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ATLANTA, May 08, 2008 (BUSINESS WIRE) -- Cbeyond, Inc. (NASDAQ:CBEY), a leading IP-based managed services provider to small businesses, today announced that it intends to vigorously defend the Company and it's Chairman against a class action lawsuit that the Company believes is meritless. The lawsuit, which was filed on May 6, 2008 against the Company and the company's chairman and chief executive officer, James F. Geiger, in the United States District Court for the Northern District of Georgia, alleges that the Company violated certain United States securities laws by understating customer churn between November 1, 2007 and February 21, 2008.
About Cbeyond
Cbeyond, Inc. (NASDAQ:CBEY) is a leading IP-based managed services provider that delivers integrated packages of communications and IT services to more than 36,000 small businesses throughout the United States. Cbeyond offers more than 30 productivity-enhancing applications including local and long-distance voice, broadband Internet, mobile, BlackBerry(R), broadband laptop access, voicemail, email, web hosting, fax-to-email, data backup, file-sharing and virtual private networking. Cbeyond manages these services over a private, 100-percent Voice over Internet Protocol (VoIP) facilities-based network. For more information on Cbeyond, visit www.cbeyond.net.
CBEY-F CBEY-G
SOURCE: Cbeyond, Inc.
Cbeyond, Inc. Kurt Abkemeier, 678-370-2887 Vice President, Finance and Treasurer
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