PACW PacWest Bancorp

STOCKTON, Calif., Nov. 14 /PRNewswire-FirstCall/ -- Pac-West Telecomm, Inc. (NASDAQ:PACW), a provider of traditional and next-generation voice communications services in the Western U.S., today announced it has entered into a $20 million credit facility with Comerica Bank. "We are pleased to have entered into this funding relationship with Comerica, which provides the company with financial flexibility as we pursue our growth initiatives," said Ravi Brar, chief financial officer of Pac-West." This credit facility is intended to support our recently announced national expansion plans if required, as well as pursue other opportunities to grow the company." "We appreciate the opportunity to be part of Pac-West's business plan, and to demonstrate our commitment to the Technology sector," said Rod Werner, senior vice president in Comerica Bank's Technology & Life Sciences division. The $20 million credit facility is comprised of a revolving line of credit of up to $5 million, and a term loan facility of up to $15 million. The $5 million revolving line of credit may be used for general working capital purposes, and the $15 million term loan facility may be used to fund capital expenditures, debt repurchases and acquisitions within certain limits. Borrowing under the credit facility is subject to receipt of specified regulatory approvals and the satisfaction of other customary conditions. For additional details, please refer to the 8K, filed with the SEC, which can be found at: http://www.pacwest.com/pacwest/about-pac-west/investor- relations/sec-filings.shtml. About Pac-West Telecomm, Inc. Pac-West is a provider of advanced communications services that enable traditional and next-generation providers, carriers, and service providers to efficiently design, deploy, and deliver integrated communication solutions. Currently, Pac-West has operations in California, Nevada, Washington, Arizona, Utah, and Oregon. Founded in 1980, Pac-West Telecomm, Inc. has been offering communication services to its customers since 1982 and has been a leading provider of wholesale services to Internet Service Providers. For more information, visit http://www.pacwest.com/. Forward-Looking Statements In this press release, our use of the words "outlook," "expect," "anticipate," "estimate," "forecast," "project," "likely," "objective," "plan," "designed," "goal," "target," and similar expressions is intended to identify forward-looking statements. While these statements represent our current judgment on what the future may hold, and we believe these judgments are reasonable, actual results may differ materially due to numerous important risk factors that are described in our Annual Report on Form 10-K for the period ended December 31, 2004, as filed with the SEC on March 30, 2005, which may be revised or supplemented in subsequent reports filed by us with the SEC. Such risk factors include, but are not limited to: our level of indebtedness; an inability to generate sufficient cash to service our indebtedness; regulatory and legal uncertainty with respect to intercarrier compensation payments received by us; the migration to broadband Internet access affecting dial-up Internet access; the loss of key executive officers could negatively impact our business prospects; an increase in our network expenses; migration of our enterprise customer base to U.S. TelePacific Corp. occurring sooner or later than contemplated; the possible delisting of our common shares from the Nasdaq SmallCap Market; and our principal competitors for local services and potential additional competitors have advantages that may adversely affect our ability to compete with them. About Comerica Bank's Technology and Life Sciences Division Comerica Bank's Technology and Life Sciences Division is one of the nation's leading technology banking practices, offering a wide range of financial services tailored to corporate customers, entrepreneurs and professionals. Veteran bankers provide credit and financial services and products to young, growing, professionally backed technology and life sciences companies, as well as their more mature counterparts. The Technology and Life Sciences Division serves all major U.S. technology centers from offices coast- to-coast and its headquarters in Palo Alto, Calif. Comerica Bank is a subsidiary of Comerica Incorporated (NYSE:CMA), a financial services company headquartered in Detroit and among the 25 largest U.S. banking companies, with $54.3 billion in total assets at Sept. 30, 2005. DATASOURCE: Pac-West Telecomm, Inc. CONTACT: investors, Reid Cox, +1-209-926-3417, or , or media, Nicole Rayl, +1-209-926-4371, or , both of Pac-West Web site: http://www.pacwest.com/

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