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Neutral Tandem Launches Eight Additional Ethernet Exchange Sites Ahead Of Schedule

Neutral Tandem's initial 14 Ethernet Exchange markets are now available for service. To find out more about Neutral Tandem and its Ethernet Exchange, visit www.neutraltandem.com and follow the company on Twitter @NeutralTandem. Additionally, register to attend Light Reading's Ethernet Expo Summit and join Neutral Tandem and Frost & Sullivan for ' The Evolution of Ethernet Exchanges,' webinar on October 26, 2010 at 11:30am ET.

Cautions Concerning Forward Looking Statements

This press release contains forward-looking statements that involve substantial risks and uncertainties. All statements, other than statements of historical fact, included in this press release regarding Neutral Tandem's strategy, future operations, future financial position, future revenues, projected costs, prospects, plans and objectives of management are forward-looking statements. The words "anticipates," "believes," "expects," "estimates," "projects," "plans," "intends," "may," "will," "would," and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Neutral Tandem may not actually achieve the plans, intentions or expectations disclosed in its forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements Neutral Tandem makes. Factors that might cause such differences include, but are not limited to: risks associated with our ability to successfully develop and market Ethernet interconnection services, including but not limited to integrating successfully our Ethernet services with Tinet's, identifying, obtaining, operating and maintaining attractive network switch sites, equipment and software, cost estimation errors or overruns, interconnection delays, material delays or shortages, our inability to obtain necessary third party rights or permits on a timely basis, if at all, and other factors, including the impact of regulation, many of which are beyond our control and all of which could delay or negatively affect our ability to offer or market this new service; and other important factors included in Neutral Tandem's reports filed with the Securities and Exchange Commission, particularly in the "Risk Factors" section of Neutral Tandem's Annual Report on Form 10-K for the period ended December 31, 2009, Quarterly Report on Form 10-Q for the quarter ended March 31, 2010 and Quarterly Report on Form 10-Q for the quarter ended June 30, 2010, as such Risk Factors may be updated from time to time in subsequent reports. Neutral Tandem does not assume any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

About Neutral Tandem, Inc. Headquartered in Chicago, Neutral Tandem, Inc. provides voice, data and video interconnection services worldwide.  Neutral Tandem recently acquired Tinet, a global carrier exclusively committed to the IP Transit and Ethernet wholesale market.  The acquisition combines Neutral Tandem's interconnection services for wireless, wireline, cable and broadband companies with Tinet's global IP backbone. Collectively, Neutral Tandem provides voice, IP Transit and Ethernet solutions to carriers, service providers, and content management firms worldwide.  With 14 Ethernet Exchanges, the company is now the largest Ethernet Exchange provider in the U.S., a top 10 global IPv4 backbone provider and the number one IPv6 network worldwide.    Please visit Neutral Tandem's website at: www.neutraltandem.com .

The Neutral Tandem, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=3797

For Neutral Tandem media inquiries, please contact Ilissa Miller at Jaymie Scotto & Associates +1.866.695.3629 or pr@jaymiescotto.com.
CONTACT:  Jaymie Scotto & Associates
          Media Contact:
          Ilissa Miller
          1-866-695-3629
          pr@jaymiescotto.com
          Twitter: @NeutralTandem
         
          Neutral Tandem, Inc.
          Investor Contact:
          Jim Polson
          1-866-268-4744

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