8 March 2006
Samuel Lee Appointed Vice President of Equinix Asia-Pacific
Foster City, CA — March 8, 2006 — Equinix, Inc. (Nasdaq: EQIX), the leading provider of network-neutral data centers and Internet exchange services, today announced that Samuel Lee has been appointed as vice president of Equinix Asia-Pacific. In this capacity, he will oversee all Equinix operations in the Asia-Pacific region, including Internet Business Exchange™ (IBX®) centers in Tokyo, Hong Kong, Singapore and Sydney. He will report directly to Equinix CEO Peter Van Camp.
With more than 15 years of experience in the telecommunications and IT industries in the Asia-Pacific market, most recently as managing director of Equinix Hong Kong and Pihana Pacific Hong Kong, which was acquired by Equinix, Lee has a strong background in executive management. Under his tenure, the Hong Kong IBX became an EBITDA (defined as income or loss from operations before depreciation, amortization, accretion, stock-based compensation expense and restructuring charges) and cash flow positive operation. Lee also successfully led the Equinix Hong Kong team in building a strong position for Equinix in providing business continuity and disaster recovery services for the financial services industry in Hong Kong.
"Samuel has a strong track record of success in managing Equinix's Hong Kong operations, as well as a wealth of management expertise in the telecom and IT industry," said Peter Van Camp, CEO of Equinix. "In his five years with Equinix and Pihana Pacific, Samuel has demonstrated his business leadership in one of our most difficult markets from a pricing and competitive standpoint. I look forward to working closely with Samuel as we continue to grow our operations in the Asia-Pacific market.”
Prior to joining Equinix in 2000, Lee served as managing director of Pacific Gateway Exchange (PGE), a provider of wholesale and retail long distance, Internet, and bandwidth services. In this position, he spearheaded the company's expansion into the Hong Kong market, focusing on carrier services, such as voice wholesale, bilateral relationships, capacity and backhaul sales, and Internet business services, including transit, colocation, and content delivery services.
Prior to PGE, Lee founded Telekom Consulting Limited, a consulting firm offering strategic assistance to network providers in the deregulated telecommunications market in Hong Kong and Asia. Lee also held management positions at Teleglobe International, Intel and Sprint. Lee holds a B.A. from City University of Hong Kong.
Forward Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from expectations discussed in such forward-looking statements. Factors that might cause such differences include, but are not limited to, the challenges of acquiring, operating and constructing IBX centers and developing, deploying and delivering Equinix services; unanticipated costs or difficulties relating to the integration of IXEurope into Equinix; a failure to receive significant revenue from customers in recently built out data centers; failure to complete any financing arrangements contemplated from time to time; competition from existing and new competitors; the ability to generate sufficient cash flow or otherwise obtain funds to repay new or outstanding indebtedness; the loss or decline in business from our key customers; the results of any litigation relating to past stock option grants and practices; and other risks described from time to time in Equinix's filings with the Securities and Exchange Commission. In particular, see Equinix's recent quarterly and annual reports filed with the Securities and Exchange Commission, copies of which are available upon request from Equinix. Equinix does not assume any obligation to update the forward-looking information contained in this press release.
Equinix and IBX are registered trademarks of Equinix, Inc. Internet Business Exchange is a trademark of Equinix, Inc.