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Digital North Acquires iPares Webhosting Service

MINNEAPOLIS, Minnesota – June 15, 2001 – Digital North Inc. today announced that it has acquired iPares' Webhosting Service. This acquisition provides Digital North with iPares’ entire webhosting datacenter, software, clients, and other intellectual property. Financial terms of this transaction were not released.

"We welcome iPares’ clients into our growing service portfolio," said Michael Sowada, Digital North CEO and co-founder. "With more than 100 clients and growing steadily, Digital North provides outstanding services to customers in the Twin Cities and beyond."

"The acquisition of iPares’ significant hosting assets will enable Digital North to offer new services and technologies to our hosting clients," said Jason Baker, Digital North’s director of operations and co-founder. "We will continue to build and acquire the necessary technologies to meet and exceed our client’s needs."

About Digital North

Digital North provides world-class managed hosting solutions, cost-effective management of ebusiness operations, and exceptional service to companies of all sizes. Digital North managed hosting solutions are fully customized to meet individual client needs. A growing number of companies nationwide, including 3M, Abra Auto Body & Glass, Miracle Ear, and King & Prince Seafood, rely on Digital North to power their websites. A privately held company based in the Twin Cities, Digital North is self-funded and employee-owned. More information about Digital North can be found on the Digital North site at http://www.digitalnorth.net

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