Cogent Communications (CCOI) 8-K Cogent Communications Reports Fourth Quarter 2007 and Fiscal 2007 Results

Exhibit 99.1

[LOGO]

FOR IMMEDIATE RELEASE

Cogent Contacts:
For Public Relations:	For Investor Relations:
Jeff Henriksen + 1 (202) 295-4388 jhenriksen@cogentco.com	John Chang + 1 (202) 295-4212 investor.relations@cogentco.com

COGENT COMMUNICATIONS REPORTS FOURTH QUARTER 2007 AND FISCAL 2007 RESULTS

WASHINGTON, D.C. February 27, 2008Cogent Communications Group, Inc. (NASDAQ: CCOI) today announced net service revenue of $50.0 million for the three months ended December 31, 2007, an increase of 23.3% over $40.5 million for the three months ended December 31, 2006. On-net revenue was $40.5 million for the three months ended December 31, 2007, an increase of 35.1% over $30.0 million for the three months ended December 31, 2006. On-net service is provided to customers located in buildings that are physically connected to Cogent’s network by Cogent facilities. Off-net revenue was $8.0 million for the three months ended December 31, 2007, a decrease of 5.4% from $8.4 million for the three months ended December 31, 2006. Off-net customers are located in buildings directly connected to Cogent’s network using other carriers’ facilities and services to provide the last mile portion of the link from the customers’ premises to Cogent’s network. Non-core revenue was $1.5 million for the three months ended December 31, 2007, a decrease of 29.8% from $2.1 million for the three months ended December 31, 2006. Non-core services are legacy services, which Cogent acquired and continues to support but does not actively sell.

Net service revenue was $185.7 million for the year ended December 31, 2007 an increase of 24.5% over $149.1 million for the year ended December 31, 2006. On-net revenue was $146.6 million for the year ended December 31, 2007, an increase of 39.3% over $105.3 million for the year ended December 31, 2006. Off-net revenue was $32.1 million for the year ended December 31, 2007, a decrease of 6.7% from $34.4 million for the year ended December 31, 2006. Non-core revenue was $6.9 million for the year ended December 31, 2007, a decrease of 26.1% from $9.4 million for the year ended December 31, 2006.

Gross profit, excluding equity-based compensation expense, increased 36.7% from $20.2 million for the three months ended December 31, 2006 to $27.6 million for the three months ended December 31, 2007. Gross profit margin, excluding equity-based compensation expense, increased from 49.8% for the three months ended December 31, 2006 to 55.2% for the three months ended December 31, 2007. Gross profit, excluding equity-based compensation expense, increased 42.3% from $69.0 million for the year ended December 31, 2006 to $98.1 million for the year ended December 31, 2007. Gross profit margin, excluding equity-based compensation expense, expanded from 46.3% for the year ended December 31, 2006 to 52.8% for the year ended December 31, 2007.

Earnings before interest, taxes, depreciation and amortization (EBITDA), as adjusted, was $13.3 million for the three months ended December 31, 2007, an increase of 67.5%, over $8.0 million for the three months ended December 31, 2006. EBITDA, as adjusted, margin increased from 19.7% for the three months ended December 31, 2006 to 26.7% for the three months ended December 31, 2007. EBITDA, as adjusted, was $46.2 million for the year ended December 31, 2007, an increase of 104.2%, over $22.6 million for the year ended December 31, 2006. EBITDA, as adjusted, margin increased from 15.2% for the year ended December 31, 2006 to 24.9% for the year ended December 31, 2007.

Basic and diluted net loss applicable to common stock was $(0.15) per share for the three months ended December 31, 2007 compared to $(0.21) per share for the three months ended December 31, 2006. Weighted average common shares outstanding – basic and diluted — were 46.9 million for the three months ended December 31, 2007 as compared to 48.5 million for the three months ended December 31, 2006. Basic and diluted net loss applicable to common stock was $(0.65) per share for the year ended December 31, 2007 compared to $(1.16) per share for the year ended December 31, 2006. Weighted average common shares outstanding – basic and diluted — were 47.8 million for the year ended December 31, 2007 as compared to 46.3 million for the year ended December 31, 2006.

