Verado Holdings, Inc. a provider of outsourced managed hosting, professional services and data center solutions for businesses, announced financial results for the quarter ended September 30, 2001. Refer to Verado's September 30, 2001 Form 10-Q filed today for a description of Verado's financial condition. Revenue for the third quarter of 2001 was $3.6 million compared to $3.8 million for the second quarter of 2001. Net loss for the third quarter of 2001 was $114.6 million compared to $49.2 million for the second quarter of 2001. Included in the net loss for the third quarter of 2001 was a $51.5 million, non-cash impairment charge related to the previously announced consolidation of six data centers and a $35.3 million net non-cash impairment charge on its remaining two data centers and corporate assets. As of September 30, 2001 cash and marketable securities was $66.3 million. EBITDA from continuing operations for the third quarter of 2001 was a negative $14.8 million, compared with a negative $16.1 million for the second quarter of 2001.