Press Releases
SOURCE: DH Capital, LLC

DH CAPITAL ADVISES FASTNET ON SALE TO US LEC

NEW YORK, NY - December 17, 2003 - DH Capital, LLC, a New York City based investment bank, announced that it served as exclusive investment banker to FASTNET Corp., Debtor-In-Possession, on the sale of substantially all of its assets to US LEC Corp.

US LEC Corp. acquired the Broadband and Dial-Up Internet Access, Co-location, and Managed Hosting business units of FASTNET Corp., as well as two data centers in eastern Pennsylvania. For information on US LEC Corp., please visit their website at www.uslec.com.

About DH Capital, LLC
DH Capital is a private investment banking partnership serving the media, Internet and telecommunications industries. The firm capitalizes on more than seventy years of combined experience in financing, acquiring, selling and operating companies. DH Capital specializes in providing a full range of advisory services to companies and financial institutions including private placements, mergers & acquisitions, financial restructuring, and operational consulting. The principals of DH Capital have led hundreds of transactions including M&A totaling in excess of $10 billion, private equity placements totaling more than $800 million, and debt placements totaling in excess of $8 billion.

For additional information on DH Capital, please contact us at 212-698-7990.