Panther Express Names Dennis Morgan Chief Financial Officer

NEW YORK, April 30 /PRNewswire/ -- Panther Express (http://www.pantherexpress.net), a leading global provider of content delivery services, today named Dennis Morgan chief financial officer. Morgan joins Panther from Vibrant Media, the video and contextual advertising network, where he was also CFO.

In addition to his appointment at Panther Express, Morgan was named partner in AlleyCorp, the network of six affiliated Internet companies founded by former DoubleClick CEO, Kevin P. Ryan (http://www.alleycorp.com/execs.jxp), of which Panther is part. Morgan will have full oversight of all finance activities at the CDN as well as the five other companies in the network.

"Both Panther and AlleyCorp quickly developed needs beyond those of typical startups and called for someone with extensive experience in high-growth companies," said Kevin Ryan, AlleyCorp's chairman and CEO. "Dennis' skills aligned perfectly with our directives and we're confident he will ably support our continued expansion."

A senior financial executive with nearly two decades experience in partnership development, mergers & acquisitions, financing, budgeting, forecasting, tax and accounting, Morgan has especially deep expertise in Internet and media companies. At Vibrant, which operates a global network that reaches more than 120 million users, he developed and executed short and long-term fiscal strategies and oversaw all of the company's financial efforts including valuations, capital raises, budget and forecasting and GAAP compliance. Morgan will have similar responsibilities in his new role.

Prior to Vibrant, Morgan spent nearly five years at Yahoo! Inc., working his way from director to vice president of corporate finance. At the search giant, he was responsible for leading the financial aspects of all significant revenue, partnership and spending transactions and implementing global planning processes. He played an integral role in the acquisitions of Inktomi, Overture, Kelkoo and Musicmatch and created global, company-wide standards that significantly increased corporate control.

Morgan began his finance career as a mergers & acquisitions professional at Thomas Weisel Partners LLC and BT Alex. Brown.

Morgan earned an MBA from the University of Virginia's Darden Graduate School of Business Administration and a BA from Dartmouth College.

About Panther Express

Panther Express Corp. is the industry's best value content delivery network (CDN) solution. Founded in 2005 by former DoubleClick CEO, Kevin Ryan and co-founder and former CTO, Dwight Merriman, Panther Express is a high-performance CDN with an innovative low-cost infrastructure that ensures rapid, reliable and scalable performance to gaming, video, e-commerce, Web hosting, news, blogs and Web 2.0 sites worldwide. Privately held and based in New York, Panther Express has more than two years experience in content delivery with over 275 customers using its solutions every day. For additional information, please visit: www.pantherexpress.net.

About AlleyCorp

Headquartered in New York's Silicon Alley, AlleyCorp (http://www.alleycorp.com/) is a network of six affiliated Internet companies founded by Kevin P. Ryan and Dwight Merriman, the former CEO and CTO of DoubleClick, respectively. Current companies in the AlleyCorp network include: Alley Insider (http://www.alleyinsider.com/), an online business news and analysis site that provides news, commentary and discussion on the technology, media and communications industries; Gilt Groupe (http://www.gilt.com/), an invitation-only online community that offers members exclusive access to coveted fashion and luxury lifestyle sample sales, events and brands; Music Nation (http://www.musicnation.com/) an online music community that provides bands and musicians resources to better connect and interact with fans; Panther Express (http://www.pantherexpress.net/), a content delivery network that ensures rapid and reliable content loading performance to Internet site visitors worldwide; ShopWiki (http://www.shopwiki.com/), an international shopping search engine that provides advanced Web crawling technology to help shoppers make more informed buying decisions; and 10gen (http://www.10gen.com/), a new platform designed to help developers quickly and easily build complex and scalable Web applications.

     Contact:
     Michael Berkowitz
     Director of Corporate Communications
     AlleyCorp LLC
     (646) 747-1544
     mberkowitz@alleycorp.com