Silicon Valley Bank (the "Bank"), a wholly owned subsidiary of Silicon Valley Bancshares, announced its establishment of a financing relationship with Ft. Lauderdale-based Dialtone Internet Inc. Dialtone Internet is a provider of managed Linux-based dedicated hosting and co-location value-added services.

"The Silicon Valley Bank financing relationship adds momentum to the ongoing growth and development of Dialtone Internet," said Alvaro Albarracin, chief executive officer of Dialtone Internet. "This further enables Dialtone Internet to continue developing a robust, scalable infrastructure that provides our customers with high availability services for applications that require the highest possible server performance. Having recently received additional investments from Crossbow Ventures only shows the continued support from the investment community to our business model."

"We are pleased to be associated with an emerging technology company such as Dialtone," said Jeff White, manager of Silicon Valley Bank's West Palm Beach, Florida office. "Al Albarracin has done an excellent job building the business and driving growth. He has a solid team around him, a strong growth rate, a top investor in Crossbow Ventures and positive cash flow. In this market environment, there aren't many companies containing all of these elements."