PEER 1 NetworkEnterprises, Inc. (TSX: PIX), a leading provider of online IT infrastructure, announced today that it intends to host a conference call
on Thursday, September 25, 2008 at 5:30 p.m. E.D.T. to discuss its fourth
quarter and year-end results. The Company intends to disclose its financial
results via news release at 4:00 p.m. E.D.T. on Thursday, September 25,
2008, at which time the Company will also post its Financial Statements and Management's Discussion and Analysis to its website
http://www.peer1.com/investors/.

    Following the formal discussion, President and CEO Fabio Banducci and Executive Vice President and CFO Gary Sherlock will take questions from securities analysts.

    To access the conference call by telephone, dial 416-644-3415 or
800-733-7571. Please connect approximately 15 minutes prior to the
beginning of the call to ensure participation. The conference call will be
archived for replay until Thursday, October 2, 2008, at midnight. To access the archived conference call, dial 416-640-1917 or 877-289-8525 and enter the reservation number: 21282991 followed by the number sign.

    A live audio webcast of the conference call will be available at:

    http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=2405700

    Please connect at least 15 minutes prior to the conference call to
ensure adequate time for any software download that may be required to join the webcast. The webcast will be archived at the above website for 90 days.
   
About PEER 1

    PEER 1 believes in the limitless opportunity of the Internet, and the
business growth potential it provides for its more than 10,000 customers.
As a leading online IT infrastructure provider, PEER 1 offers a reliable
high performance Internet network supporting scalable managed hosting,
dedicated hosting through the ServerBeach brand, and co-location solutions. Backed by its 100 percent uptime guarantee and 24x7x365 FirstCall Support(TM), PEER 1 ensures customers' online presence is always fast, always available. Since 1999, PEER 1 has grown to include 15 data centers in North America and points-of-presence in Europe. The company's headquarters are in Vancouver, Canada and the stock is traded on the TSX under the symbol PIX. For more information visit: http://www.peer1.com.