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FiberNet Telecom Inks Deal with Knowledge Solutions LLC

-- Two-Year Extension Delivers Cost-Effective IT Services --
Bridgewater, N.J. - January 30, 2006

Knowledge Solutions LLC, a leading provider of information management services, today announced that FiberNet Telecom Group, Inc. (NASDAQ: FTGX), a leading provider of complex interconnection services, has committed to a two year contract extension to develop and manage FiberNet's information technology infrastructure.

FiberNet Telecom Group, Inc. owns and operates integrated interconnection facilities and diverse transport routes in the two gateway markets of New York/New Jersey and Los Angeles, designed to provide comprehensive broadband interconnectivity enabling the exchange of traffic over multiple networks. FiberNet's customized connectivity infrastructure provides an advanced, high bandwidth, fiber-optic solution to support the demand for network capacity and to facilitate the interconnection of multiple carriers' and customers' networks.

Under the agreement, Knowledge Solutions will continue to manage the company's IT infrastructure including application, database and hardware administration, systems engineering, desktop support, network management and all corporate applications. The contract extension brings the total length of services to over four years.

"Our team holds a diverse portfolio of experience in the many disparate aspects of IT," said Ronald Parks, president of Knowledge Solutions. "With our strong core knowledge in database technologies, programming languages, operating systems, network administration, and end-user applications, we will enable FiberNet to focus on their core strength while we continue to lower the total cost and complexity of their solutions."

Knowledge Solutions supports FiberNet's key operations in New York, Newark, NJ, Chicago, Los Angles and other satellite locations from its Bridgewater Solutions Center.

"We are pleased to continue our relationship with Knowledge Solutions," said John F. Ennis, FiberNet Vice President of Operations & Information Technology. "They have streamlined our corporate computing infrastructure, consolidated our data centers and introduced innovative solutions to meet our complex needs."

Knowledge Solutions provides Complete IT solutions for customers of almost any size using a balanced combination of on-site and remote support.

About Knowledge Solutions LLC:

Knowledge Solutions is a leading provider of information management services delivering strategic solutions that address the complex business needs of its clients. With focus on integrating technology, business processes and policies, Knowledge Solutions delivers business-driven and user-centric capabilities that add continuous and measurable value. Core Services include business intelligence, ERP planning, implementation and support, and Complete IT. For additional information visit the company's website at www.ksols.com.

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Various remarks that we may make about FiberNet's future expectations, plans and prospects constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Such remarks are valid only as of today, and we disclaim any obligation to update this information. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors, including those discussed in FiberNet's most recent Annual Report on Form 10-K, which is on file with the Securities and Exchange Commission.

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