MIAMI--(BUSINESS WIRE)--June 13, 2006--Terremark Worldwide, Inc. (AMEX:TWW):-- 237 new consumers for...

1. Terremark Worldwide Reports Fourth Quarter And FY 2006
Year End Results
MIAMI--(BUSINESS WIRE)--June 13, 2006--Terremark Worldwide, Inc. (AMEX:TWW):
-- 237 new consumers for your year along with 54 new consumers for that quarter which includes
Club Med, Your school Board regarding Collier County, along with Mercy Hospital;
-- Launched Secure information Solutions Team providing data safety associated offerings
-- Turned EBITDA positive as well as operating cash flow positive for the 4th quarter;
-- increased gross gain margins in order to 39% for your March 2006 quarter
Terremark Worldwide, Inc. (AMEX:TWW) the leading operator associated with integrated Tier-1
Web exchanges along using a global provider associated with managed IT infrastructure remedies
with regard to government and also private sectors, nowadays reported its results for your quarter
and 12 months ended March 31, 2006.
Total revenues for the quarter ended March 31, 2006 had been $ 19.0 million along with $62.5
million for the yr ended March 31, 2006, representing an increase associated with 1% over your
prior quarter as well as an boost associated with 30% more than the actual prior year. Total
revenues throughout the 2005 fiscal 12 months included $11.8 million of non-recurring technology
infrastructure construct outs along with total revenues for the 2006 fiscal yr included approximately
$8.7 million of non-recurring project sort revenue. With Out these on one occasion revenues, the
entire year over 12 months rise in revenues ended up being 54%.
EBITDA, as adjusted for FY 2006 was a positive $554 thousand in contrast for you to a loss of profits
of $8.2 million regarding FY 2005. EBITDA, as adjusted, is actually defined as loss from operations
less depreciation, amortization and stock based compensation. EBITDA, as adjusted, should be
considered in addition to, but not in lieu of, loss coming from operations reported below GAAP.
Revenue and EBITDA results for the quarter ended March 31, 2006 came in down below guidance
primarily as the result of shift in project revenues related to a authorities contract. The Actual
contract is now expected being deployed within the second and also third quarter regarding FY2007.
"This past 12 months marked a really essential time period for us as we achieved significant
customer growth and continued to construct upon our managed services offerings," mentioned
Manuel D. Medina, Chairman as well as CEO. "Our objective is often to leverage the success of 2006
into 2007. We're specifically excited about our opportunity as the marketplace itself is showing
growth and also momentum. New technologies tend to be generating clients for you to locate inside
facilities who have energy along with cooling resources in order to meet the elevated demand. Our
expertise and also achievement positions us in order to capitalize on these industry opportunities."
Data middle expenses had been $11.6 million for that quarter along with $ 38.8 million for the 12
months ended March 31, 2006, constant using the prior quarter plus an boost of 5% for your year.
Gross profit margins, excluding depreciation along with amortization, had been constant with 39%
through the March 31, 2006 quarter versus the particular prior quarter. Similarly, total 12 months
gross revenue margins, excluding depreciation and also amortization, improved in order to 38% for

2. the 2006 fiscal 12 months through 23% throughout fiscal yr 2005.
Total colocation space utilization elevated to be able to 12.1% as of March 31, 2006 coming from
11.8 % as regarding December 31, 2005. Utilization involving built-out colocation area elevated to
always be able to 43.3% as regarding March 31, 2006 coming from 42.3% as of December 31, 2005.
Cross connects billed in order to consumers increased to 4,007 as involving March 31, 2006 via
3,724 the actual prior quarter along with 2,505 per year earlier, representing a growth associated
with 8% as well as 60%, respectively.
During the quarter ended March 31, 2006, Terremark additional 54 new customers, for a total
associated with 488 customers following the year. Terremark booked $16.8 million of new contract
worth through the quarter ended March 31, 2006.
For your quarter ended March 31, 2006, annualized data center solutions revenue for each utilized
square foot had been $1,701 in comparison for you to $1,835 at the finish of the actual previous
quarter along with $1,440 annually earlier. the drop within total income per square foot ended up
being due to become able to a decline in non-recurring project revenue. Regarding the particular
quarter ended March 31, 2006, information middle solutions income churn had been under 1%. The
Business defines churn as annualized data center services revenue lost as a portion of annualized
data middle services income for the many current quarter.
Highlights associated with this season include:
-- New customer contracts contain BroadStar, Shutterfly, IDG Netherlands and also others.
-- over 14 banking as well as finance institutions became consumers i.e. Bank United, First Bank
associated with Miami, U.S. Century, Transatlantic Bank as well as others.
-- Leading Lawyers additionally became clients i.e. Greenberg Traurig, Hunton & Williams and
others.
-- Expansion regarding existing consumer i.e. Facebook, Navega, along with others
-- Hosted first Analysts Day at the NAP in the Americas.
-- Acquired European Managed dedicated Internet Hosting provider - Dedigate
-- Launched Secured Virtual Banking Suite, Secure Info Solutions Team as well as On-Net
Marketplace search tool pertaining to customers
-- join forces together with CareTech solutions to supply management services in order to hospitals
along with healthcare institutions.
-- Hosted Submit Hurricane and also Hurricane Preparedness Seminars
-- Hosted Annual Global Peering Forum
-- Obtained SAS 70 certification

