Vancouver, British Columbia, Canada – (The Hosting News) – November 15, 2005 – Peer 1 Network Enterprises, Inc. previously disclosed in its news release of September 6, 2005, that it had completed the purchase of the dedicated server assets of Interland, Inc. In connection with the acquisition, Peer 1 is required by applicable securities laws to file a Business Acquisition Report (“BAR”) by November 16, 2005.
Peer 1 has been advised that the audited financial statements to be included with the BAR will not be completed for filing by November 16, 2005. As such, Peer 1 has been advised by the British Columbia Securities Commission that it will be put on the Commission’s defaulting issuer list until the BAR is filed. Peer 1 is taking all necessary steps to file the BAR as soon as possible.
Peer 1 Network is a leading Internet infrastructure provider which delivers client-centric solutions that ensure customers’ online presence is available 100% of the time. From colocation and self-managed dedicated servers to complex managed hosting, Peer 1 has a solution to meet the online needs of all types and sizes of customers.
To learn more about Peer 1, please visit: www.peer1.net.