Exhibit 99.1 RISK FACTORS In connection with the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995, set forth below are
cautionary statements identifying important factors that could cause actual
events or results to differ materially from any forward-looking
statements made by or on behalf of us, whether oral or written. We wish to
ensure that any forward-looking statements are accompanied by meaningful
cautionary statements. Accordingly, any such statements are qualified in their
entirety by reference to, and are accompanied by, the following important
factors that could cause actual events or results to differ materially from our
forward-looking statements. Additional risk factors relating to our
business are identified in our Annual Report on Form 10-K and our
other filings with the Securities and Exchange Commission. If we do not enter into a new transaction for the
sale of the businesses and short term financing, we will not be able to avoid
insolvency proceedings Claranet has delivered a notice of termination of the
Amended Asset Sale and the Amended Facility Agreement. We will require new
financing to be able to continue our operations as a going concern. We
currently are engaged in discussions with other parties regarding an
alternative transaction to sell VIAs businesses and to provide financing of
the operations pending the completion of such a transaction. If we are not able
to consummate a transaction within the next several weeks, we may find it
difficult to avoid insolvency proceedings. We are continuing to incur substantial losses and
reductions in cash. We have incurred substantial losses for the year ended
December 31, 2004 and the three and six months ended June 30, 2005,
and our cash position has continued to deteriorate. We are meeting our needs
for operating cash with proceeds from a recent sale of a Swiss subsidiary, use
of the deposit provided by the Purchaser in connection with the original letter
of intent, and we will begin to draw upon the working capital facility provided
by the Purchaser. If we continue to operate our business, we will continue to
incur claims, liabilities and expenses from operations (such as operating
costs, salaries, lease payments, insurance, payroll and local taxes, legal and
accounting fees and miscellaneous office expenses). We would also continue to
face competition within the industry from well-established national, regional
and independent competitors with greater financial and other resources than us.
In addition, perception of our financial condition adversely affects our
business. We cannot assure that we will not continue to incur substantial
losses if we continue to conduct our operations. We rely on telecommunications providers in our
markets to provide our customers with reliable access to our services, and
failures or delays in providing access could limit our ability to service our
customers and impact our revenues and operating results Our customers typically access our services either
through their normal telephone lines or dedicated lines provided by local
telecommunications providers specifically for the purposes of accessing and
utilizing the Internet. Our customers are usually required to maintain their
telephone line to utilize certain of our resold voice services or must have a
pre-existing voice service prior to switching to our voice service, depending
on the resold voice service we offer. In some of our markets, we experience
delays in delivery of new telephone or dedicated lines that prevent our
customers from utilizing our services. These delays result in lost revenues.
Additionally, some local telecommunications providers that provide Internet
services provide delivery of telephone or dedicated lines to their own Internet
customers on a preferential basis, which may cause us to lose current and
potential customers. We also lease network capacity and VPNs from
telecommunications providers and rely on the quality and availability of their
service. These companies may experience disruptions of service, which could
disrupt our services to, or limit Internet access for, our customers. We may
not be able to replace or supplement these services on a timely basis or in a
cost-effective manner, which may result in customer dissatisfaction and lost
revenues. In addition, to the extent that alternative local access providers
fail in any particular market, the incumbent    telecommunications
providers will experience less competitive price pressure for access, which
could increase our cost structures and impair our profit margins. We depend on the reliability of our network and
systems, and a failure or a breach of our security measures could result in a
loss of customers and reduced revenues We are able to deliver services only to the extent
that our network and systems are protected against damages from technical,
network or system failures, computer viruses, natural disasters and
unauthorized access or intentional acts or omissions caused by third parties.
Any failure, accident or security breach that causes interruptions in our
operations could impair our ability to provide services to our customers and
negatively impact our revenues and results of operations. To the extent that
any disruption or security breach results in a loss or damage to our customers
data or applications, or inappropriate disclosure of confidential information,
we may incur liability as a result. In addition, we may incur additional costs
to remedy the damages caused by these disruptions or security breaches.
Although we currently possess errors and omissions insurance and business
interruption insurance, these policies may not provide effective coverage upon
the occurrence of a material event or a combination of events.


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