Attributes Key Market Position to its 164% Percent Revenue Growth NEW YORK, Nov. 3 /PRNewswire-FirstCall/ -- FiberNet Telecom Group has been named to Deloitte's prestigious Technology Fast 50 Program for New York, a ranking of the 50 fastest growing technology companies in the area. Rankings are based on the percentage revenue growth over five years from 2000-2004. FiberNet President & CEO Jon A. DeLuca credits the company's 164% percent revenue growth from 2000-2004, with FiberNet's leading market position to provide complex interconnection services that enable the proliferation of global networks. Mr. DeLuca said, "Making it to the Deloitte Technology Fast 50 list is a testament to FiberNet's vision and commitment. We are very proud to be able to meet the challenges of our dynamic industry and maintain our competitive edge through continuing innovation and customer focus." FiberNet's increase in revenues of 164% percent from 2000 to 2004 resulted in a 40 ranking in the Technology Fast 50 for New York. The average increase in revenues among companies who made the Technology Fast 50 for this region was 36% percent. This is the first time that the regional Fast 50 program has focused on the entire state; previously, the program focused on the New York City metropolitan area. "Sustaining high revenue growth over five years is an exceptional accomplishment," said Ed Moran, a director at Deloitte Services LP who leads the product innovation group and is the chairperson of the New York Technology Fast 50. "We commend FiberNet for making the commitment to technology and delivering on the promise of market longevity. We are proud to honor FiberNet as a Deloitte Technology Fast 50 winner." To qualify for the New York Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2000 and $1,000,000 in 2004, be headquartered in the state, and be a "technology company," defined as a company that owns proprietary technology that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology in a unique way does not qualify. About FiberNet Telecom Group, Inc. FiberNet Telecom Group, Inc. owns and operates integrated interconnection facilities and diverse transport routes in the two gateway markets of New York/New Jersey and Los Angeles, designed to provide comprehensive broadband interconnectivity enabling the exchange of traffic over multiple networks. FiberNet's customized connectivity infrastructure provides an advanced, high bandwidth, fiber-optic solution to support the demand for network capacity and to facilitate the interconnection of multiple carriers' and customers' networks. For additional information about FiberNet, visit the company's website at 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. About Deloitte Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte", "Deloitte & Touche", "Deloitte Touche Tohmatsu" or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein. Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP. As used in this document, "Deloitte" includes Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, and Deloitte Tax LLP. DATASOURCE: FiberNet Telecom Group CONTACT: Norma I. Salcido of FiberNet Telecom Group Inc., +1-212-405-6210, ; or Ben Billingsley of CooperKatz & Co., +1-212-455-8008, , for FiberNet Web site: http://www.ftgx.com/

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