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Refinance.com Builds Billion Dollar Online Mortgage Business Using Internap's Managed Server, Performance IP(TM) Networking and Security Solutions

Tue. August 12, 2008; Posted: 07:00 AM
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ATLANTA, Aug 12, 2008 (BUSINESS WIRE) -- INAP | Quote | Chart | News | PowerRating -- Internap Network Services Corporation (NASDAQ: INAP), a global provider of end-to-end Internet business solutions, announced today its Managed Server, Performance IP(TM) Networking and Security solutions are powering the business expansion initiatives for Refinance.com, one of the foremost mortgage companies nationwide. In business for nearly 20 years, Refinance.com is leveraging Internap's hosting and network services to re-launch its Web site to include enhanced interactivity and usability, further assisting its current customer base while generating broader appeal for potential business across the country.

Refinance.com has built a thriving Web-based business offering an array of loan programs, including debt consolidation loans, home improvement loans and home equity loans, directly to consumers. A licensed FHA lender in 35 states, the private company features competitive rates and low closing costs and works swiftly with its customers, closing loans in as little as 7 to 10 days. Refinance.com has four offices in the US and accesses its customers primarily through the Internet, so 100% network reliability and systems availability are imperative to their business operations. In addition, Refinance.com is conducting an overhaul of its Web site to improve the range of resources available to current and potential customers, such as rate calculators and interactive chat. The company selected Internap's integrated server, network and security solution to power its business and Web site initiatives and ensure optimal performance around the clock.

"We know we can count on Internap to provide the systems, support and expertise to help us grow and provide even higher levels of service and product excellence for our customers," said Refinance.com's chairman and chief executive officer Nicholas Bratsafolis.

Adeel Saeed, chief information officer at Refinance.com, added, "We are in the process of building a new Web site that will take our business to the next level. Our Web site is our business and we rely on Internap's managed server, Performance IP networking and security services to keep our business up and running."

Internap's Managed Server provides a reliable, network-enabled computing platform to run business-critical Web sites. As part of the service, Dell(TM) PowerEdge(TM) servers running Microsoft(R) Windows Server(R) or Red Hat(R) Linux(R) are fully integrated with Internap's Performance IP networking and content delivery networking (CDN) services. The result is a network computing system that provides 100% reliability for demanding Web sites running commerce transactions, media downloads and social networking. Refinance.com added optional load balancing and firewall features to their managed server solution, providing even higher levels of uptime and security.

"With the challenging home mortgage market, consumers are turning to Refinance.com more than ever for their finance needs and their Web site is the company's primary way to serve those customers," said Tim Sullivan, chief technology officer at Internap. "Our managed server, network and security platform provides computing and connectivity with 100% reliability so that Refinance.com can devote their complete attention to building a world-class Web site, creating innovative products and providing outstanding customer service."

About Refinance.com

Refinance.com is one of the nation's leading mortgage companies with nearly twenty years of mortgage refinancing expertise. The company has assisted thousands of clients in reaching their home refinancing goals through its diverse range of mortgage and refinancing options, and specializes in FHA mortgage lending. Founded in 1989, Refinance.com is based in New York City with offices in Syosset, NY and Boca Raton, FL. More information including mortgage rates and mortgage calculators is available at www.refinance.com.

About Internap

Internap is a leading Internet solutions company that provides The Ultimate Online Experience(TM) by managing, delivering and distributing applications and content with unsurpassed performance and reliability. With a global platform of data centers, managed Internet services, a content delivery network (CDN) and content monetization services, Internap frees its customers to innovate their business and create new revenue opportunities. More than 3,700 companies across the globe trust Internap to help them achieve their Internet business goals. For more information, visit www.internap.com.

Internap "Safe Harbor" Statement

Certain information included in this press release constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, including, among others, statements regarding the performance of our products, business strategy, projected levels of growth and projected costs, are forward-looking statements. Those statements include statements regarding the intent, belief or current expectations of Internap and members of our management team, as well as the assumptions on which such statements are based. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that actual results may differ materially from those contemplated by forward-looking statements. Other important factors that may affect Internap's business, products, results of operations and financial condition include, but are not limited to: our ability to sustain profitability; our ability to respond successfully to technological change; the availability of services from Internet network service providers or network service providers providing network access loops and local loops on favorable terms, or at all; failure of third party suppliers to deliver their products and services on favorable terms, or at all; failures in our network operations centers, network access points or computer systems; and our ability to protect our intellectual property.

Our Annual Report on Form 10-K/A, Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K and other Securities and Exchange Commission filings discuss the foregoing risks, as well as other important risk factors that could contribute to such differences or otherwise affect our business, results of operations and financial condition. We undertake no obligation to revise or update any forward-looking statement for any reason.

SOURCE: Internap Network Services Corporation

Internap Press contacts: Katie Eakins / Wanda Soler, 619-677-2700 internap@lewispr.com or Investor contact: Andrew McBath, 404-865-7198 amcbath@internap.com

For full details on Internap Network Svcs Cp (INAP) click here. Internap Network Svcs Cp (INAP) has Short Term PowerRatings of 7. Details on Internap Network Svcs Cp (INAP) Short Term PowerRatings is available at This Link.

    


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