M5 Networks Appoints Kathy Perone to Board of Directors.

Former Level 3 President Brings Valuable Telecommunications Insight to Rapidly Growing Provider of Voice as a Service

NEW YORK -- M5 Networks, the market leader in delivering phone system functionality as a service, today announced that Kathy Perone, president of XLNT Technologies, has

"We are thrilled to have Kathy on the M5 Networks board," said Dan Hoffman, president and CEO of M5 Networks. "Kathy's deep and broad experience in local, long haul and international telecommunications has brought many companies to market leadership positions. She is a great addition to our team and will help us accelerate the rise of Voice as a Service as the dominant delivery model for business phones."

Kathy Perone is the president of XLNT Technologies, a management consulting firm specializing in telecom and technology company development. She is the former president and CEO of WestCom, Inc., the world's leading provider of specialized private line services for the financial trading community. Kathy has a distinguished career in the telecommunications industry, including serving as president and CEO of FOCAL Communications, Inc., which was acquired by Broadwing Communications, and as president of Level 3 North America. In addition, she has served on the board of four public companies, including Infocrossing, Inc., Focal Communications, Lexent and Tellium, as well as several private company boards.

"M5 is a highly innovative company with an outstanding service record, and I am happy to be joining the board and working with Dan to help position the company for its next phase of growth," said Ms. Perone. "M5 is changing the conversation taking place in telecom, and I'm looking forward to being a part of this organization's future success."

About M5 Networks

M5 Networks is the pioneer of "Voice as a Service," a breakthrough solution for business phone communications. Industry experts tell us that in ten years, no business will have a phone system - they will require phone system capabilities as an on-demand, managed service over an IP network optimized for voice - in other words, Voice as a Service. Today M5 serves a rapidly growing base of mid-sized businesses. Our solution is distinguished by the rich capabilities and unmatched service that one would expect from an industry leader.

M5 Networks has received considerable recognition and was named to the 2006 Inc. 500 (#272) and both the 2006 Deloitte Technology Fast 500 (#54) and New York Technology Fast 50 (#5). M5 was recognized by CRN as one of the top 15 Key VoIP Players in 2007 and received Frost & Sullivan's 2004 Entrepreneurial Company Award. M5 has also been included on the Pulver 100 list for six consecutive years and Fierce VoIP's Fierce 15 list in 2005 in addition to receiving numerous other accolades. To learn more about M5, please visit http://www.m5net.com.