Total customer connections were 14,982 as of December 31, 2007 compared to 12,315 as of December 31, 2006, an increase of 21.7%. On-net customer connections were 11,192 as of December 31, 2007 compared to 7,778 as of December 31, 2006, an increase of 43.9%. Off-net customer connections were 2,986 as of December 31, 2007 compared to 3,528 as of December 31, 2006, a decrease of 15.4%. Non-core customer connections were 804 as of December 31, 2007 compared to 1,009 as of December 31, 2006, a decrease of 20.3%.

The number of on-net buildings increased by 110 from 1,107 as of December 31, 2006 to 1,217 as of December 31, 2007.

Outlook — First Quarter 2008 Estimates

• Cogent estimates net service revenue for the first quarter of 2008 to increase by over 4.0% from the fourth quarter of 2007 to be over $52.0 million.

• Cogent estimates that its on-net revenues for the first quarter of 2008 will increase by over 7% from the fourth quarter of 2007.

• Cogent estimates EBITDA, as adjusted, for the first quarter of 2008 to be over $14.5 million.

• Cogent estimates its net loss per basic and diluted common share for the first quarter of 2008 to be between $(0.17) and $(0.22). Cogent’s guidance includes an expected $5.5 million to $6.0 million of estimated non-cash equity-based compensation expense and assumes approximately 46.0 million weighted average common shares outstanding.

Outlook — Full Year 2008 Estimates
Cogent is refining and updating the following previously released fiscal year 2008 estimates:

• Cogent estimates net service revenue for fiscal 2008 to be between $225.0 million and $235.0 million.

• Cogent estimates that its on-net revenues will increase from 30% to 33% from fiscal year 2007 to fiscal year 2008.

• Cogent estimates EBITDA, as adjusted, for fiscal 2008 to be between $75.0 million and $80.0 million.

• Cogent estimates its net loss per basic and diluted common share for fiscal 2008 to be between $(0.10) and $(0.20) from its previously released guidance of between $(0.15) and $(0.30). Cogent’s 2008 net loss per basic and diluted common share guidance includes $18.0 million to $19.0 million of non-cash equity-based compensation expense from its previously released guidance of between $14.5 million to $15.5 million of non-cash equity-based compensation expense and assumes 46.0 million weighted average common shares outstanding from its previously released guidance of 47.0 million weighted average common shares outstanding.

• Cogent’s previously released fiscal 2008 guidance of its net loss per basic and diluted common share assumed the adoption of FASB Staff Position APB 14-a “Accounting for Convertible Debt Instruments That May Be Settled in Cash Upon Conversion (Including Partial Cash Settlement)” as of January 1, 2008. The adoption of FASB Staff Position APB 14-a, as proposed, was expected to result in an increase to the discount on Cogent’s convertible senior notes with a corresponding increase to stockholder’s equity. This accounting change was expected to result in an additional $9.0 million of non-cash interest expense for fiscal 2008. The adoption date of FASB Staff Position APB 14-a was previously expected to be January 1, 2008. The adoption date has been delayed by the FASB, so Cogent has removed the impact of the adoption of FASB Staff Position APB 14-a from its fiscal 2008 guidance.

Conference Call and Web site Information
Cogent will host a conference call with financial analysts at 8:30 a.m. (ET) on February 27, 2008 to discuss Cogent’s operating results for the fourth quarter of 2007 and fiscal year 2007 and Cogent’s expectations for the first quarter of 2008 and fiscal year 2008. Investors and other interested parties may access a live audio webcast of the earnings call under “Events” at the Investor Relations section of Cogent’s website athttp://www.cogentco.com/htdocs/events.php. A replay of the web cast, together with the press release, will be available on the website following the earnings call.

About Cogent Communications
Cogent Communications (NASDAQ: CCOI) is a multinational, Tier 1 facilities-based ISP. Cogent specializes in providing businesses with high speed Internet access and point-to-point transport services. Cogent’s facilities-based, all-optical IP network backbone spans over 20 countries and provides IP services in over 100 markets located in North America and Europe.

Cogent Communications is headquartered at 1015 31st Street, NW, Washington, D.C. 20007. For more information, visit www.cogentco.com. Cogent Communications can be reached in the United States at (202) 295-4200 or via email atinfo@cogentco.com.

