WAVE2WAVE COMMUNICATIONS INC. NAMES ERIC I. MANN CHIEF FINANCIAL OFFICER


HACKENSACK, NJ (April 24, 2000) – Wave2Wave Communications, a High-Speed Wireless Internet Service Provider, today announced that Eric I. Mann has been appointed Chief Financial Officer. In this position, Mr. Mann will report to the Company’s President and CEO, Steven Asman.

"We are excited to have Eric join the Wave2Wave Communications team," said Steven Asman, President and CEO. "His strong financial background, experience analyzing emerging technologies in the telecommunications industry and good relationships with the financial community will be an asset to our Company. We are confident that he will help the Company build a strong corporate foundation for success in the rapidly growing wireless Internet market."

Mr. Mann has 14 years of experience in corporate banking that includes providing financing to highly leveraged companies in the telecommunications industry. He joins Wave2Wave Communications after serving two years as Vice President in the Leverage Finance Group at Mitsubishi Trust and Banking Corporation, a major international bank. Prior to this position, Mr. Mann worked at Merita Bank for seven and a half years, first as a team leader in the Leverage Finance Group and then as Vice President in the Telecommunications Finance Group. Mr. Mann’s previous experience also includes positions at Fuji Bank and Chemical Bank. Mr. Mann holds an MBA in Finance.

"I am thrilled to be an integral part of a Company that will be in the middle of the fixed wireless revolution," commented Mr. Mann. "Wave2Wave’s strong management team, advanced technology and business model gives me the confidence that we will be a leader in our markets."

Privately held Wave2Wave Communications is a wireless communications provider of high speed Internet service. The company provides small to medium sized businesses, in small population centers and rural markets, with a secure wireless connection to the Internet at speeds of up to 1.54 Mbps.

Additionally, the Company offers an array of other services including E-mail, Web Hosting, Private Data Networking, and Security Solutions.