MPOW - Mpower Holding Corporation (MPOW)

[jmhollen]

Midwest Expansion Continues; LDMI Telecommunications Announces Agreements To Acquire Mpower Communications' Michigan and Ohio Assets

HAMTRAMCK, Mich., Jan. 8 /PRNewswire/ -- LDMI Telecommunications, the largest telecom company headquartered in Michigan, today took another significant step in its midwest expansion, announcing agreements to acquire the Michigan and Ohio assets and customers of Mpower Communications. Terms of the agreements were not disclosed.

"We are delighted with this acquisition opportunity, one that will have an immediate impact on our geographic reach and the range of services LDMI delivers," said LDMI Chairman and Chief Executive Officer Patrick O'Leary. "Mpower's state-of-the-art network, switching facilities, and business customer base represent an ideal strategic fit for us. We've solidified our position as the leading midwest-based Integrated Service Provider."

Since its founding in 1992, LDMI has demonstrated steady growth, even against the backdrop of the recent downturn in the telecommunications sector. LDMI began offering local phone service to Michigan residents in 2001, and has turned up more than 70,000 local lines since then. The company has also added several Internet and data services to its product portfolio, including high- speed connectivity, web hosting, security, business applications, consulting services, and more. LDMI has been EBITDA positive for seven consecutive quarters.

Founded in 1996, Mpower Communications Corp. (OTC Bulletin Board: MPOW) is a facilities-based communications provider offering an integrated bundle of broadband data and voice communication services to small- and medium-size business customers. Through its broadband DSL and T1 service delivery platforms, Mpower delivers a full range of telephony, high-speed data, Internet access and Web hosting solutions.

LDMI Telecommunications is an integrated communications provider serving business customers in the Great Lakes region. Its services include local and long distance phone service, and data services such as high-speed connectivity, security, hosting, and professional network services. Founded in 1992, the Company services more than 80,000 customers, and has been named one of the Top Ten Privately Held Michigan Businesses for 3 consecutive years.

SOURCE LDMI Telecommunications

CONTACT: Luke Haase, [phone], for LDMI Telecommunications