3. -- successfully completed remediation of internal controls related in order to Sarbanes Oxley
compliance
Business Outlook
For the very first quarter ending June 30, 2006, your Business expects revenue for you to range
coming from $21 million in order to $22 million along with EBITDA to range through $1.5 million to
$2.5 million. Regarding the full 2007 fiscal year, the particular Business expects revenues to become
inside the selection of $100 million to become able to $105 million, EBITDA to become able to range
via $18 million to $22 million and richesse expenditures to always be able to range coming from $10
million to always be able to $11 million.
Conference Call
The company will hold a new conference today, June 13, 2006 at 5:00 p.m. ET, to talk about most of
the above. For You To participate around the conference call, please dial 866-831-6162 (domestic) as
well as 617-213-8852 (international) five for you to ten minutes before the call as well as reference
the passcode TWW Call. The simultaneous stay Webcast in the call will be obtainable over the actual
World wide web with http://www.terremark.com, beneath your Investor Relations heading.
A replay of the contact is going to be accessible beginning in Tuesday, June 13, 2006 with 7:00 p.m.
(ET) by dialing 888-286-8010 (domestic) or perhaps 617-801-6888 (international) and offering the
next replay code: 30769880. Within addition, the Webcast will most likely be accessible about the
Company's web site with http://www.terremark.com.
Additional more knowledge about your Company's financial performance as associated with and also
for that year ended March 31, 2006 is found around the attached stability sheet as well as
statements of operations and within the Company's Annual Document about Form 10-K.
About Terremark Worldwide, Inc.

4. Terremark Worldwide, Inc. (AMEX:TWW) can end up being a leading operator regarding integrated
Tier-1 Internet exchanges plus a global provider of managed IT infrastructure remedies regarding
government and also private sectors. Terremark delivers its portfolio regarding solutions through
seven places within the U.S., Europe and also Latin America along with from four support
aggregation along with distribution locations, which aggregate network visitors as well as distribute
network-based services inside Europe and also Asia to fulfill particular customer needs. Terremark's
flagship facility, your NAP with the Americas, is the model for the carrier-neutral Internet exchanges
the company features inside Santa Clara, California (NAP with the Americas/West), within Sao
Paulo, Brazil (NAP do Brasil) and in Madrid, Spain (NAP de las Americas - Madrid). The Actual
carrier-neutral med holidays NAP with the Americas is actually a state-of-the-art facility that will
provides exchange point, colocation and managed services. Terremark will be headquartered with
2601 S. Bayshore Drive, 9th Floor, Miami, Florida USA, 305-856-3200. more information about
Terremark Worldwide are available in http://www.terremark.com.
Statements contained on this press release might constitute "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. Terremark's actual results may
differ materially coming from these set forth inside the forward-looking statements due in order to a
quantity of risks, uncertainties as well as other factors, as discussed within Terremark's filings with
the SEC. These elements include, with out limitation, Terremark's capability to obtain funding
pertaining to its company plans, uncertainty in the demand for Terremark's solutions or products
and Terremark's ability to manage its growth. Terremark will not assume virtually any obligation in
order to update these forward-looking statements.
Non-GAAP financial Measures
Terremark continues to offer almost all details needed relating using typically accepted accounting
rules (GAAP), however it believes which evaluating its ongoing operating results could be difficult if
restricted to reviewing merely GAAP financial measures. Accordingly, Terremark makes use of non-
GAAP economic measures, such as EBITDA, as adjusted. Inside presenting these non-GAAP financial
measures, Terremark excludes particular non-cash things that it believes are not great indicators in
the Company's existing or perhaps future operating performance. These types of non-cash
merchandise is depreciation, amortization and also stock-based compensation.
Terremark offers to calculate the many non-GAAP monetary measures inside long term periods on
the basis steady using its calculation of those measures for the twelve months ended March 31, 2006
and 2005, offered inside this press release.
Terremark Worldwide, Inc.
Consolidated Stability Sheets
March 31, March 31,