# # #
COGENT COMMUNICATIONS GROUP, INC., AND SUBSIDIARIES
Summary of Financial and Operational Results

	Q1 2006			Q2 2006			Q3 2006			Q4 2006			Q1 2007			Q2 2007			Q3 2007			Q4 2007
Metric ($ in 000’s, except share
and per share data) - unaudited
On-Net revenue	$	22,693		$	25,142		$	27,465		$	29,976		$	33,153		$	35,295		$	37,646		$	40,511
% Change from previous Qtr.		8.1	%		10.8	%		9.2	%		9.1	%		10.6	%		6.5	%		6.7	%		7.6	%
Off-Net revenue	$	9,114		$	8,583		$	8,296		$	8,422		$	8,460		$	7,938		$	7,757		$	7,968
% Change from previous Qtr.		-5.3	%		-5.8	%		-3.3	%		1.5	%		0.5	%		-6.2	%		-2.3	%		2.7	%
Non-Core revenue (1)	$	2,640		$	2,430		$	2,193		$	2,117		$	2,008		$	1,875		$	1,566		$	1,486
% Change from previous Qtr.		1.4	%		-8.0	%		-9.7	%		-3.5	%		-5.1	%		-6.6	%		-16.5	%		-5.1	%
Net service revenue — total	$	34,447		$	36,155		$	37,954		$	40,515		$	43,621		$	45,108		$	46,969		$	49,965
% Change from previous Qtr.		3.7	%		5.0	%		5.0	%		6.7	%		7.7	%		3.4	%		4.1	%		6.4	%
Network operations expenses (2)	$	20,337		$	20,076		$	19,353		$	20,340		$	21,015		$	21,428		$	22,710		$	22,395
% Change from previous Qtr.		1.9	%		-1.3	%		-3.6	%		5.1	%		3.3	%		2.0	%		6.0	%		-1.4	%
Gross profit (2)	$	14,110		$	16,079		$	18,601		$	20,175		$	22,606		$	23,680		$	24,259		$	27,570
% Change from previous Qtr.		6.4	%		14.0	%		15.7	%		8.5	%		12.0	%		4.8	%		2.4	%		13.6	%
Gross profit margin (2)		41.0	%		44.5	%		49.0	%		49.8	%		51.8	%		52.5	%		51.6	%		55.2	%
Selling, general and administrative expenses (3)	$	10,785		$	11,594		$	11,749		$	12,465		$	12,562		$	12,625		$	12,512		$	14,312
% Change from previous Qtr.		0.1	%		7.5	%		1.3	%		6.1	%		0.8	%		0.5	%		- 0.9	%		14.4	%
Depreciation and amortization expenses	$	14,144		$	14,658		$	14,878		$	14,735		$	15,907		$	16,332		$	16,627		$	16,773
% Change from previous Qtr.		-15.3	%		3.6	%		1.5	%		-1.0	%		8.0	%		2.7	%		1.8	%		0.9	%
Equity-based compensation expense	$	3,499		$	3,372		$	2,619		$	1,019		$	1,619		$	2,466		$	3,061		$	3,238
% Change from previous Qtr.		-7.2	%		-3.6	%		-22.3	%		-61.1	%		58.9	%		52.3	%		24.1	%		5.8	%
Net loss	$	(16,441	)	$	(15,491	)	$	(11,854	)	$	(9,971	)	$	(9,404	)	$	(9,192	)	$	(5,423	)	$	(7,006	)
% Change from previous Qtr.		19.0	%		5.8	%		23.5	%		15.9	%		5.7	%		2.3	%		41.0	%		-29.2	%
Basic and diluted net loss per common share	$	(0.38	)	$	(0.34	)	$	(0.24	)	$	(0.21	)	$	(0.19	)	$	(0.19	)	$	(0.12	)	$	(0.15	)
% Change from previous Qtr.		19.1	%		10.5	%		29.4	%		12.5	%		9.5	%		0.0	%		36.8	%		-25.0	%
Weighted average common shares – basic and diluted		43,841,837			45,099,826			48,463,130			48,510,716			48,655,385			48,378,853			47,073,070			46,885,843
% Change from previous Qtr.		0.5	%		2.9	%		7.5	%		0.1	%		0.3	%		-0.6	%		-2.7	%		-0.4	%
EBITDA, as adjusted (4)	$	3,325		$	4,485		$	6,852		$	7,964		$	10,057		$	11,055		$	11,747		$	13,340
% Change from previous Qtr.		34.0	%		34.9	%		52.8	%		16.2	%		26.3	%		9.9	%		6.3	%		13.6	%
EBITDA, as adjusted margin (4)		9.7	%		12.4	%		18.1	%		19.7	%		23.1	%		24.5	%		25.0	%		26.7	%
Cash (used in) provided by operating activities	$	(1,591	)	$	4,918		$	1,498		$	460		$	13,627		$	10,286		$	11,256		$	13,461
% Change from previous Qtr.		41.9	%		409.1	%		-69.5	%		-69.3	%		2,862.4	%		-24.5	%		9.4	%		19.6	%
Capital expenditures	$	4,662		$	7,097		$	6,138		$	3,585		$	7,580		$	9,548		$	8,977		$	4,284
% Change from previous Qtr.		-10.2	%		52.2	%		-13.5	%		-41.6	%		111.4	%		26.0	%		-6.0	%		-52.3	%
Customer Connections – end of period
On-Net		5,267			6,051			6,919			7,778			8,565			9,773			10,501			11,192
% Change from previous Qtr.		13.1	%		14.9	%		14.3	%		12.4	%		10.1	%		14.1	%		7.4	%		6.6	%
Off-Net		3,614			3,461			3,356			3,528			3,433			3,128			3,021			2,986
% Change from previous Qtr.		-10.3	%		-4.2	%		-3.0	%		5.1	%		-2.7	%		-8.9	%		-3.4	%		-1.2	%
Non Core		1,185			1,129			1,097			1,009			941			885			861			804
% Change from previous Qtr.		-9.1	%		-4.7	%		-2.8	%		-8.0	%		-6.7	%		-6.0	%		-2.7	%		-6.6	%
Total		10,066			10,641			11,372			12,315			12,939			13,786			14,383			14,982
% Change from previous Qtr.		0.8	%		5.7	%		6.9	%		8.3	%		5.1	%		6.5	%		4.3	%		4.2	%
Other – end of period
Buildings On-Net		1,053			1,076			1,094			1,107			1,129			1,159			1,189			1,217
Employees		334			337			361			372			372			394			421			451

