DSL.net Receives AMEX Notice Regarding Listing

Business Wire, Oct 14, 2005

NEW HAVEN, Conn. -- DSL.net, Inc. (AMEX: BIZ), a leading nationwide provider of broadband communications services to businesses, today announced that it received a letter from the American Stock Exchange (AMEX) indicating that the Company's common stock may not be suitable for continued trading on the AMEX due to its low selling price over the last six months. In the letter, the Company also was advised under Section 1003(f)(v) of the AMEX Company Guide that AMEX deems it appropriate for the Company to effect a reverse split of its shares of common stock "within a reasonable amount of time" to address the low selling price of its common stock. If the Company does not effect a reverse stock split within a reasonable amount of time, AMEX may determine that the Company is not in compliance with Section 1003(f)(v) of the AMEX Company Guide, in which case the Company would then become subject to AMEX de-listing procedures.

DSL.net is currently evaluating various alternatives in response to the AMEX letter.

Beginning on or about October 18, 2005, the Company will be included in a list of issuers, which is posted daily on the AMEX Website, that are not in compliance with AMEX's continued listing standards, and ".BC" will be appended to the Company's ticker symbol whenever the Company's trading symbol is transmitted with a quotation or trade. The Website posting and indicator will remain in effect until the Company has regained compliance with applicable continued listing standards.

About DSL.net

DSL.net, Inc. is a leading nationwide provider of broadband communications services to businesses. The Company combines its own facilities, nationwide network infrastructure and Internet Service Provider (ISP) capabilities to provide high-speed Internet access, private network solutions and value-added services directly to small- and medium-sized businesses or larger enterprises looking to connect multiple locations. DSL.net product offerings include T-1, DS-3 and business-class DSL services, virtual private networks (VPNs), frame relay, Web hosting, DNS management, enhanced e-mail, online data backup and recovery services, firewalls and nationwide dial-up services, as well as integrated voice and data offerings in select markets. For more information, visit www.dsl.net, e-mail info@dsl.net, or call 1-877-DSL-NET1 (1-877-375-6381).

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and, to the extent it does, these forward-looking statements are subject to a variety of risks and uncertainties, many of which are beyond DSL.net's control, which could cause actual results to differ materially from those contemplated in these forward-looking statements. In particular, the risks and uncertainties associated with DSL.net's business include, among other things, (i) fluctuations in DSL.net's quarterly operating results, which could adversely affect the price of its common stock; (ii) DSL.net's ability to raise sufficient additional capital on acceptable terms, or at all, to finance continuing operations; (iii) DSL.net's failure to generate sufficient revenue, contain certain discretionary spending, achieve certain other business plan objectives, or obtain additional debt or equity financing could have a material adverse effect on DSL.net's results of operations or financial position, or cause it to restructure its operations to further reduce operating costs or to cease operations or to sell all or a portion of DSL.net's assets; and (iv) DSL.net's ability to maintain compliance with the American Stock Exchange's continuing listing requirements (including without limitation those relating to its financial condition and operating results), which failure could adversely impact the pricing and trading of DSL.net's common stock. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. DSL.net undertakes no obligation, and disclaims any obligation, to update or revise the information contained in this press release, whether as a result of new information, future events or circumstances or otherwise. For additional information regarding these and other risks faced by DSL.net, see the disclosure contained under "Risk Factors'' in DSL.net's Annual Report on Form 10-K for the year ended December 31, 2004, which has been filed with the Securities and Exchange Commission.

DSL.net is a trademark of DSL.net, Inc. Other company names may be trademarks of their respective owners.