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Not for Distribution to US Newswire Services or for Distribution in the United States.

Q9 Networks Inc. Announces Filing of Preliminary Prospectus for Initial Public Offering of its Common Shares

Toronto, ON - March 11, 2004 - Q9 Networks Inc. announced today that it has filed a preliminary prospectus with the securities regulatory authorities in each of the provinces of Canada, in connection with an initial public offering of its common shares.

CIBC World Markets Inc. and TD Securities Inc. are co-lead managers of the underwriting syndicate. The other members of the syndicate are BMO Nesbitt Burns Inc., GMP Securities Ltd., RBC Dominion Securities Inc. and Scotia Capital Inc.

This press release does not constitute an offer to sell or the solicitation of an offer to buy common shares of Q9 Networks in the United States.

About Q9 Networks
Q9 Networks is a leading Canadian provider of outsourced Internet infrastructure and related managed services. Q9's data centres and network are backed by an industry leading SLA which guarantees 100% network and power availability. Q9 managed services, including: bandwidth, dedicated servers, firewalls, load balancing, virtual private networking (VPN) and back-up/restore, enable the rapid provisioning and scalability of client infrastructure.

For further information, please contact:

Q9 Networks
Kevin Spikes
Director of Corporate Communications
Q9 Networks Inc.
Toronto: 416-365-7211
1-888-696-2266
media.relations@Q9.com



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