IKANO PRESS RELEASES

Salt Lake City (October 25, 2004) – IKANO Communications, the nation’s largest provider of private-label Internet services, today announced it ranked 132nd in the Inc. 500 listing of the fastest growing private companies in the country. A two-time Inc. 500 winner, IKANO achieved an explosive 5-year growth rate of 1,253%. The Inc. 500 Special Issue will appear on newsstands October 26th and will be on display until December 21, 2004.

“IKANO’s significant growth rate over the past five years is a result of our commitment to innovation, combined with our ability to anticipate product needs,” said Henry Smith, IKANO President and CEO. “We are one of few companies growing in our space, and our employees make it happen,” said Smith.

The companies that made this list have thrived despite continued stagnation in the economy, posting an average year-over-year sales growth of 265%. Inc. 500 companies posted aggregate 2003 revenue of $12.6 billion, and 82% of them were profitable. While the United States shed 410,000 jobs in 2003, Inc. 500 companies provided employment for more than 70,000 people.

Further demonstrating the resilience of this year’s Inc. 500 crop is the fact that 102 of this year’s honorees started in 1999—meaning that they weathered the start-up costs of the overcapitalized boom and thrived during the impending bust that was one of the toughest periods for young companies in recent memory.

“The best thing you can say about this year’s crop of Inc. 500 entrepreneurs is that they didn’t buy into the hype,” said Inc. editor-in-chief John Koten. “When people were practically giving away funding in the late 1990s, these companies didn’t overextend, and when everyone hit the panic button a few years later, they stayed calm and seized opportunity.”

The Inc. 500 ranks privately held companies according to averaged year-over-year sales growth over the past four years. With approximately 75% of all new job creation in the U.S. coming from small businesses, the Inc. 500 is a prescient indicator of the companies and industries that are driving the economy forward. Eighty-five companies (17%) on this year’s Inc. 500 say they plan to

go public at some point. Over the years, the Inc. 500 has identified the next generation of world-class companies, with Microsoft, Stonyfield Farms, Timberland, Oracle, The Princeton Review, Morningstar, E* Trade, Intuit, and Domino’s Pizza all appearing on the list before they became industry powerhouses.

IKANO has received a total of $33.5 million in venture capital funding. During the past five years, the company expanded from 50 employees to more than 325 employees. IKANO ranked 175th on the 2004 Deloitte Technology Fast 500 listing of the fastest growing technology companies in North America. In addition, the Initiative for a Competitive Inner City (ICIC) and Inc. Magazine ranked IKANO Communications second in the 2003 “Inner City 100,” a listing of the fastest growing companies located in America’s inner cities.

About IKANO

Stemming from the classical Greek word meaning, "to enable," IKANO is the market-leading enabler of private-label Internet services. IKANO partners with Internet Service Providers to help reduce operating costs, increase revenue and expand geographic reach/product offering. IKANO is the parent company of SISNA, one of the nation's original Internet Service Providers; Interhop/auracom, offering ISP franchises and consumer Internet services throughout Canada; and HOTSPOTZZ, one of the largest private providers of Wi-Fi hot spots. IKANO served as the official network provider for the 2002 Winter Olympic Games. For more information visit www.ikano.com .

About Inc. Magazine

Inc., the only business magazine dedicated exclusively to owners and managers of fast-growing private companies, delivers real solutions for today's innovative company builders. It provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing and technology. Inc. is the premier publication that focuses on small to medium-size businesses, which are responsible for more than half the nation's gross domestic product and 75% of its new jobs. And Inc. looks beyond work to address the entrepreneurial lifestyle. Inc., a Gruner + Jahr USA publication, inspires and informs, with cutting-edge coverage that reflects our readers' energy, brashness, and imagination.