PEER 1 Hosting to Hold Third Quarter Results Conference Call on Wednesday, May 9, 2012

VANCOUVER, May 2, 2012 /CNW/ - PEER 1 Network Enterprises, Inc. (TSX: PIX), doing business as PEER 1 Hosting, a leading provider of online IT hosting, announced today that it will host its third quarter fiscal 2012 results conference call on Wednesday, May 9 at 5:30 p.m. Eastern Time (ET). Prior to the conference call, PEER 1 will release its financial results over the newswire at approximately 4:00 p.m. ET, at which time the Financial Statements and Management's Discussion and Analysis will also be posted to www.peer1.com/investors.

President and CEO Fabio Banducci and Executive Vice President and CFO Gary Sherlock will discuss PEER 1's financial results for the quarter and then take questions from securities analysts.

To access the conference call by telephone, dial [phone] or 1-888-231-8191.The conference call will be archived for replay until Wednesday, May 16, at midnight. To access the archived conference call, dial [phone] or 1-855-859-2056 and enter the reservation number: 76257835 followed by the number sign.

A live audio webcast of the conference call will be available at:

http://www.newswire.ca/en/webcast/detail/962463/1032231

Please connect at least 10 minutes prior to the conference call to ensure adequate time for any software download that may be required to join the webcast. The webcast will be archived at the above website for 90 days.

About PEER 1 Hosting

PEER 1 Hosting believes in the limitless opportunity of the Internet, and the business growth potential it provides for its more than 10,000 customers. As a global online IT hosting provider, PEER 1 Hosting offers a reliable high performance Internet network supporting scalable managed hosting, dedicated hosting through the ServerBeach brand, and colocation solutions. Backed by its 100 percent uptime guarantee and 24x7x365 FirstCall Support™, PEER 1 Hosting ensures customers' online presence is always fast, always available. Since 1999, PEER 1 Hosting has grown to include 18 state-of-the-art data centres and points-of-presence throughout North America and Europe. The company's headquarters are in Vancouver, Canada, with European operations headquartered in Southampton, UK.  PEER 1 Hosting shares are traded on the TSX under the symbol PIX. For more information visit: www.peer1.com or www.peer1hosting.co.uk.

For media inquiries please contact Marcela Peake at PEER 1, [phone], [email protected];

For investor inquiries please contact David Feick, Equicom Group, [phone], [email protected].