FiberNet CEO to Participate in Panel Discussion at 'Capacity USA 2005' on 'Investment Opportunities in the US Telecommunications Sector for 2005' NEW YORK, June 10 /PRNewswire-FirstCall/ -- On June 15, 2005, Jon A. DeLuca, President and CEO of FiberNet Telecom Group, Inc. (NASDAQ:FTGXD), a leading provider of complex metro data services, will participate in a panel discussion at "Capacity USA 2005" on the topic "Investment Opportunities in the US Telecommunications Sector for 2005." Held on June 14-15, 2005 at the Marriott Marquis Hotel in New York, Capacity USA 2005 is a leading telecom conference, bringing together the strategic decision makers from carriers, service providers and large enterprise companies. Mr. DeLuca will focus on the outlook for change as related to mergers & acquisitions and industry consolidation. Additionally, he will discuss the qualities of successful business models that are able to attract investment capital. The panel will also discuss investment opportunities in the telecom sector, new technologies and applications driving demand in the industry. Mr. DeLuca brings an enormous amount of expertise from his tenure at FiberNet and his previous experience in investment banking at Bear Stearns and Lazard Freres. About FiberNet Telecom Group, Inc.: FiberNet Telecom Group, Inc. owns and operates integrated colocation facilities and diverse transport routes in the two gateway markets of New York/New Jersey and Los Angeles, designed to provide comprehensive broadband connectivity to other telecommunications service providers and enterprise customers for data, voice and video transmissions. For additional information about FiberNet, visit the Company's website at http://www.ftgx.com/. Various remarks that we may make about FiberNet's future expectations, plans and prospects constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Such remarks are valid only as of today, and we disclaim any obligation to update this information. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors, including those discussed in FiberNet's most recent Annual Report on Form 10-K, which is on file with the Securities and Exchange Commission. DATASOURCE: FiberNet Telecom Group, Inc. CONTACT: Norma I. Salcido, FiberNet Telecom Group Inc., +1-212-405-6210, ; Ben Billingsley, CooperKatz & Co. for FiberNet, +1-212-455-8008, Web site: http://www.ftgx.com/

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