective and efficient manner possible.

"FTS has proven themselves to be a reliable partner for PAETEC, and they have a deep understanding of the competitive communications industry," Moore said.

Shaul Ganel, President, FTS Americas, said, "FTS has a long history with PAETEC and their evolving billing practices. We look forward to continuing our support for PAETEC's customer-billing requirements."

About PAETEC
PAETEC (NASDAQ GS: PAET) is personalizing communications for business-class customers across the United States. We offer a comprehensive suite of data, voice, and IP services, as well as enterprise communications management software, network security solutions, CPE, and managed services. For more information, visit www.paetec.com.

• Revenue of $405.3 million, which represented a 47.7% increase over second quarter 2007 revenue of $274.5 million;


• Adjusted EBITDA* of $60.2 million, which represented a 14.7% increase over second quarter 2007 adjusted EBITDA of $52.5 million (with a net loss of $(14.7) million compared to net income of $6.0 million for second quarter 2007);


• Net cash provided by operating activities of $44.1 million for the 2008 quarter compared to $36.0 million for the 2007 quarter;


• Free cash flow* of $25.5 million, which represented the 22nd consecutive quarter in which PAETEC or its predecessor generated positive free cash flow;

More than 200 RE/MAX locations have already contracted with PAETEC, recognized as providing one of the more advanced and comprehensive platforms of integrated communications technology available today. The platform now available to RE/MAX offices as a result of this partnership includes, data and IP-based solutions, comprehensive voice solutions, advanced Toll-Free services and a unique Equipment for Services program that can subsidize the cost of capital expenditures.

"In an industry where communication is paramount, our offices need to have the most advanced communication management technology available," said Kristi Graning, Senior Vice President, Information Technology and eBusiness for RE/MAX International. "By partnering with PAETEC, RE/MAX Offices have an opportunity to integrate advanced technology into their businesses with the help of leading experts and at competitive prices."

"PAETEC is a trusted advisor on complex communications technology decisions, and our customer satisfaction levels set the benchmark for the communications industry," said Chris Bantoft, West Region President for PAETEC. "We look forward to making PAETEC's full range of data and voice solutions available to RE/MAX offices nationwide."

In addition to PAETEC's extensive product portfolio, the company has a dedicated national RE/MAX support team for customer service and other needs.

For more information about PAETEC, visit their website at www.paetec.com/remax or call 1-877-PAETEC8.

About REMAX
RE/MAX was founded by Dave and Gail Liniger in 1973 in Denver, Colorado. From a single office in Denver, Colorado, RE/MAX has grown to be a global network of nearly 110,000 Sales Associates in over 65 countries. No one sells more real estate than RE/MAX. Today, all the home listings in thousands of cities and towns, can be found at www.remax.com, the most visited web site of any real estate brokerage brand.

RE/MAX is proud of its Premier Community Citizenship, which has raised millions of dollars for deserving organizations like Susan G. Komen for the Cure, Children's Miracle Network and The Sentinels of Freedom Foundation.

To ensure high-quality voice communications, PAETEC's Quality of Service (QoS) capabilities instantly give voice signals priority over data. When no voice signals are present, all available bandwidth can be used for data.

The benefits of PAETEC's SIP Trunking include:

• Compression techniques that can deliver more high-quality voice pathways simultaneously over a single T1 connection than the traditional Primary Rate Interfaces (PRIs), resulting in improved network efficiency.


• Dynamic allocation of voice and data bandwidth requirements.


• VoIP-to-TDM voice conversion provided in the network.


• Unlimited and expanded free local calling areas.


• Site-to-site voice and data sharing that is protected from the public Internet.


• Lower cost per voice path and user as the number of users grows.

To find an Authorized Toshiba Dealer in your area, visit the Toshiba website at www.telecom.toshiba.com. For more information on PAETEC, visit www.paetec.com.

About PAETEC
PAETEC (NASDAQ GS: PAET) is personalizing communications solutions for business customers across the United States. We offer a comprehensive suite of data, voice, and IP services, as well as enterprise communications management software, network security solutions, CPE, and managed services. For more information, visit www.paetec.com.

