TWW Terremark Worldwide

Terremark Worldwide, Inc. (AMEX:TWW) a leading operator of integrated Internet exchanges and a global provider of managed IT infrastructure solutions for government and private sectors, announced today that it has secured a 30-acre site in Culpeper County, Virginia to build a new state-of-the-art data center campus fulfilling the company�s stated objective to expand in the Washington, D.C. area. Terremark has designed a master plan for the site that will allow for modular growth of the campus based on customer demand. The master plan calls for five data center facilities that can each yield approximately 50,000 square feet of colocation space. Each facility would be a highly secured stand alone structure that could house either commercial or Federal government customers. The site, which is strategically located outside of the �blast zone�, will be designed to the strictest security standards mandated by the Federal government, including significant perimeter set backs. This site will be directly linked to Terremark�s flagship facility the NAP of the Americas in Miami, providing customers with access to the full range of networks and services in that facility, including the commercial sector and Federal government Network Operations Centers (NOCs). The data center will feature state-of-the-art physical infrastructure consistent with Terremark�s other Internet exchanges including high power density to meet the needs of the servers use by today�s growing IP, video and other IT applications. As previously disclosed, Terremark anticipates that the build-out of the first data center facility will require an initial investment of $55 million to $60 million. The timing of the investment in each additional data center facility will be based on additional customer demand. The Company expects to fund the purchase price of $4.4 million with the proceeds of the interim financing announced last week. Pursuant to the interim financing, Credit Suisse has agreed to purchase the site in Culpeper and lease it back to Terremark. Terremark will have the option to purchase the property from Credit Suisse at the original purchase price plus accrued interest. �Terremark has been evaluating a number of locations for its new data center facility in the Washington/Virginia area for some time,� said Manuel D. Medina, Chairman of Terremark Worldwide, Inc. �The Culpeper County site has great attributes and supports our long-term objectives to solidify our market leadership and expansion program as well as meet our customers� growing demands.� In an official ceremony held today in Culpeper County, Virginia Governor Tim Kaine said, �Terremark�s new campus will be among the largest colocation data center sites in the United States. High tech expansions of this caliber are a focus of my administration and the high-paying jobs it will generate will be a great asset to the region.� The company plans to break ground in June of 2007 and anticipates it will begin deploying customers during the June 2008 quarter. About Terremark Worldwide, Inc. Terremark Worldwide, Inc. (AMEX:TWW) is a leading operator of integrated Internet exchanges and a global provider of managed IT infrastructure solutions for government and private sectors. Terremark delivers its portfolio of services from seven locations in the U.S., Europe and Latin America and from four service aggregation and distribution locations, which aggregate network traffic and distribute network-based services in Europe and Asia to meet specific customer needs. Terremark�s flagship facility, the NAP of the Americas, is the model for the carrier-neutral Internet exchanges the company has in Santa Clara, California (NAP of the Americas/West), in Sao Paulo, Brazil (NAP do Brasil) and in Madrid, Spain (NAP de las Americas Madrid). The carrier-neutral NAP of the Americas is a state-of-the-art facility that provides exchange point, colocation and managed services. Terremark is headquartered at 2601 S. Bayshore Drive, 9th Floor, Miami, Florida USA, (305) 856-3200. More information about Terremark Worldwide can be found at www.terremark.com. Statements contained in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Terremark�s actual results may differ materially from those set forth in the forward-looking statements due to a number of risks, uncertainties and other factors, as discussed in Terremark�s filings with the SEC. These factors include, without limitation, Terremark�s ability to obtain funding for its business plans, uncertainty in the demand for Terremark�s services or products and Terremark�s ability to manage its growth. Terremark does not assume any obligation to update these forward-looking statements.