(1) Consists of legacy services of companies whose assets or businesses were acquired by Cogent, including voice services (only provided in Toronto, Canada), point-to-point private line services and managed modem services.

(2) Excludes equity-based compensation expense of $105, $101, $79, $31, $49, $74, $61 and $65 in the three months ended March 31, 2006, June 30, 2006, September 30, 2006, December 31, 2006, March 31, 2007, June 30, 2007, September 30, 2007 and December 31, 2007, respectively.

(3) Excludes equity-based compensation expense of $3,394, $3,271, $2,540, $988, $1,570, $2,392, $3,000 and $3,173 in the three months ended March 31, 2006, June 30, 2006, September 30, 2006, December 31, 2006, March 31, 2007, June 30, 2007, September 30, 2007 and December 31, 2007, respectively.

(4) See schedule of non-GAAP metrics below for definition and reconciliation to GAAP measures. EBITDA, as adjusted, includes net gains from the disposition of assets of $27, $254, $13 and $82 in the three months ended March 31, 2006, December 31, 2006, March 31, 2007 and December 31, 2007, respectively. EBITDA, as adjusted, excludes gains on lease restructurings of $255, $154 and $2,110 for the three months ended September 30, 2006, March 31, 2007 and September 30, 2007, respectively.

Schedule of Non-GAAP Measures — EBITDA and EBITDA, as adjusted
EBITDA represents net (loss) income before income taxes, net interest expense, depreciation and amortization. Management believes the most directly comparable measure to EBITDA calculated in accordance with GAAP is cash flows (used in) provided by operating activities.

EBITDA, as adjusted, represents EBITDA less gains on lease restructurings. The Company has excluded these gains because they relate to its capital structure. The Company believes EBITDA, as adjusted, is a useful measure of its ability to service debt, fund capital expenditures, expand its business and make bonus determinations for its employees. EBITDA, as adjusted, is an integral part of the internal reporting and planning system used by management as a supplement to GAAP financial information. The Company also believes that EBITDA is a frequently used measure by securities analysts, investors, and other interested parties in their evaluation of issuers.

