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M5 Networks Establishes “VoIP-Lit” Building at 424 West 33rd Street

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Boutique Midtown Manhattan Office Building Strengthens Tenant Offerings
with M5’s Outsourced IP Phone System





New York – M5 Networks, the Northeast’s leading outsourced IP phone system provider, today announced the deployment of its Voice over IP (VoIP) telecommunications infrastructure at 424 West 33rd Street, one of Manhattan’s premier boutique office buildings which provides pre-built, high-end office suites to small businesses. As part of its service offering, M5 supplies the building’s tenants with local and long-distance service, high-speed Internet access, and a complete, business-class IP phone system.



Recognizing that phone system installation is an expensive and time-consuming process for new tenants, Raju Shah, a real estate investor and director with Vectra Management Group, which owns the building, saw M5’s Outsourced IP Phone System as a means to eliminate guesswork for those tenants seeking a new phone system while also differentiating the building from other pre-built office suites.



“The phone system is often one of the biggest costs incurred when tenants move into a new office space,” said Shah. “Fortunately, with M5, there’s no expensive PBX to purchase, no hidden fees, no maintenance bills, and no charges for employee moves and changes. It all adds up to a no-brainer in convincing tenants to choose M5.”



M5 wired the entire 424 building, enabling Shah to resell its services to his tenants. In addition, M5 and IT consulting firm, Dega Systems, handle all customer service and technical support issues involving the phone system and data networks. Each tenant receives a reliable, high-end business phone system, complete with unique phone numbers and voicemail for each end-user, as well as unlimited local, long-distance and Internet access.



“Our comprehensive subtenant package and rebilling tool enable building owners to offer their tenants high-speed voice and data services at competitive rates, while also creating an additional monthly revenue stream,” said M5’s President and CEO, Dan Hoffman. “Building owners and managers that are looking to increase the value and attractiveness of their real estate space by delivering additional services can benefit from our offering which helps them provide current and potential tenants with office suites that include a state-of-the-art phone system.”



424 West 33rd Street
The 13-story property at 424 West 33rd Street is one of Manhattan’s premier boutique office buildings. In response to the growing demand from small business tenants for turn-key build-outs, 424 focuses on providing high-end, pre-built office suites at an attractive price. The 198,000 square foot space is an elegantly restored Class B office building located one and a half blocks west of New York City's Penn Station. For more information, please see www.424w33.com.



About M5 Networks

M5 Networks is the leading outsourced IP phone system provider in the Northeast. By outsourcing to M5 instead of buying another phone system and signing more local and long distance contracts, businesses save valuable time and hard dollars. M5 was founded in 2000 by the same management team that ran Interport Communications, the ISP pioneer for New York businesses. M5 builds on that legacy by continually innovating to improve our outsourced phone system solution, which is delivering measurable ROI to companies in all industries. M5’s core technology partners include Cisco, Verizon, Sun, AboveNet, Sprint, Qwest, Focal Communications and VocalData. M5 has been named to the Pulver 100 list as a Communications Growth Company for four consecutive years (2002-2005) and to FierceVoIP's annual Fierce 15 list in 2005, as well as received Frost & Sullivan's 2004 Entrepreneurial Company Award and the 2004 and 2005 VoIP Service Provider Awards and the 2005 Best SMB VoIP Service Provider Award from INTERNET TELEPHONY Magazine.



PR Contacts:

Chaim Haas

Euro RSCG Magnet for M5

(212) 367-6829

chaim.haas@eurorscg.com