5. 2006 2005
------------- -------------
Assets
Present assets
cash and money equivalents $20,401,934 $44,001,144
Limited money 474,073 2,185,321
Accounts receivable, net of
allowance with regard to doubtful accounts 10,951,827 4,388,889
current portion of capital lease
receivable 2,507,029 2,280,000
Prepaid along together with other current assets 1,840,075 942,575
------------- -------------
Total current assets 36,174,938 53,797,929
restricted cash 3,814,842 5,641,531
Property along with equipment, net 129,893,318 123,406,321
Credit Card Debt issuance expenses 6,963,232 8,797,296
Various Other assets 3,414,483 1,182,716
Money lease receivable, net of
present portion 4,004,449 6,080,001
Intangibles 3,680,000 -
Goodwill 16,771,189 9,999,870
------------- -------------
Total assets $204,716,451 $208,905,664
============= =============
Liabilities and Stockholder's Equity
Existing Liabilities

6. Present portion involving credit card debt and money lease
obligations $1,890,108 $6,219,974
Accounts payable as well as accrued expenses 19,122,700 10,067,016
interest payable 3,833,288 2,680,882
Series H redeemable convertible
preferred stock 646,693 -
------------- -------------
Total present liabilities 25,492,789 18,967,872
Mortgage payable, much less existing part 45,795,552 46,034,024
Convertible debt 59,102,452 53,972,558
Derivative embedded inside convertible
debt, in estimated fair worth 24,960,750 20,199,750
Notes payable, much less present part 25,614,140 23,664,142
Deferred rent along using other liabilities 3,267,481 2,817,435
capital leases obligations, less
existing portion 852,311 434,441
Deferred income 5,794,659 1,994,598
Series H redeemable convertible
preferred stock - 616,705
------------- -------------
Total liabilities 190,880,134 168,701,525
------------- -------------
Minority curiosity - 28,090
------------- -------------
Commitments as well as contingencies - -
------------- -------------

7. Stockholders' equity (deficit)
Series I convertible preferred stock 1 1
Widespread stock 44,490 42,587
Typical stock warrants 13,251,660 13,599,704
Widespread stock choices 582,004 1,538,260
Further paid-in richesse 291,607,528 279,063,085
Accumulated deficit (283,823,243) (246,674,069)
Accumulated some other comprehensive loss (317,756) (172,882)
Treasury stock (7,220,637) (7,220,637)
Note receivable (287,730) -
------------- -------------
Total stockholders' equity 13,836,317 40,176,049
------------- -------------
Total liabilities and stockholders' equity $204,716,451 $208,905,664
============= =============
Terremark Worldwide, Inc.
Consolidated Statement of Operations
Pertaining To the actual 3 Months Ended
---------------------------
March 31, December 31,
2006 2005
------------- -------------
Revenue
Data middle - solutions $19,015,338 $18,881,744
Data center - technology infrastructure - -
------------- -------------

8. Total operating revenues 19,015,338 18,881,744
------------- -------------
Expenses
Data middle operations - services excluding
depreciation 11,571,763 11,522,260
General along with administrative 4,652,400 3,288,032
Sales as well as advertising 2,492,072 2,275,843
Depreciation as well as amortization 2,481,771 2,284,781
------------- -------------
Total operating expenses 21,198,006 19,370,916
------------- -------------
Net loss through operations (2,182,668) (489,173)
------------- -------------
Other income (expense)
Change in fair price of derivatives
embedded within convertible credit card debt (13,316,138) (1,422,538)
Interest expense (6,455,498) (6,313,518)
Interest income 381,982 461,192
Other income (expense), net (269,245) (78,447)
------------- -------------
Total some other expense (19,658,899) (7,353,310)
------------- -------------
Loss coming from continuing operations before
earnings taxes (21,841,567) (7,842,483)
Income taxes - -
------------- -------------

