Everyones Internet Signs Gigabit Ethernet Services Agreement With AboveNet

World's Largest Privately Held Web Hosting Company to Save 15% By Avoiding Local Loop Connections

AboveNet, Inc., a leading global provider of private, secure, high-capacity optical infrastructure and services in the metropolitan area, announced today that it signed a 2-year, multi-million dollar contract with Everyone's Internet(TM) (EV1), the world's largest provider of dedicated server web hosting, to provide its Metro IP(TM) service to two EV1 data centers in Houston, Texas.

AboveNet will use multiple redundant Metropolitan Gigabit-Ethernet connections to enable high-speed bandwidth from its major point-of-presence in Houston to both EV1 datacenters. The contract is expected to generate 15% in savings because EV1 will be able to completely circumvent the traditional carrier network and have immediate access to AboveNet's tier one global IP network.

"EV1 manages over 20,000 web servers, hosts over 1 million unique web sites and captures nearly 2% of all the Internet traffic in the United States," said Robert Marsh, EV1's Head Surfer and CEO. "Our customers need a high-bandwidth, highly scalable and reliable network that can cope with the demand on their sites. AboveNet's Metro IP service not only addresses that need, but the connection fits seamlessly with the technology we already have and gives us room to grow."

"EV1 operates in one of the most competitive markets related to the Internet industry and it absolutely depends on excellent network connections to offer differentiated services," said Bill LaPerch, President and Chief Executive Officer of AboveNet. "We are pleased to have been selected to fill this crucial role in advancing its business."

AboveNet's Meto IP, formerly known as Metro Gig-E, combines AboveNet's valuable metropolitan fiber optic network with its top-rated Internet backbone, creating a high-capacity, cost-effective solution that is unmatched in the industry. AboveNet's Metro IP solution is designed to seamlessly absorb usage bursts without latency to give customers the capability to meet high-bandwidth demands for mission critical, content-intensive and streaming media applications.

This news release contains forward-looking statements that involve risks and uncertainties. Factors that could cause or contribute to such risks and uncertainties include, but are not limited to, general economic and business conditions, competition, changes in technology and methods of marketing, and various other factors beyond the Company's control. This also includes such factors as are described from time to time in the SEC reports filed by Metromedia Fiber Network including the most recently filed Forms S-3, 10-K and 10-Q.

About Everyones Internet

Houston, Texas-based Everyones Internet is the world's largest provider of dedicated server web hosting, with over 20,000 Microsoft Windows and Linux web servers under management. The company's two data center facilities offer over 100,000 square feet of web hosting space. For more information about Everyones Internet visit http://www.ev1.net or call 1-800-504-7873.

About AboveNet, Inc.

AboveNet, Inc. is a leading provider of integrated access services to leading edge enterprises. AboveNet builds and operates an office-to-office, 100-percent optical network enabling customers to create an efficient, cost- effective network that breaks economic and performance barriers imposed in the last mile by complex legacy telecom infrastructures. With one of the most extensive metropolitan optical networks in the world, data centers throughout the US and Europe, top quality managed services and a high-performance IP network, AboveNet is able to offer the most flexible and complete information exchange solutions in the industry.