NEW YORK -- TELEHOUSE America, a pioneer of neutral, power-protected, and secure colocation space and services, has again showed a positive net profit for the 2002 fiscal year, its fifth straight year of profitability. TELEHOUSE is privately funded by a consortium of investors led by KDDI Corporation (TSE: 9433), Japan's second largest telecommunications carrier. Its business model has enabled it to control its operational costs, while also steadily maintaining a positive net profit in each of the past five years.Unlike other companies in the colocation industry that filed for bankruptcy protection, TELEHOUSE has followed a calculated growth strategy, expanding only as its customer base dictated. As a result, the company has been able to generate consistent revenue growth from its five facilities and is now positioned as one of the most stable and trusted colocation providers in a time when the U.S. economy continues to fluctuate unpredictably.“With the current economic climate in the telecom and colocation industries, we’re pleased to be in a position where we are able to offer access and content companies a consistently stable alternative,“ states Hideki Akazawa, President and CEO for TELEHOUSE America. “Our formula over the years has been simple - to focus on our core business of providing companies with high quality cost-effective colocation space and services. Our long history of success can be attributed to the quality of service, level of flexibility, and connectivity choices that we provide to our customers. To support our long-term goals, future growth strategy, and profitability, we will continue to search for new services and technologies that will add value to our colocation offering, while helping our customers grow along with us.”TELEHOUSE continues to add new customers in 2003, with 7 already signed during January alone. In addition, the company has further strengthened relationships with existing clients by offering them cost-effective and reliable business solutions. TELEHOUSE entered the new year with a record number of clients, many of whom are likely to expand their relationship with the company this year.Telehouse International Corp. of America