WorldPort Communications Q2/1999 Revenues - Company Financial Information - Statistical Data Included

Cambridge Telcom Report, August 16, 1999

WorldPort Communications, Inc. (OTC Bulletin Board: WRDP) has announced revenues for its second quarter ended June 30, 1999. Revenues for the quarter were $24.5 million, representing a 1329% increase over revenues for the second quarter of 1998, and a 34% increase over revenues for the first quarter of 1999. Internet related and international long distance services in Europe continue to be the primary source of revenue. WorldPort's net property and equipment increased to $115.7 million, up 29% from $89.4 million for the same period in 1998. Additionally, the sequential growth for net PPE was approximately 10% when compared to the first quarter of 1999.

Loss for the second quarter of 1999 was ($1.32), an 8% improvement from the first quarter of 1999.

              WorldPort Communications, Inc.
            Consolidated Results (in thousands)

                     2Q1999            1Q1999        Change

Revenue            $ 24,521          $ 18,275   34% Improvement

EBITDA               (7,121)           (6,442)  11% Decrease

Gross Margin          5,853             6,207   -6% Decrease

Operating Loss      (12,880)          (11,714)  10% Increase

Net Loss            (31,323)          (27,001)  16% Increase

EPS                  $(1.32)           $(1.43)  -8% Decrease

Net PP              115,731           105,387   10% Increase

Total Minutes       507,000           482,000    5% Increase

                     2Q1999            2Q1998        Y-o-Y

Revenue             $24,521            $1,716 1,329% Improvement

EBITDA               (7,121)           (3,898)   83% Decrease

Gross Margin          5,853                99  5812% Increase

Operating Loss      (12,880)           (4,764)  170% Increase

Net Loss            (31,323)           (5,429)  477% Increase

EPS                $  (1.32)         $  (0.32)  313% Decrease

Net PPE             115,731            89,423    29% Increase

Total Minutes       507,000               N/A             N/A

Commenting on the Company's results, WorldPort President and Chief Executive Officer Carl J. Grivner said, "We are very pleased with our growth in the second quarter and the first six months of 1999 while we continue to work through the recapitalization of our business."

Second Quarter Financial Highlights Revenues from Internet Related and International Long Distance Services WorldPort generates revenues primarily from international long distance services, national long distance services (i.e. within The Netherlands) and Internet-related transmission and termination services over owned-network facilities and facilities leased from other telecommunications service providers. Total minutes of use in the second quarter of 1999 were approximately 507 million minutes, an increase of 5% over results for the previous quarter results. Revenues in the second quarter of 1999 totaled approximately $24.5 million.

Other Financial Information WorldPort's net property, plant and equipment increased to approximately $115.7 million as of June 30, 1999 from approximately $105.3 million as of March 31, 1999.

Operational Highlights * Winner of the SuperQuest "Best Built IP Network 1998" Award * Successfully completed International Voice Over IP (VoIP) testing using WorldPort's global IP backbone * Launched "IP Uplink", providing IP connectivity services to ISPs in the Netherlands * Established Internet peering relationships with over 30 ISP's in Europe * WorldPort UK passed more than a million minutes in first month of operation * First transatlantic Private Lines installed and operational * First Switch Partitioning customer installed and operational

Sales and Marketing Highlights * Executive Vice President Daniel G. Lazarek voted member of TRA Board of Directors * During the three-month period ending June 30, 1999, WorldPort completed 74 customer contracts, including 44 carriers, 10 ISPs and 29 Corporate customers

Other Matters WorldPort's common stock is now quoted and traded on the OTC Bulletin Board under the symbol "WRDP" after having been delisted from the Nasdaq SmallCap Market as of the close of business in August 4, 1999.

Several shareholder class action lawsuits have been filed against the company in connection with its Nasdaq listing. The Company has no comment on these lawsuits at this time.

WorldPort Communications, Inc., headquartered in Atlanta, Georgia (USA), provides international telecommunications and Internet services primarily to ISPs, long distance carriers, medium and large corporate customers in Europe and North America. WorldPort offers domestic and international voice, data, video, Internet and other telecommunication services over a network of terrestrial and undersea cables, switches, and other network equipment and through interconnection agreements with major carriers in Europe and North America. FMI: www.wrdp.com.