About Toshiba America Information Systems Inc. (TAIS)
Headquartered in Irvine, Calif., TAIS is comprised of four business units: Digital Products Division, Imaging Systems Division, Storage Device Division, and Telecommunication Systems Division. Together, these divisions provide mobile products and solutions, including industry leading portable computers; projectors; imaging products for the security, medical and manufacturing markets; storage products for automotive, computer and consumer electronics applications; and telephony equipment and associated applications.

TAIS provides sales, marketing and services for its wide range of information products in the United States and Latin America. TAIS is an independent operating company owned by Toshiba America, Inc., a subsidiary of Toshiba Corporation, which is a global leader in high technology and integrated manufacturing of electrical and electronic components, products and systems, as well as major infrastructure systems. Toshiba has more than 191,000 employees worldwide and annual sales of over US $76 billion (FY2007). For more information on Toshiba's leading innovations, visit the company's Web site at www.toshiba.com.

• Broaden product breadth and geographic reach through acquisitions.


• Leverage word-of-mouth recommendations and referrals to expand presence.


• Address customers with a specific profile or in specific vertical market segments.


• Treat employees as critical corporate assets.

• Chris Bantoft, President, West Region


• Joseph Ceryanec, President, Central Region


• Mario DeRiggi, President, East Region


• John Leach, President, South Region

These leaders and areas of responsibility are:

• Jack Baron, President, Advanced Solutions Group


• Doug Derstine, President, Wholesale Markets

• Router Configuration, which provides initial router configuration and ongoing configuration support.


• Managed Router Support Services, which adds the support of PAETEC's Technical Assistance Center (TAC). The TAC maintains a constant view of PAETEC-managed routers via a ping Monitoring program that automatically generates an incident report as well as a subsequent trouble ticket if an outage is detected.


• Advanced Managed Router, which includes the support listed above plus the additional benefit of proactive notification from PAETEC's Data TAC Engineers.

• Revenue of $358.8 million, which represented an 85% increase over first quarter 2007 revenue of $194.0 million;


• Adjusted EBITDA* of $59.5 million, which represented a 74% increase over first quarter 2007 adjusted EBITDA of $34.2 million;


• Net loss of ($3.0) million compared to a net loss of ($5.8) million in first quarter 2007;


• Free cash flow* of $38.1 million, which represented the 21st consecutive quarter in which PAETEC or its predecessor generated positive free cash flow;


• Net cash provided by (used in) operating activities of $2.6 million for the 2008 quarter compared to $(25.1) million for the 2007 quarter; and


• An increase of 43% in the number of access line equivalents in service, from 2.92 million as of December 31, 2007, to 4.19 million as of March 31, 2008.

"Ten years ago, a small group of telecom veterans came together with the mission to build the most customer- and employee-oriented communications company in the industry," said Arunas A. Chesonis, PAETEC Chairman and Chief Executive Officer. "By delivering personalized solutions to complex communications challenges, PAETEC has achieved incredible growth, with a $1.7 billion annual revenue run rate and more than 3.5 million access line equivalents in service."

PAETEC's organic growth through the years has been supplemented through strategic acquisitions, and its geographic footprint has expanded dramatically, extending to 82 of the top 100 US Metropolitan Statistical Areas (MSAs) in 2008. The company's national network infrastructure encompasses 77 traditional switching facilities, 39 Internet Protocol (IP) soft switches, and 17,000 local route miles of fiber.

"The last 10 years have been tumultuous years for the communication industry," said Michael Suby, Director of Stratecast, a division of the research firm Frost & Sullivan. "Surviving and thriving communication service providers are those that present a genuine choice in this highly competitive market and continuously listen and respond to their customers. PAETEC epitomizes these attributes."

PAETEC's growth is now fueled by a broad portfolio of data communications services, particularly multi-site MPLS VPN (Multi-Protocol Label Switching Virtual Private Network) and Voice over Internet Protocol (VoIP), as well as Network Security, Dedicated Internet Access and Managed Firewall. The company also has developed multiple value-added offerings that help customers operate more efficiently and achieve the best return on their telecommunications spending.

"We are the premiere alternative to the ILECs, based on our nationwide footprint, breadth of products, and quality of service," said EJ Butler, Jr., the company's Chief Operating Officer. "Our pledge is to continue listening to our customers, as they provide incredibly valuable feedback that we use to refine our service processes and shape our product roadmap."