9. Net loss (21,841,567) (7,842,483)
Preferred dividend (169,700) (184,700)
------------- -------------
Net loss to end up being able to common shareholders $(22,011,267) $(8,027,183)
============= =============
Net (loss) earnings for each typical share:
Basic $(0.50) $(0.18)
============= =============
Diluted $(0.50) $(0.18)
============= =============
Weighted typical widespread shares outstanding
- basic 42,973,114 43,539,750
Weighted typical widespread shares outstanding
- diluted 42,973,114 43,539,750
Reconciliation associated with Loss via Operations to
EBITDA, as adjusted
Loss coming from operations (2,182,668) (489,173)
Depreciation along with amortization 2,481,771 2,284,781
Stock based compensation 975,644
------------- -------------
EBITDA, as adjusted $1,274,747 $1,795,609
============= =============
Calculation regarding Gross profit Margin
Operating revenues 19,015,338 18,881,744
Less:
Data middle operations - services,

10. excluding depreciation 11,571,763 11,522,260
------------- -------------
Gross Gain $7,443,575 $7,359,483
============= =============
Gross Revenue Margin like a % associated with operating
revenues 39% 39%
Terremark Worldwide, Inc.
Consolidated Statement regarding Operations
Regarding the A Year Ended
-----------------------------------------
March 31, March 31, March 31,
2006 2005 2004
------------- ------------- -------------
Revenue
Data middle - solutions $62,529,282 $34,985,343 $17,034,377
Data center - technology
infrastructure - 11,832,745 -
Construction contracts - 1,329,526 1,179,362
------------- ------------- -------------
Total operating revenues 62,529,282 48,147,614 18,213,739
------------- ------------- -------------
Expenses
Data center operations -
services excluding
depreciation 38,823,880 26,377,861 16,413,021
Data middle - technology

11. infrastructure - 9,711,022 -
Construction contract
expenses, excluding
depreciation - 809,372 918,022
General and also administrative 15,624,516 13,243,073 13,336,400
Sales and marketing 8,548,049 5,402,886 3,424,411
Depreciation along with amortization 8,678,168 5,697,071 4,698,292
Impairement of long-lived
assets and goodwill - 813,073 -
------------- ------------- -------------
Total operating expenses 71,674,613 62,054,358 38,790,146
------------- ------------- -------------
Net loss coming from operations (9,145,331) (13,906,744) (20,576,407)
------------- ------------- -------------
Other earnings (expense)
Change inside fair value of
derivatives embedded within
convertible credit card debt (4,761,000) 15,283,500 -
Gain upon restructuring and
extinguishment, net - 3,420,956 8,475,000
Interest expense (25,048,519) (15,493,610) (14,624,922)
Interest earnings 1,742,609 666,286 131,548
Gain on sale involving a good thing 499,388 - -
Other earnings (expense), net (436,321) 170,260 4,104,204
------------- ------------- -------------
Total some other expense (28,003,843) 4,047,392 (1,914,170)

12. ------------- ------------- -------------
Loss via continuing
operations just before income
taxes (37,149,174) (9,859,352) (22,490,577)
------------- ------------- -------------
Income taxes - - -
Net loss (37,149,174) (9,859,352) (22,490,577)
Preferred dividend (726,889) (915,250) (1,158,244)
------------- ------------- -------------
Net loss to end up being able to common
shareholders $(37,876,063) $(10,774,602) $(23,648,821)
============= ============= =============
Net (loss) earnings for each common
share:
Basic $(0.88) $(0.31) $(0.78)
============= ============= =============
Diluted $(0.88) $(0.40) $(0.78)
============= ============= =============
Weighted typical common
shares outstanding - basic 42,973,114 35,147,503 30,502,819
Weighted typical common
shares outstanding - diluted 42,973,114 40,610,003 30,502,819
Reconciliation regarding Loss from
Operations to EBITDA, as
adjusted

13. Loss coming from operations (9,145,331) (13,906,744) (20,576,407)
Depreciation along with amortization 8,678,168 5,697,071 4,698,292
Stock based compensation 1,020,870
------------- ------------- -------------
EBITDA, as adjusted $553,707 $(8,209,673) $(15,878,115)
============= ============= =============
Calculation of Gross Profit
Margin
Operating revenues 62,529,282 48,147,614 18,213,739
Less:
Data middle operations -
services, excluding
depreciation 38,823,880 26,377,861 16,413,021
Data center - technology
infrastructure 9,711,022 -
Construction contract
expenses - 809,372 918,022
------------- ------------- -------------
Gross profit $23,705,402 $11,249,359 $882,696
============= ============= =============
Gross Revenue Margin as getting a % of
operating revenues 38% 23% 5%