UFO Comms Picks Sorrento

SAN FRANCISCO -- Unlimited Fiber Optic Communications (UFO), a leading provider of enterprise broadband optical communications services in major metropolitan areas, announced today that it is expanding in 2003 into the Los Angeles and Dallas metropolitan markets. UFO currently operates metropolitan optical networks in the San Francisco and Chicago markets. This expansion, spurred by the completion of a $10 million strategic financing, is part of the Company's strategy for nationwide expansion to service many of the largest metropolitan areas in the US. UFO and its broadband infrastructure partner have selected Sorrento as the exclusive supplier of dense wavelength division multiplexing (DWDM) and coarse wavelength division multiplexing (CWDM) equipment for UFO services (currently planned to be offered in 13 major metropolitan markets), and have executed 5-year strategic supply agreements with Sorrento. In connection with UFO's financing, UFO's broadband infrastructure partner has purchased $5 million of DWDM equipment from Sorrento that will be used for UFO's initial expansion of the Los Angeles and Dallas metropolitan networks. Charles Schoenhoeft, UFO's Chief Executive Officer commented, "We look forward to our continued nationwide expansion and working closely with Sorrento Networks as both a key partner and investor in UFO. We have the unique advantages of low entry cost fiber infrastructure and proven optical networking equipment. We can rapidly offer services to our enterprise customers at competitive prices through the combination of the best of breed optical network infrastructure and equipment in the US." In a separate release: SAN DIEGO -- Sorrento Networks Corp. (Nasdaq NM: FIBR; Nasdaq NM: FIBRD), a leading provider of metro and regional optical networking solutions, and Unlimited Fiber Optic Communications, Inc. (UFO), a leading provider of enterprise broadband optical communications services in major metropolitan areas, announced today a strategic relationship which included a $5 million investment by Sorrento Networks in UFO's$10 million Series B financing. UFO currently operates metropolitan optical networks in the San Francisco and Chicago markets. Sorrento Networks has supplied the DWDM equipment for these markets. With the new financing in place, UFO will expand in 2003 into the Los Angeles and Dallas metropolitan markets. Launching services in these two new markets in 2003 is part of the UFO's strategy for nationwide expansion to service many of the largest metropolitan areas in the United States. UFO's unique approach to broadband services is based upon a partnership with one of the nation's largest broadband communications companies, through which it has access to extensive fiber optic infrastructure in thirteen (13) major metropolitan areas in the US. This partnership allows UFO to expand services without the requirement to build a costly fiber optic infrastructure before services can be deployed. Current UFO customers include Barclays Global Investors, BT North America, Electronic Arts, Lennar Homes and Universal Access. Other Investors in the Series B included venture capital firms Kline Hawkes & Co. and Paladin Capital Group. The $10 million financing brings the total funds raised to date by UFO to $22.5 million. As part of the financing, UFO increased the size of its Board of Directors to seven and Sorrento Networks has one seat on the expanded Board. Sorrento's designee, Jeff Phillips, Vice President of Corporate Development for Sorrento, joined UFO's Board of Directors as of the closing of the financing. UFO Communications Inc. Sorrento Networks Corp.