The PINNACLE V6 SLM framework is derived from a suite of certified best-practice processes recognized by the International Standards Organization (ISO). The entire application, from backend data storage to business logic and user interface, is embedded into a single Oracle container so users can easily migrate between hosted, licensed and even outsourced solutions.

PINNACLE V6 already has been successfully deployed by numerous early adopters, enabling them to:

• Efficiently manage the lifecycle of who, what, where, why and how information technology (IT) services are deployed and configured throughout their enterprise


• Gather real-time Business Intelligence to improve operational performance


• Streamline workflow by managing data integrity and security while enabling self-service order fulfillment and electronic billing payment and presentation


• Enforce effective financial management for all service support and delivery activities from procurement to payment and chargeback


• Alleviate cost pressures by integrating PINNACLE with other business systems through an open SOA-based technology framework

A full list of Product of the Year winners will be published in the March 2008 issue of Unified Communications magazine, www.uc-mag.com.

For more information about TMC, please visit www.tmcnet.com.

About PAETEC
PAETEC (NASDAQ GS: PAET) is personalizing communications solutions for business customers across the United States. We offer a comprehensive suite of data, voice, and IP services, as well as enterprise communications management software, network security solutions, CPE, and managed services. For more information, visit www.paetec.com.

About Unified Communications magazine
New in July 2007, Unified Communications magazine is devoted to educating enterprise decision makers on why and how they need to deploy unified communications (UC) solutions. Every issue of Unified Communications magazine features a comprehensive news section; case studies of successful deployments and lessons learned; interviews with leading hardware and software companies; and an 'industry' section, featuring analysis of important mergers and acquisition, partnerships and a Wall Street perspective on the unified communications market. Unified Communications has a subscriber base of 41,509.

About TMC
Technology Marketing Corporation (TMC) is an integrated global media company helping our clients build communities in print, online and in-person. TMC publishes Customer Interaction Solutions, INTERNET TELEPHONY, Unified Communications, and IMS Magazine. TMCnet, TMC's Web site, is the leading source of news and articles for the communications and technology industries. According to Quantcast, TMCnet reaches nearly one million U.S. unique visitors each month. TMCnet serves as many as three million unique visitors globally each month according to Webtrends. TMC is also the first publisher to test new products in its own on-site laboratories, TMC Labs. In addition, TMC produces INTERNET TELEPHONY Conference & EXPO, and Call Center 2.0 Conference. (*alexa.com is an amazon.com company that ranks Web sites by their traffic levels. Neither alexa.com nor amazon.com is affiliated with TMCnet.)

• Fourth quarter revenue of $288.6 million, which represented a 91% increase over fourth quarter 2006 revenue of $151.5 million;


• Fourth quarter adjusted EBITDA* of $55.7 million, which represented a 118% increase over fourth quarter 2006 adjusted EBITDA of $25.6 million;


• Fourth quarter free cash flow* of $26.5 million, which represented the 20th consecutive quarter in which PAETEC or its predecessor generated positive free cash flow;


• Fourth quarter net income of $15.5 million compared to fourth quarter 2006 net income of $2.6 million;


• For the year, revenue of $1.04 billion and adjusted EBITDA of $196.2 million, up 78% and 114%, respectively, from 2006;


• For the year, net income of $10.5 million compared to 2006 net income of $7.8 million;


• A year-end cash balance of $112.6 million;


• An increase of 129% in the number of access line equivalents in service, from 1.26 million as of December 31, 2006, to 2.88 million as of December 31, 2007.

The new PAETEC Music Tour will feature an inclusive scope of genres including rhythm and blues, jazz, soul and more. Two to three acts will be presented nightly in a double or triple bill for one entry price.

The Tour is produced by John Nugent and Marc Iacona, producers of the fast-growing and critically-acclaimed Rochester International Jazz Festival, which drew more than 121,000 people last year.

Additional information about the transaction will be contained in PAETEC's current report on Form 8-K to be filed with the Securities and Exchange Commission.

Forward-Looking Statements
Except for statements that present historical facts, this release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. In some cases, you can identify these statements by such forward-looking words as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "plan," "potential," "should," "will" and "would," or similar expressions. These statements, which include statements regarding expected revenue, access line equivalents, network efficiencies and number of markets of the combined company, and the anticipated competitive position of the combined company, involve known and unknown risks, uncertainties and other factors that may cause PAETEC's actual operating