NEW YORK and WASHINGTON -- IntelliSpace, the company that innovated broadband service for business by connecting the Internet backbone to commercial buildings in 1995, and SwapDrive, a leading provider of Web based data storage, today announced that IntelliSpace has selected SwapDrive as their provider of online data backup and recovery solutions for their business users. IntelliSpace will begin to offer its Intelli-StorageT backup service starting early May 2002 to their 100,000 business users, located in over 200 cities/communities throughout the US and the UK. Intelli-StorageT will complement the other existing IntelliSpace services including IntelliSpace Email, Web Hosting, VPN/Security solutions, and e-ValveT Bandwidth-on-Demand access. Intelli-StorageT provides businesses with automatic remote data backup and storage, 100% secure connectivity, and easy access from any computer anywhere in the world, via the Web. Compared to traditional tape backup solutions, Intelli-StorageT is cost effective, easy to implement and use, and offers ubiquitous access to stored data. "Intelli-StorageT solves one of the most critical problems facing businesses today, namely, how to protect irreplaceable corporate data and ensure 'real time' access in an escalating environment of tele-communicating, cyber crime, and terrorist threats," stated Paul Brindak, Chief Marketing Officer of IntelliSpace. "SwapDrive Backup is an ideal vehicle to address customer demand for protecting and providing easy access to their data, while driving broadband consumption. For example, by bundling Intelli-Storage with e-ValveT our customers can get the short-term increase in bandwidth necessary for large data backups. In addition, IntelliSpace is working with SwapDrive to provide email archiving solutions to our brokerage clients, to satisfy newly instituted SEC and NASD regulations." SwapDrive Inc. IntelliSpace