Terremark CEO Controlled Entity, MD Medina Investments, LLC. Purchases $3.75 Million of Terremark Common Stock
09 Aprile 2007 - 2:30PM
Business Wire
Terremark Worldwide, Inc. (AMEX:TWW), a leading operator of
integrated Internet exchanges and a global provider of managed IT
infrastructure solutions for government and private sectors, today
announced that MD Medina Investments, LLC, a limited liability
company controlled by the Company�s Chief Executive Officer Manuel
D. Medina, has purchased 500,000 shares of the Company�s common
stock. The purchase price for the common stock was $7.50 per share.
The shares were purchased from Sun Equity Assets Limited, a
corporation controlled by Francis Lee. About Terremark Worldwide,
Inc. Terremark Worldwide, Inc. (AMEX:TWW) is a leading operator of
integrated Internet exchanges and a global provider of managed IT
infrastructure solutions for government and private sectors.
Terremark delivers its portfolio of services from seven locations
in the U.S., Europe and Latin America and from four service
aggregation and distribution locations, which aggregate network
traffic and distribute network-based services in Europe and Asia to
meet specific customer needs. Terremark's flagship facility, the
NAP of the Americas, is the model for the carrier-neutral Internet
exchanges the company has in Santa Clara, California (NAP of the
Americas/West), in Sao Paulo, Brazil (NAP do Brasil) and in Madrid,
Spain (NAP de las Americas - Madrid). The carrier-neutral NAP of
the Americas is a state-of-the-art facility that provides exchange
point, colocation and managed services. Terremark is headquartered
at 2601 S. Bayshore Drive, 9th Floor, Miami, Florida USA,
305-856-3200. More information about Terremark Worldwide can be
found at http://www.terremark.com. Statements contained in this
press release may constitute "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995. Terremark's actual results may differ materially from those
set forth in the forward-looking statements due to a number of
risks, uncertainties and other factors, as discussed in Terremark's
filings with the SEC. These factors include, without limitation,
Terremark's ability to obtain funding for its business plans,
uncertainty in the demand for Terremark's services or products and
Terremark's ability to manage its growth. Terremark does not assume
any obligation to update these forward-looking statements.
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