MPE Bank of America Corp. Market Index Target Term Securities (Mitts) Linked TO The S&P 500 Index

New Release of VoIP Service Expands Features and Functionality ROCHESTER, N.Y., Jan. 30 /PRNewswire-FirstCall/ -- Mpower Communications Corp., a leading provider of data and voice services to retail and wholesale business customers, today announced the latest release of its VoicePipe(TM) hosted IP PBX service, version 2.7. VoicePipe features a wide range of advanced IP telephony services and is a cost-effective way for small businesses up to large, multi-location enterprises to fully leverage the advantages of IP telephony and converged voice and data solutions. Unlike most other VoIP services today, Mpower's VoicePipe hosted IP PBX is a facilities-based solution meaning it runs over the company's own private network assets to create high quality and solid economic benefits for both the company's customers and shareholders. The latest release, VoicePipe 2.7 features a number of enhancements including a new application platform that provides additional redundancies and diversity, along with more features and functionality. The new open architecture platform allows for more equipment and services to be utilized and integrated with the VoIP technology. Mpower has transitioned its entire legacy base of VoIP customers onto the robust VoicePipe 2.7 product platform. All Mpower VoicePipe customers now enjoy improved control capabilities using intuitive web-based service tools, integration with Microsoft Outlook, and enhanced mobility features such as unified messaging and advanced forwarding. Impact Solutions, LLC, a phone vendor partner of Mpower's, has firsthand experience with the additional benefits of Mpower's VoicePipe 2.7 solution. With offices in San Diego and Orange County, CA, Impact Solutions offers expertise in strategic staffing, telecommunications consultation, telecommunication equipment sales and full system design. When it came time for the company to consolidate its own communications and connect its multiple offices, Impact Solution turned to Mpower and the VoicePipe Hosted PBX solution. "When we had to connect our businesses in San Diego and Orange County, we looked at several options and determined that Mpower VoicePipe was the perfect solution," stated Toby Copeland, Chief Financial Officer, Impact Solutions, LLC. "With VoicePipe if I need to work at home, I unplug my phone and off I go. The Simultaneous Ring to Cell feature makes it look like I never left the office, and when I need to speak with someone at the office I just dial the 4- digit extension -- no matter if that person is in our office in San Diego, Orange County, or in a hotel in another part of the country. With VoicePipe our business stays connected." Added Mpower Communications President of Sales & Marketing Jim Ferguson, "Clearly there is explosive growth in the VoIP market. By continuing to upgrade and expand our VoIP capabilities and reach, Mpower is in an even greater position to participate in that growth. Our signature VoicePipe 2.7 product rides over a scalable and robust platform as well as Mpower's own deep and dense facilities-based network architecture. We believe VoicePipe 2.7 is one of the most feature-rich converged VoIP services in the marketplace today." Forward-Looking Statements Under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, certain statements contained in this press release regarding our and/or management's intentions, hopes, beliefs, expectations or predictions of the future are forward-looking statements. These forward- looking statements are not historical facts and are only estimates or predictions. Actual results may differ materially from those projected as a result of risks and uncertainties detailed from time to time in our filings with the Securities and Exchange Commission. We undertake no obligation to update publicly any forward-looking statements, whether as a result of future events, new information, or otherwise. About Mpower Communications Founded in 1996, Mpower Communications (AMEX:MPE) is a leading facilities-based broadband communications provider offering a full range of data, telephony, Internet access and Web hosting services for retail business and wholesale customers. Further information about the company can be found at http://www.mpowercom.com/. First Call Analyst: FCMN Contact: sMcCaffrey@mpowercom.com DATASOURCE: Mpower Communications CONTACT: Mpower Communications Investor Contact: Gregg Clevenger, Chief Financial Officer, Phone: +1-585-218-6547, Email: ; or Mpower Communications Media Contact: Michele Sadwick, Vice President, Phone: +1-585-218-6542, Email: Web site: http://www.mpowercom.com/

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