Telergy achieves second consecutive record quarter

EAST SYRACUSE, N.Y. — Telergy, Inc., a privately owned developer of high-speed
fiber-optic networks and provider of bundled broadband services in the Northeastern
U.S, has announced that it successfully secured $62 million in contracted revenues
during the first quarter of 2000 — a 332 percent increase over the same period
a year earlier. According to the company, its total of $175 million in new contracts
in the last two quarters has produced $102 million in cash received over the last
four months.