News Release

PEER 1 Celebrates 10th Anniversary

PEER 1 Network Enterprises, Inc. 2009-09-09

Business Hosting Provider Marks Milestones and Looks Ahead to Next Decade

VANCOUVER, BC – September 9, 2009 – PEER 1 Network Enterprises, Inc. (TSX:PIX), the global online business hosting provider, today announced the 10th anniversary of its business. To celebrate the occasion, PEER 1 is offering new customers one month free, plus free setup on all available Managed Hosting plans during September 2009.

Jon Barber, CEO of Canada-based Dynaworx Inc. and longstanding PEER 1 customer commented: "Ten years as a top business hosting provider is a major achievement that PEER 1 should be very proud of, and we should know! Dynaworx has been a PEER 1 customer since the first day of its first data center and our relationship with them over the years has been instrumental in enabling us to grow to over 200 servers and realize our own business potential. PEER 1 has consistently valued our business, sought to collaborate, and acted as a genuine partner throughout our relationship to date. We congratulate the company on its success now and into the future."

PEER 1 began in 1999 at the outset of the Internet age when founder Lance Tracey, alongside then CTO Mark Teolis, set up the original network infrastructure to offer affordable web access to customers. Ten years later, PEER 1 has grown to a 360-strong international team delivering global business hosting solutions through its 10GB SuperNetwork(TM) and 16 data centers around the world. PEER 1's more than 10,000 customers ranging from startups to enterprises benefit from its 100% uptime guarantee and FirstCall Support(TM) promise.

"Ten years is a long time in hosting and our anniversary celebration is a testament to the strength of our business," said Fabio Banducci, President and CEO of PEER 1. "Investing in leading-edge technology to support our IT infrastructure, and investing in our people to deliver remarkable customer support are integral to our success. I congratulate our customers in the ongoing success of their businesses which PEER 1 is proud to support and I applaud the talent and dedication of our personnel around the world."

PEER 1 has accomplished numerous corporate and technology landmarks in its 10-year history, the highlights of which include:

1999 Colobrokers forms at the outset of the Internet age to provide affordable bandwidth to customers
2004 Acquired ServerBeach Ltd, including data centers in San Antonio, Texas and Herndon, Virginia
2004 Opens first European network POP in London, UK and connects to LINX, the London Internet Exchange
2005 Purchased Managed Hosting assets of Interland, Inc, including data centers in Atlanta, Georgia; Fremont, California; and Miami, Florida
2006 Extends SuperNetwork to Amsterdam, The Netherlands, and joins AMS- IX, the Amsterdam Internet Exchange and peering point
2008 ServerBeach puts its 10,000th server online
2008 PEER 1 trades on the TSX (Toronto Stock Exchange), under trading symbol PIX
2009 PEER 1 UK operation and data center opens in Southampton, UK

About PEER 1
PEER 1 believes in the limitless opportunity of the Internet, and the business growth potential it provides for its more than 10,000 customers. As a global online business hosting provider, PEER 1 offers a reliable high performance Internet network supporting scalable Managed Hosting, Dedicated Hosting through the ServerBeach brand, and Colocation solutions. Backed by its 100 percent uptime guarantee and 24x7x365 FirstCall Support(TM), PEER 1 ensures customers' online presence is always fast, always available. Since 1999, PEER 1 has grown to include 16 state-of-the-art data centers and points-of-presence throughout North America and Europe. The company's headquarters are in Vancouver, Canada, with European operations headquartered in Southampton, UK. PEER 1 shares are traded on the TSX under the symbol PIX. For more information visit: www.peer1.com or www.peer1hosting.co.uk.

For further information: For media inquiries please contact Marcela Peake at PEER 1, (604) 909-6428, mpeake@peer1.com; For European media inquiries please contact Champion Communications, +44 20 7268 3436, peer1@championcomms.com; For investor inquiries please contact Thomas McMillan, Equicom Group, (403) 536-5903, tmcmillan@equicomgroup.com