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Stage 2 Networks Names Tom Faherty as Chief Technology Officer

     Seasoned Operations and Engineering Executive to Oversee
                     Company's Growing Network

NEW YORK, Jan. 10, 2012 (GLOBE NEWSWIRE) -- Stage 2 Networks, a cloud
communications leader in the New York metropolitan area with a
portfolio of hosted voice and data services, today announced the
appointment of Tom Faherty as Chief Technology Officer.

Mr. Faherty will be responsible for managing product development,
cultivating strategic relationships with key technology partners,
engineering the company's core network, systems and carrier
infrastructure as well as guiding the on-going development of Stage 2's
operational support systems and providing overall technical leadership
for the company.

"One of the biggest benefits of acquiring the hosted VoIP division of
CTI last month has been that we added a great deal of talent to Stage
2. Our team was strong but it just got appreciably stronger," said Joe
Gillette, CEO of Stage 2 Networks and a founding member of the Cloud
Communications Alliance. "I've known Tom for many years and I'm
thrilled to have him on our leadership team. He brings a wealth of
experience and insight to this company's growth efforts."

Prior to joining Stage 2 Networks, Mr. Faherty has held executive
operations and engineering positions at CTI, Eureka Networks which was
bought by Broadview, SMN which was bought by France Telecom, and Globix
which was bought by NEON Broadband. Mr. Faherty is a member of the
Institute of Electrical and Electronics Engineers (IEEE), the Internet
Society (ISOC) and Associate Member of the US Internet Industry
Association (USIIA).

About Stage 2 Networks

Stage 2 Networks, a New York City-based communications provider, is
among the forerunners in opening up the cloud-communications universe
to companies of all sizes. Stage 2's robust network allows businesses
to access a comprehensive portfolio of communications services
including hosted PBX and VoIP, cloud-based unified communications (UC),
advanced voice applications, and network services for both voice and
data. Stage 2 delivers creative, customized solutions to businesses
that will receive streamlined communications with enhanced quality of
service, while drastically lowering their capital expenditures. Stage 2
is a founding member of the Cloud Communications Alliance. For more
information visit

The Stage 2 Networks logo is available at

CONTACT: Stage 2 Networks
         Suzanne Urash