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TheMuniCenter Selects Metromedia Fiber Network For Co-location and Managed Services

MFN Powers and Manages the Largest Web-based Marketplace for Municipal Securities
NEW YORK--(BUSINESS WIRE)--Feb. 4, 2002-- Metromedia Fiber Network, Inc. (MFN) (Nasdaq: MFNX - news), the leading provider of digital communications infrastructure solutions, has successfully transitioned TheMuniCenter's Internet site to an MFN data center and its Site Operations Platform(TM) (SOP), a comprehensive Internet infrastructure managed services solution.

The largest, Web-based B2B marketplace for municipal securities made this transition using MFN's SiteMove solution.

TheMuniCenter, owned by a group of investors that includes several of the largest players in the municipal-bond market, including Merrill Lynch & Co., Salomon Smith Barney, and Morgan Stanley, allows broker-dealers and institutional investors to buy and sell municipal bonds online. The company selected MFN to solve the complex problem of switching to a new data center and to work with its internal IT team to create and maintain a world-class Internet presence.

MFN's SOP allows companies to automatically add bandwidth and services as their Internet sites grow. To meet the needs of companies, like TheMuniCenter, that have already invested in building their own Internet infrastructure, MFN's SOP can be tailored to include existing hardware while still offering a 100 percent Service Level Agreement (SLA). Alternatively, SOP can be a complete outsourced solution by providing hardware, software, co-location, bandwidth and ongoing management and services.

In moving from its previous data center provider, TheMuniCenter implemented MFN's SiteMove solution, eliminating site downtime, equipment loss and resource allocation. Each step of the SiteMove service is designed to maximize efficiency and minimize risk. By providing everything required to migrate its Internet site quickly, reliably and without interruption, MFN enabled TheMuniCenter to focus on its core business, which is Internet-based trading of fixed income securities.

"TheMuniCenter has a responsibility to its customers to provide the most secure and reliable service available,'' said Tom Vales, chief executive officer of TheMuniCenter. ``MFN's proven track record and reputation for superior customer service make it an ideal managed service provider for us. The transition to the MFN facility was efficient and transparent, which is a real credit to MFN's ability to execute in an environment where timing is critical."

"In today's economy, where margins are tight and every dollar counts, SiteMove is one of the only solutions that effectively guides e-businesses through the site migration challenge by combining technology, process execution and logistics into a single and carefully choreographed event," said Mark Spagnolo, president and chief executive officer for MFN. "MFN's SiteMove solution freed TheMuniCenter from the daunting task of migrating their Internet operations from their previous managed services provider to MFN's award-winning solution. Our SOP solution will allow them to take full advantage of our connectivity and advanced Internet infrastructure solutions."