PEER 1 Hosting Signs Multi-Year Colocation Agreement with Capgemini Canada -07/30/2010

Vancouver, BC – July 29, 2010 International hosting provider, PEER 1 Hosting (TSX:PIX), today announced that it has signed a multi-year colocation agreement with Capgemini Canada Inc.(“Capgemini”), a member of the Capgemini Group, a leading global provider of consulting, technology and outsourcing services. Under the agreement, Capgemini is taking approximately one full Performance Optimized Data Centre (POD) of space, in PEER 1 Hosting’s new flagship data centre located in northeast Toronto. The initial term of the agreement is five years and includes options for renewal and to expand the total amount of space utilized. Financial terms of the agreement were not disclosed.

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“Just a few short months since the opening of our new Toronto data centre, we have been able to secure a key anchor client,” said Fabio Banducci, President and CEO of PEER 1 Hosting. “We are proud to work with a company like Capgemini to enhance their own computing power and provide their clients with another solution to their hosting needs.”

“Teaming with PEER 1 Hosting enables Capgemini and its affiliates to effectively deliver our high value services to our expanding client base,” said Kim Lesley, Vice President of Capgemini Canada Inc.  “The relationship between Capgemini Canada and PEER 1 Hosting is a powerful one in the Canadian marketplace and is designed to support a robust, secure, predictable service delivery for clients in a number of different industries.”