EarthLink Acquires FirstWorld Internet Services Dial-Up Subscriber Base

Sale is Another Major Step in Verado's Strategy to Focus on Core

Business of Providing Managed Services for Its Data Center Customers



Apr 18, 2001, 01:00 ET from Verado Holdings, Inc.

    DENVER and ATLANTA, April 18 /PRNewswire/ -- Verado (Nasdaq:   VRDO) today
 announced the sale of its FirstWorld Internet Services dial-up subscriber base
 to EarthLink (Nasdaq:   ELNK), a leading national Internet Service Provider.
 Neither company released the terms of the sale.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/20010208/LATH084LOGO-a )
     Verado's FirstWorld Internet Services dial-up subscriber base grew
 substantially during the past two years.  The subscriber base is located
 primarily in Colorado, California, Oregon, Washington and Texas.  Denver-based
 Daniels & Associates acted as an advisor to Verado regarding this transaction.
     The acquisition follows Verado's announcement two weeks ago of the
 termination of its contracts with the City of Anaheim.  The agreement with the
 City of Anaheim eliminates the operating losses, cash outflow and certain
 long-term debt obligations of the Company's subsidiary, FirstWorld Anaheim.
     The EarthLink deal represents another significant step in Verado's
 strategy to divest its non-core business assets and continue to position
 itself as a leader in the Web hosting and managed services industry.  Verado
 operates nine data centers across the Western United States.  According to a
 March 2001 Yankee Group report, the U.S. Web hosting market, which includes
 connectivity, colocation, and managed services, is predicted to grow from
 $4.3 billion during 2000 to $36 billion by 2005.
 
     About EarthLink
     The #1 Provider of the Real Internet(TM), EarthLink brings the magic of
 the Internet to 4.7 million subscribers every day.  Headquartered in Atlanta,
 EarthLink provides a full range of innovative access, hosting and e-commerce
 solutions to thousands of communities through over 6,500 dial-up points of
 presence, and broadband and wireless technologies.  EarthLink is committed to
 doing an exceptional job of pleasing its subscribers, shareholders and the
 community by following the company's Core Values and Beliefs
 [http://www.EarthLink.net/about/mission.html].  Information about EarthLink
 services is available by calling 800-395-8425 and through EarthLink's Web site
 at www.earthlink.net.
 
     About Verado
     Verado Holdings, Inc., headquartered in Denver, Colorado, is a provider of
 outsourced data center and managed service solutions for businesses.  Verado's
 state-of-the-art data centers host, monitor and maintain mission-critical Web
 sites, e-commerce platforms and business applications.  Verado currently
 operates data centers in Denver, Dallas, Houston, Portland, Santa Clara,
 Irvine, San Diego, Glendale and Salt Lake City.  The data centers comprise
 approximately 245,000 square feet of space.  For more information, visit
 Verado's Web site at www.verado.com.
 
     Statements included in this press release that are not historical in
 nature are "forward-looking statements."  For example, without limitation,
 projections regarding successful divestitures, business opportunities and
 competitive market position; are forward looking.  Actual events or results
 may differ materially and are subject to risks and uncertainties, including
 our ability to successfully sell, grow and maintain demand for our products.
 There can be no assurance that we will be able to successfully realize our
 expectations, and the occurrence of one or more of these risks, or the failure
 to achieve one or more of these forward looking objectives, may cause the
 prevailing value of any publicly traded debt and equity securities to
 decrease.  The companies have no obligation to update forward-looking
 statements.  Readers are encouraged to refer to Verado's reports from time to
 time filed with the Securities and Exchange Commission for a further
 discussion of Verado's business and risk factors that may affect operating and
 financial results and forward looking statements.
 
 

SOURCE Verado Holdings, Inc.
    DENVER and ATLANTA, April 18 /PRNewswire/ -- Verado (Nasdaq:   VRDO) today
 announced the sale of its FirstWorld Internet Services dial-up subscriber base
 to EarthLink (Nasdaq:   ELNK), a leading national Internet Service Provider.
 Neither company released the terms of the sale.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/20010208/LATH084LOGO-a )
     Verado's FirstWorld Internet Services dial-up subscriber base grew
 substantially during the past two years.  The subscriber base is located
 primarily in Colorado, California, Oregon, Washington and Texas.  Denver-based
 Daniels & Associates acted as an advisor to Verado regarding this transaction.
     The acquisition follows Verado's announcement two weeks ago of the
 termination of its contracts with the City of Anaheim.  The agreement with the
 City of Anaheim eliminates the operating losses, cash outflow and certain
 long-term debt obligations of the Company's subsidiary, FirstWorld Anaheim.
     The EarthLink deal represents another significant step in Verado's
 strategy to divest its non-core business assets and continue to position
 itself as a leader in the Web hosting and managed services industry.  Verado
 operates nine data centers across the Western United States.  According to a
 March 2001 Yankee Group report, the U.S. Web hosting market, which includes
 connectivity, colocation, and managed services, is predicted to grow from
 $4.3 billion during 2000 to $36 billion by 2005.
 
     About EarthLink
     The #1 Provider of the Real Internet(TM), EarthLink brings the magic of
 the Internet to 4.7 million subscribers every day.  Headquartered in Atlanta,
 EarthLink provides a full range of innovative access, hosting and e-commerce
 solutions to thousands of communities through over 6,500 dial-up points of
 presence, and broadband and wireless technologies.  EarthLink is committed to
 doing an exceptional job of pleasing its subscribers, shareholders and the
 community by following the company's Core Values and Beliefs
 [http://www.EarthLink.net/about/mission.html].  Information about EarthLink
 services is available by calling 800-395-8425 and through EarthLink's Web site
 at www.earthlink.net.
 
     About Verado
     Verado Holdings, Inc., headquartered in Denver, Colorado, is a provider of
 outsourced data center and managed service solutions for businesses.  Verado's
 state-of-the-art data centers host, monitor and maintain mission-critical Web
 sites, e-commerce platforms and business applications.  Verado currently
 operates data centers in Denver, Dallas, Houston, Portland, Santa Clara,
 Irvine, San Diego, Glendale and Salt Lake City.  The data centers comprise
 approximately 245,000 square feet of space.  For more information, visit
 Verado's Web site at www.verado.com.
 
     Statements included in this press release that are not historical in
 nature are "forward-looking statements."  For example, without limitation,
 projections regarding successful divestitures, business opportunities and
 competitive market position; are forward looking.  Actual events or results
 may differ materially and are subject to risks and uncertainties, including
 our ability to successfully sell, grow and maintain demand for our products.
 There can be no assurance that we will be able to successfully realize our
 expectations, and the occurrence of one or more of these risks, or the failure
 to achieve one or more of these forward looking objectives, may cause the
 prevailing value of any publicly traded debt and equity securities to
 decrease.  The companies have no obligation to update forward-looking
 statements.  Readers are encouraged to refer to Verado's reports from time to
 time filed with the Securities and Exchange Commission for a further
 discussion of Verado's business and risk factors that may affect operating and
 financial results and forward looking statements.
 
 SOURCE  Verado Holdings, Inc.