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| CYBERA COMPLETES FIRST CLOSING ON SERIES 2 SUBORDINATED CONVERTIBLE NOTE OFFERING |
NASHVILLE, Tenn., June 14, 2004 – Cybera has completed the first closing of its new Series 2 Subordinated Convertible Note offering. The company plans additional closings over the next several weeks.
This new funding will be used primarily to fund Cybera’s continued expansion. Since the start of 2004, Cybera has opened a new data center in Chicago and sales offices in Orlando, Charlotte, Chicago, Cincinnati and Kansas City.
“With this latest round of funding in place, we plan to add more sales offices in new markets and expand the number of sales reps in our existing markets,” said Cliff Duffey, Cybera’s chairman, president and chief executive officer.
About Cybera (www.cybera.net)
Founded in February 2001 and based in Nashville, Tenn., Cybera Inc. delivers high-speed, private networking solutions for business needs. By integrating leading edge technology components, Cybera is able to provide the best coverage and maximum bandwidth for all of a client’s unique business requirements by combining ADSL, SDSL, T1, MPLS and Ethernet connectivity into a customized, private network that never travels the public Internet. This unique network infrastructure allows Cybera to offer the highest guarantees on security, reliability and performance in the industry.
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