PSINet Top Figure To be Addressed in Hong Kong

Hong Kong March 12, 2000 - PSINet Hong Kong Limited, a subsidiary of the Internet Super Carrier PSINet Inc., announced that its Vice Chairman and Executive Vice President, Mr. David Kunkel, from the US Headquarters has been invited as the keynote speaker at the Hong Kong Information Infrastructure International Conference on March 16, 2000. This conference, entitled “ A New Era of Opportunities ” , is a highlight of the Hong Kong Information Infrastructure Expo and Mr. Kunkel will address on the topic “ E-commerce in the 21st Century ” .

While the Internet is growing faster than any other communications technology in history, and is becoming an ubiquitous and essential tool for business, its potential in Asia is only beginning to scratch the surface. As the market begins to develop, the demand for services will begin to be dominated by Internet Super Carriers -- a new type of communications company that can both compete and cooperate in a variety of market spaces, and change the way we do business forever. In the conference, Mr. Kunkel will outline the development of these new globe-spanning operations and how they will affect the conduct of business in Asia.

Mr. David Kunkel is vice chairman of PSINet ’ s board of directors and executive vice president of the company. Mr. Kunkel began work in the Internet in 1995, and was counsel to the first large regional network, NYSERNET. He acted as outside counsel to PSINet from its inception in 1989 through 1995, when he joined the company, serving in various capacities including General Counsel. Before joining PSINet in 1995, Mr. Kunkel practiced international corporate law and also specialized in major systems contracts, computer law, licensing and related matters, starting in 1971.

In his private law practice, Mr. Kunkel was a senior partner with the New York-based law firm of Nixon Hargrave Devans & Doyle, (now Nixon Peabody LLP) where he chaired the Technology and Intellectual Property Group and served on the firm ’ s Operations Committee. Prior to joining the law firm, he served as both a line and legal officer of the U.S. Navy from 1968-71.

A native of Rochester, N.Y., Mr. Kunkel received his bachelor ’ s degree with high honors in philosophy from the University of Virginia, and his LL.B from the University of Pennsylvania. He is a member of the American Bar Association and the International Bar Association, and is listed in Who ’ s Who in America and related publications.

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