EBITDA and EBITDA, as adjusted, are not recognized terms under generally accepted accounting principles in the United States, or GAAP, and accordingly, should not be viewed in isolation or as a substitute for the analysis of results as reported under GAAP, but rather as a supplemental measure to GAAP. For example, EBITDA is not intended to reflect the Company’s free cash flow, as it does not consider certain current or future cash requirements, such as capital expenditures, contractual commitments, and changes in working capital needs, interest expenses and debt service requirements. The Company’s calculations of EBITDA and EBITDA, as adjusted, may also differ from the calculation of EBITDA and EBITDA, as adjusted, by its competitors and other companies and as such, its utility as a comparative measure is limited.

COGENT COMMUNICATIONS GROUP, INC., AND SUBSIDIARIES

EBITDA and EBITDA, as adjusted, are reconciled to cash flows (used in) provided by operating
activities in the table below.

	Q1 2006			Q2 2006			Q3 2006			Q4 2006		Q1 2007			Q2 2007			Q3 2007			Q4 2007			Q1 2008		2008
																								Estimated		Midpoint
																										Estimated
($ In 000’s) – unaudited
Cash flows (used in) provided by operating activities	$	(1,591	)	$	4,918		$	1,498		$	460	$	13,627		$	10,286		$	11,256		$	13,461		$	13,500	$	70,000
Changes in operating assets and liabilities		3,261			(1,854	)		4,489			5,710		(4,947	)		(144	)		590			(351	)		500		4,500
Cash interest expense (income)		1,628			1,421			865			1,540		1,364			913			(99	)		148			500		3,000
Gains on lease restructurings and asset sales		27			—			255			254		167			—			2,110			82			—		—
EBITDA, including gains	$	3,325		$	4,485		$	7,107		$	7,964	$	10,211		$	11,055		$	13,857		$	13,340		$	14,500	$	77,500
Gains on lease restructurings		—			—			(255	)		—		(154	)		—			(2,110	)		—			—		—
EBITDA, as adjusted	$	3,325		$	4,485		$	6,852		$	7,964	$	10,057		$	11,055		$	11,747		$	13,340		$	14,500	$	77,500

Cogent’s SEC filings are available online via the Investor Relations section ofwww.cogentco.com or on the Securities and Exchange Commission’s website atwww.sec.gov.

1

COGENT COMMUNICATIONS GROUP, INC., AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
AS OF DECEMBER 31, 2006 AND 2007
(IN THOUSANDS, EXCEPT SHARE AND PER SHARE DATA)

	2006			2007
Assets
Current assets:
Cash and cash equivalents	$	42,642		$	177,021
Short term investments ($0 and $812 restricted, respectively)		80			812
Accounts receivable, net of allowance for doubtful accounts of $1,233 and $1,159, respectively		20,053			21,760
Prepaid expenses and other current assets		5,339			6,636
Total current assets		68,114			206,229
Property and equipment:
Property and equipment		512,321			561,907
Accumulated depreciation and amortization		(249,053	)		(316,487	)
Total property and equipment, net		263,268			245,420
Intangible assets, net		1,150			165
Deposits and other assets ($1,118 and $306 restricted, respectively)		4,344			3,511
Total assets	$	336,876		$	455,325
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable	$	9,096		$	12,868
Accrued liabilities		11,779			12,891
Convertible subordinated notes, net of discount of $1,213		8,978			—
Current maturities, capital lease obligations		6,027			7,717
Total current liabilities		35,880			33,476
Capital lease obligations, net of current maturities		82,019			84,857
Convertible senior notes, net of discount of $4,133		—			195,867
Other long term liabilities		3,345			2,295
Total liabilities		121,244			316,495
Commitments and contingencies:
Stockholders’ equity:
Common stock, $0.001 par value; 75,000,000 shares authorized; 48,928,108 and 47,929,874 shares issued and outstanding, respectively		49			48
Additional paid-in capital		478,140			430,402
Stock purchase warrants		764			764
Accumulated other comprehensive income—foreign currency translation adjustment		1,638			3,600
Accumulated deficit		(264,959	)		(295,984	)
Total stockholders’ equity		215,632			138,830
Total liabilities and stockholders’ equity	$	336,876		$	455,325

