Michael S. Liss

FiberNet Telecom Group, Inc. provides interconnection services enabling the exchange of voice, video and data traffic between multiple global networks. It owns and operates integrated colocation facilities and diverse transport routes in the gateway markets of New York, New Jersey, Los Angeles, Chicago and Miami. The company also provides infrastructure and comprehensive broadband interconnectivity for the world's largest network operators, including leading domestic and international telecommunications carriers and service providers. In its network neutral colocation facilities, it provide racks, cabinets and customized caged spaces for its customers to deploy networking equipment and establish network points of presence. The company also provides redundant power systems, environmental controls and security for customer's colocation needs at network aggregation points. The company's interconnection services include optical and electrical cross-connections and peering, lit connectivity, wavelengths and dark fiber services. The company provides high bandwidth services ranging from 1.5 megabits per second to 10.0 gigabits per second. The company's networks provide interconnection and transport services utilizing multiple domestic and international transmission protocols, which includes, TDM and SONET, the North American standards, and PDH and SDH, the international standards. It also provides professional services to assist its customer's deployment of network infrastructure. The company was incorporated in 1994 and is headquartered in New York, NY.

Lazard Freres & Co. LLC provides corporate advisory, capital market, and asset management services. The company was founded on April 13, 1992 and is headquartered in New York, NY.

Bear, Stearns & Co., Inc. is a global investment banking, securities trading and brokerage firm located in New York City with additional offices in Dallas, Boston and San Francisco. The firm is a subsidiary Bear Sterns Cos., Inc. (NYSE: BSC). Their equity research team consists of senior analysts located throughout the world. In addition to domestic coverage, they have research teams focusing on Latin America, Asia and Europe. The analysts use a bottom-up approach to stock selection. The Bear Stearns fixed-income research department provides coverage of every sector of the fixed-income universe. The financial analytics and structured transactions group (F.A.S.T) provides investment research, fixed-income portfolio management and analytical systems, trading technology and general financial expertise. The group also provides a broad range of services to financial institutions including asset-liability management, balance sheet restructuring, receivables-based financing analysis, security and portfolio analysis, peer analysis, and historical and real-time market-based information.