TierOne Networks Closes its 4th Acquisition of WavSpeed, Inc. in Ellis County, Texas

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Dallas, TX: July 15, 2009 - TierOne Networks a leading provider of carrier-grade wireless broadband products and services announced today it closed its 4th acquisition of WavSpeed, Inc. in Ellis County, Texas.

Our roll-up strategy is gaining momentum as we reach critical mass in the DFW market. The few remaining WISPs will now have to compete with TierOne Networks as the market share leader and all the advantages which come with scale.

TierOne Networks a leading provider of carrier-grade wireless broadband products and services announced today it closed its 4th acquisition of WavSpeed, Inc. in Ellis County, Texas. The acquisition was in our current coverage area so 90% of revenue will flow to the bottom line. As the fixed wireless space begins to rapidly consolidate, TierOne Networks is leading this first wave of industry consolidation and soon will become a regional player.

"With low cost, recession-resistant services, TierOne is well-positioned to continue its rapid growth and profitability in tumultuous economic times," said Kevin Weaver, President and CEO. "Our roll-up strategy is gaining momentum as we reach critical mass in the DFW market. The few remaining WISPs will now have to compete with TierOne Networks as the market share leader and all the advantages which come with scale."

About TierOne Networks | http://www.tocn.com

TierOne Converged Networks, Inc. is a profitable next generation Wireless Internet Service Provider ("WISP") headquartered in Dallas, TX. TierOne's management and technical knowledge is positioned to dominate rural WISP markets in the southwestern U.S., with an initial focus on DFW and Texas markets. We provide wireless broadband services, using next-generation technologies, to smaller or secondary rural markets that are underserved by the Incumbent Local Exchange Carriers ("ILECs") and cable TV operators. Our FCC Licensed Broadband Network delivers inexpensive, high speed, low latency internet to underserved areas. In addition to expanding its business through strong organic growth, TierOne Networks is pursuing an active acquisition strategy of WISPs to expand its operations and to augment its organic growth initiatives.

TierOne is interested in acquiring TX, OK, KS & NM-based WISP's. All inquiries should be directed to Ron Celmer, CFO at (214) 217-8626 ext 2031.

For more information or for service call 1-866-551-1367. All other inquiries should be directed to Kevin Weaver, President & CEO at (214) 217-8626 ext 2003

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