2

COGENT COMMUNICATIONS GROUP, INC., AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE YEARS ENDED DECEMBER 31, 2006 AND DECEMBER 31, 2007
(IN THOUSANDS EXCEPT SHARE AND PER SHARE DATA)

	2006			2007
Service revenue, net	$	149,071		$	185,663
Operating expenses:
Network operations (including $315 and $208 of equity-based compensation expense, respectively, exclusive of amounts shown separately)		80,421			87,756
Selling, general, and administrative (including $10,194 and $10,176 of equity-based compensation expense, and $2,584 and $2,005 of bad debt expense, respectively)		56,787			62,187
Depreciation and amortization		58,414			65,638
Total operating expenses		195,622			215,581
Operating loss		(46,551	)		(29,918	)
Gains— lease obligation restructurings		255			2,110
Gains—disposition of assets		254			95
Interest income and other		2,969			6,914
Interest expense		(10,684	)		(10,226	)
Net loss	$	(53,757	)	$	(31,025	)
Net loss per common share:
Basic and diluted net loss per common share	$	(1.16	)	$	(0.65	)
Weighted-average common shares—basic and diluted		46,343,372			47,800,159

3

COGENT COMMUNICATIONS GROUP, INC., AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE THREE MONTHS ENDED DECEMBER 31, 2006 AND DECEMBER 31, 2007
(UNAUDITED AND IN THOUSANDS EXCEPT SHARE AND PER SHARE DATA)

	2006			2007
Service revenue, net	$	40,515		$	49,965
Operating expenses:
Network operations (including $31 and $65 of equity-based compensation expense, respectively, exclusive of amounts shown separately)		20,371			22,460
Selling, general, and administrative (including $988 and $3,173 of equity-based compensation expense, and $582 and $584 of bad debt expense, respectively)		13,453			17,485
Depreciation and amortization		14,735			16,773
Total operating expenses		48,559			56,718
Operating loss		(8,044	)		(6,753	)
Gains—disposition of assets		254			82
Interest income and other		497			2,139
Interest expense		(2,678	)		(2,474	)
Net loss	$	(9,971	)	$	(7,006	)
Net loss per common share:
Basic and diluted net loss per common share	$	(0.21	)	$	(0.15	)
Weighted-average common shares—basic and diluted		48,510,716			46,885,843

4

COGENT COMMUNICATIONS GROUP, INC., AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEARS ENDED DECEMBER 31, 2006 AND DECEMBER 31, 2007
(UNAUDITED AND IN THOUSANDS)

	2006			2007
Cash flows from operating activities:
Net cash provided by operating activities	$	5,285		$	48,630
Cash flows from investing activities:
Purchases of property and equipment		(21,526	)		(30,389	)
Purchases of intangible assets		(100	)		—
Maturities (purchases) of short term investments		1,203			(732	)
Proceeds from asset sales		945			257
Net cash used in investing activities		(19,478	)		(30,864	)
Cash flows from financing activities:
Proceeds from issuance of senior convertible notes, net		—			195,147
Purchases of common stock		—			(59,949	)
Repayment of convertible subordinated notes		—			(10,187	)
Proceeds from sales of common stock, net		36,479			—
Repayment of capital lease obligations		(9,861	)		(9,812	)
Proceeds from exercises of common stock options		427			1,106
Net cash provided by financing activities		27,045			116,305
Effect of exchange rate changes on cash		(93	)		308
Net increase in cash and cash equivalents		12,759			134,379
Cash and cash equivalents, beginning of year		29,883			42,642
Cash and cash equivalents, end of year	$	42,642		$	177,021

Except for historical information and discussion contained herein, statements contained in this release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to statements identified by words such as “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “targets,” “projects” and similar expressions. The statements in this release are based upon the current beliefs and expectations of Cogent’s management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. Numerous factors could cause or contribute to such differences. Some of the factors and risks associated with our business are discussed in Cogent’s filings with the Securities and Exchange Commission.

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