Cypress Communications Assists Former NorthPoint Customers

Apr 11, 2001, 01:00 ET from Cypress Communications, Inc.

    ATLANTA, April 11 /PRNewswire/ --
 Cypress Communications, Inc. (Nasdaq:   CYCO), a leading provider of in-building
 broadband communications services, today announced that it has signed service
 agreements with more than 25 of NorthPoint Communications' former business
 customers within the last two weeks.
     "We are doing everything we can to help former NorthPoint customers get
 back on line as quickly as possible.  Because we own and operate our in-
 building fiber-optic infrastructure, we can typically connect a new customer
 in a matter of days, unlike many service providers that can take up to a month
 to provision a new customer.  This has been an enormous relief to many
 businesses whose NorthPoint services have recently been terminated," said
 Frank Blount, chairman and chief executive officer of Cypress Communications.
     In March, the United States Bankruptcy Court approved AT&T's purchase of
 substantially all of NorthPoint's assets.  AT&T chose not to acquire
 NorthPoint's wholesale business, and without enough funds to keep its network
 running, NorthPoint notified service providers of an "imminent" shutdown.
     "NorthPoint's troubles clearly were not the result of a lack of demand for
 broadband services.  Small and medium-sized businesses continue to demand
 faster and better broadband communications services.  The number of calls we
 continue to receive from customers of defunct service providers is evidence of
 this," added Mr. Blount.
     Recently Cypress Communications announced a revised business plan that is
 designed to fully fund the company's ongoing business operations and eliminate
 the company's need to raise additional capital.
     "With this fully funded plan we are well positioned to reap the benefits
 of the ongoing telecom sector shakeout, and we fully intend to capitalize upon
 these opportunities to further expand our customer base," Mr. Blount
 concluded.
 
     Cypress Communications
     Cypress Communications provides comprehensive broadband solutions to
 businesses located in commercial office buildings in major metropolitan
 markets throughout the United States.  The company offers a fully integrated,
 customized communications package that typically includes high-speed, fiber
 optic Internet connectivity, e-mail services, Web hosting services, remote
 access connectivity, local and long distance voice services with advanced
 calling features, feature rich digital telephone systems and digital satellite
 business television.  Cypress Communications also wholesales components of its
 in-building fiber optic network infrastructure to other licensed
 communications providers.
     For more information, please visit the web site at www.cypresscom.net .
     This press release contains forward-looking statements within the meaning
 of the Federal securities laws.  Forward-looking statements include all
 statements, estimates, projections, expectations or predictions about future
 events and often include words such as "estimate," "projects," "will,"
 "targets," "expects," "believe," "is designed to" and other words or
 expressions indicating statements about the future.  Without limiting the
 foregoing, forward-looking statements in this press release include statements
 relating to the company's need for additional funding, the company's
 opportunities for expansion in the future, and the company's ability to
 capitalize in service terminations by NorthPoint and other communications
 service providers and volatility in the telecommunications industry generally.
 Reliance should not be placed on forward-looking statements because they
 involve known and unknown risks and uncertainties which may cause the actual
 results, performance or achievements of the company to differ materially from
 anticipated future results, performance or achievements expressed or implied
 by such forward-looking statements.  These risks and uncertainties, include,
 among other things, the intense competition for the company's service
 offerings, dependence on growth in demand for the company's services, the
 company 's ability to manage increased demand and associated and associated
 growth in operations, and other risks and uncertainties detailed from time to
 time in the company's Securities and Exchange Commission filings.  The company
 disclaims any obligation to update any of the forward-looking statements
 contained herein to reflect future events or developments.
 
 

SOURCE Cypress Communications, Inc.
    ATLANTA, April 11 /PRNewswire/ --
 Cypress Communications, Inc. (Nasdaq:   CYCO), a leading provider of in-building
 broadband communications services, today announced that it has signed service
 agreements with more than 25 of NorthPoint Communications' former business
 customers within the last two weeks.
     "We are doing everything we can to help former NorthPoint customers get
 back on line as quickly as possible.  Because we own and operate our in-
 building fiber-optic infrastructure, we can typically connect a new customer
 in a matter of days, unlike many service providers that can take up to a month
 to provision a new customer.  This has been an enormous relief to many
 businesses whose NorthPoint services have recently been terminated," said
 Frank Blount, chairman and chief executive officer of Cypress Communications.
     In March, the United States Bankruptcy Court approved AT&T's purchase of
 substantially all of NorthPoint's assets.  AT&T chose not to acquire
 NorthPoint's wholesale business, and without enough funds to keep its network
 running, NorthPoint notified service providers of an "imminent" shutdown.
     "NorthPoint's troubles clearly were not the result of a lack of demand for
 broadband services.  Small and medium-sized businesses continue to demand
 faster and better broadband communications services.  The number of calls we
 continue to receive from customers of defunct service providers is evidence of
 this," added Mr. Blount.
     Recently Cypress Communications announced a revised business plan that is
 designed to fully fund the company's ongoing business operations and eliminate
 the company's need to raise additional capital.
     "With this fully funded plan we are well positioned to reap the benefits
 of the ongoing telecom sector shakeout, and we fully intend to capitalize upon
 these opportunities to further expand our customer base," Mr. Blount
 concluded.
 
     Cypress Communications
     Cypress Communications provides comprehensive broadband solutions to
 businesses located in commercial office buildings in major metropolitan
 markets throughout the United States.  The company offers a fully integrated,
 customized communications package that typically includes high-speed, fiber
 optic Internet connectivity, e-mail services, Web hosting services, remote
 access connectivity, local and long distance voice services with advanced
 calling features, feature rich digital telephone systems and digital satellite
 business television.  Cypress Communications also wholesales components of its
 in-building fiber optic network infrastructure to other licensed
 communications providers.
     For more information, please visit the web site at www.cypresscom.net .
     This press release contains forward-looking statements within the meaning
 of the Federal securities laws.  Forward-looking statements include all
 statements, estimates, projections, expectations or predictions about future
 events and often include words such as "estimate," "projects," "will,"
 "targets," "expects," "believe," "is designed to" and other words or
 expressions indicating statements about the future.  Without limiting the
 foregoing, forward-looking statements in this press release include statements
 relating to the company's need for additional funding, the company's
 opportunities for expansion in the future, and the company's ability to
 capitalize in service terminations by NorthPoint and other communications
 service providers and volatility in the telecommunications industry generally.
 Reliance should not be placed on forward-looking statements because they
 involve known and unknown risks and uncertainties which may cause the actual
 results, performance or achievements of the company to differ materially from
 anticipated future results, performance or achievements expressed or implied
 by such forward-looking statements.  These risks and uncertainties, include,
 among other things, the intense competition for the company's service
 offerings, dependence on growth in demand for the company's services, the
 company 's ability to manage increased demand and associated and associated
 growth in operations, and other risks and uncertainties detailed from time to
 time in the company's Securities and Exchange Commission filings.  The company
 disclaims any obligation to update any of the forward-looking statements
 contained herein to reflect future events or developments.
 
 SOURCE  Cypress Communications, Inc.