Hostway Acquires UK-based Iarna.com, Continues Global Expansion

Chicago—April 29, 2002—Hostway Corporation, a Chicago-based provider of Web hosting services and online business tools for small- to medium-sized enterprises, is announcing the acquisition of UK-based Iarna.com. With operations underway in Korea since 2000, Hostway’s global expansion has now reached three continents.

Hostway’s shared hosting plans provide an affordable option for small businesses looking to establish an online presence. As companies grow, Hostway’s Advantage line of managed dedicated servers provide the power and flexibility of a dedicated server without the hassle and expense of systems administration. Hostway, recognized as the value leader in the industry, has developed a strong reputation for its focus on customer service.

Iarna.com is a top-rated provider of shared hosting, rackspace and co-location services with data centers in London and Toronto. TopHosts.com has ranked both Hostway and Iarna.com as Top 5 Hosting Companies in their markets. In addition, Hostway and Iarna.com have both been named to the 100 Most Dynamic Hosting Companies list by HostPulse.com.

"By acquiring Iarna.com, Hostway has taken an important step in our ongoing commitment to customer service continuing effort to be closer to our customers, wherever they may be. This will allow help us meet the specific needs of our customers by being closer to them. At the same time, our customers canto leverage our global resources while helping Hostway serve their specific needs in the comforts of their own local setting. " said Lucas Roh, president, CEO and founder of Hostway. "Like Hostway, Iarna.com is a fast-growing business that understands the value of excellent customer service. Iarna.com brings a talented team, proven experience and solid reputation to Hostway. In combining our forces, we will be able to serve our customers even better than before." Iarna.com’s customers include Volkswagen, Toshiba, Lucent and the London Fire Brigade.

With the acquisition of Iarna.com, Hostway can now deliver the same excellent level of services from Chicago, London and Seoul. Iarna.com, to become known as Hostway UK, will retain its full staff and will benefit from increased capacity and additional research and development investment.

Iarna customers will see immediate improvements in the form of expanded range of products and services. Starting in April, Linux plans will be available to all Iarna customers. The latest version of Hostway’s award winning SiteControl, web-based control panel, SiteControl, will also be available to Iarna customers soon. Customers will be able to control all aspects of their website anytime and anywhere they have access to the Internet. Hostway is committed to delivering the maximum value to its global customer base.