From PR Newswire
02/05/2002

The American Stock Exchange Lists Common Stock of Cogent Communications Group, Inc.

NEW YORK, Feb. 5 /PRNewswire/ - The American Stock Exchange(R) (Amex(R)) announced today that Cogent Communications Group, Inc. will list its common stock on the Exchange today under the ticker symbol COI.

Cogent Communications Group, Inc. is a next generation optical Internet service provider focused on delivering ultra high-speed Internet access and transport services to businesses within the multi-tenant marketplace and to service providers located in major metropolitan areas throughout the U.S. The facilities-based ISP currently has a presence in twenty major metropolitan markets and focuses primarily on providing Cogent's signature service of 100 Mbps for $1,000, equating to 100 times the observed bandwith of T-1 connection at up to two-thirds of the cost.

Salvatore F. Sodano, Amex chairman and chief executive officer, said, "We are pleased to welcome Cogent Communications to the American Stock Exchange. In listing at the Amex, Cogent will benefit from our visibility and investor relations programs, an integral part of the Exchange's commitment to providing value-added quality services that growing companies need to succeed."

"We are extremely excited to list on the American Stock Exchange," said Dave Schaeffer, Chairman and Chief Executive Officer of Cogent. "We chose the Amex because it understands and supports growing companies like ours and provides opportunities and services that will help build long-term shareholder value."

The specialist in Cogent Communications Group, Inc. will be Spear, Leeds & Kellogg. For further information, please contact 1-800-THE-AMEX.

The American Stock Exchange(R) (Amex(R)), a subsidiary of the National Association of Securities Dealers, Inc. (NASD(R)), is the only primary exchange that offers trading across a full range of equities, exchange traded funds (ETFs), including structured products and HOLDRS(SM) and options. In addition to its role as a national equities market, the Amex is the leader in ETF listings, listing 117 ETFs to date, and is the second-largest options exchange in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks. For more information, visit www.amex.com.

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CONTACT: Lynn Teresky of The American Stock Exchange, +1-212-306-1654/ 10:33 EST