AppliedTheory Corporation offers a comprehensive and fully integrated suite of managed hosting, Internet solutions and connectivity and security services, which enable it to provide a variety of outsourced managed hosting services options for large enterprise business needs. AppliedTheory combines its knowledge base with the ability to build, integrate and manage Internet business solutions. The Company helps businesses use the Internet to increase profit, decrease costs and meet business objectives. In April 2002, the Company filed a voluntary petition for reorganization under Chapter 11 of the United States Bankruptcy Code. In June 2002, in connection with its bankruptcy filing, the Company sold its network business assets to FASTNET Corporation.
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