SNiP Telecommunications Announces Private Equity Funding to Expand Network Footprint

Pennsauken, NJ, October 9, 2007 - SNiP today announced the completion of private equity funding transaction that will enable the company to expand its regional network footprint.

“The new SNiP will create the financial, operating and technological strengths necessary to give the SME marketplace what it needs: a more personal experience with reliable services at an excellent value,” said Pete Cava, CEO SNiP. “ SNiP achieved its first milestone by successfully transitioning from an ISP with largely residential customers in 1995 to a CLEC today with the majority of its revenue coming from SME accounts. Now its time for the 2nd milestone expanding our on-net footprint to service more customers in more Tier 2 and Tier 3 markets, that’s where we have built our success to date”.

About SNiP Telecommunications

SNiP Communications is a leading regional integrated communications provider that offers a broad portfolio of advanced telecommunications solutions tailored to meet the individual needs of small and medium sized businesses in NJ, PA and DE. For more information, visit www.sniplink.net.