airlines, pilots and flight
attendants even more.

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IRS Targets Latin American Crews When Flying Over U.S. Airspace According to AITAL

S.S. This is not what allied countries do to each
other.S. In Central
America, it predicts significant pasture expansion into forest in the Maya
Biosphere reserve in Guatemala's northern Peten region, mainly in the Laguna
del Tigre national park.

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S. Causing Severe Environmental Degradation - FAO Model Predicts
Land Use Up to 2010

WASHINGTON and ROME, Expanding livestock production
is one of the main drivers of the destruction of tropical rain forests in
Latin America, which is causing serious environmental degradation in the
region, FAO said today. Predicting the location of land-use change in the tropics
may help decision-makers to better assess the impact of different land-use
scenarios and to develop policies that support conservation," he said.
The remaining board members are affiliated with Morgan Stanley + Co.
The Special Committee will explore recapitalization alternatives
for the Company.gov

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The IRS is expected to go after international airlines in
other countries as it seeks to implement arcane discriminatory
regulations that go against bilateral treaties and other conventions
in place for many years, AITAL said.S.S. budget deficits. Considerable deforestation is also projected in Andean
forest remnants as well as in the secondary forest of Eastern Brazil.
In South America, several parks are also threatened: the Formaciones de
Tepuyes natural monument in eastern Venezuelan Amazon, the Sierra de la
Macarena national park in Colombia and the Cuyabeno reserve in north-eastern
Ecuador.
The Special Committee has retained Lehman Brothers Inc.

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The industry continues to struggle
to recover and the U.5 percent annually.
Incorporated ("Morgan Stanley") or WRH Partners Global Securities L. Securities and Exchange
Commission ("SEC") reporting that the Company had been informed that
pursuant to a bidding procedure , Morgan Stanley and WR Huff (via
participation) had acquired from Nortel Networks Limited ("Nortel ")
all of the debt securities originally issued to Nortel by the Company
or its operating subsidiaries as part of the Company's Chapter 11 plan
of reorganization which was consummated in the first quarter of 2003.

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S. Impsat currently provides
services to nearly 3.com

Statements made in this press release that state Impsat's
intentions, beliefs, expectations, or predictions for the future are
forward-looking statements.

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and subjects them to U. government continues to penalize its industry
and international airlines, including recent proposals to increase
security fees," de Gunten added .
Farming systems that promote the improvement of pastures, the use of
fodder banks and tree planting, offer greater socio-economic benefits,
opportunities for biodiversity conservation and local and global environmental
benefits as they build stable carbon reserves, FAO said. These alternatives may take the form of a repurchase,
refinancing or rescheduling of payment terms of indebtedness of the
Company and/or its operating subsidiaries, a potential capital
infusion, or other types of transactions. is a leading provider of private
telecommunications network and Internet services in Latin America.impsat.

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The Internal Revenue Service has begun
selectively targeting Latin American airlines in seven countries:
Brazil, Chile, Costa Rica, El Salvador, Guatemala, Peru, and Panama ,
and advised that it would be targeting other carriers in the region,
AITAL said. airspace, and from the time they start preparing to
take a return flight home, AITAL said. Any
reciprocal penalties would hurt U. airspace and for how long,
and when they reported for work.

Spatial modelling
FAO projects that by 2010, 62 percent of the deforested area in South
America will be used for pasture (Central America: 69 percent), with the
pressure particularly strong in Ecuador, Guyana and Venezuela (more than 80
percent).

Business Editors

BUENOS AIRES, Argentina----Impsat
Fiber Networks, Inc.

About Impsat:

Impsat Fiber Networks, Inc.

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S. Airlines would be required to research more
than 100,000 individual time sheets over the last decade, try to
figure out when each employee was over U. "The
consequences eventually could affect trade between nations and not add
one cent to the U.
"These actions must stop immediately, for the good of everyone
involved," he said.

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airlines have the majority
share of air service between the U.
After this , Latin American airlines would have to assess taxes on
all different salary levels, including differing levels for each
person, since each employee would have received one or more pay raises
during the last decade. (the "Company"), a leading provider of integrated
broadband data, Internet and voice telecommunications services in
Latin America, announced the formation of a Special Committee of the
Company's Board of Directors (the "Special Committee") constituted by
Mr.

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tax withholding and filing requirements for
salaries earned when they are on their way to the U. Treasury; to the contrary it will decrease those
funds.S. We have operations in
Argentina, Colombia, Brazil, Venezuela, Ecuador, Chile, Peru and the
United States and also provide our services in other countries in
Latin America.

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1% in 2004, compared to 27.

6 percent annually until 2010, in South America forest area
will decrease by 36 million ha or 0.
In north-eastern Nicaragua and central Panama the Mesoamerican Biological
Corridor, the third largest among the world's biodiversity hot spots, may be
under threat.S.

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Business Editors/Aviation Writers/Travel Writers/Transportation
Writers

WASHINGTON----In a press conference
in Washington today, AITAL, the Latin American Airline Association,
deeply criticized the U.S."
"These regulations are being enforced on a selective ,
discriminatory and arbitrary basis in an ill-advised attempt to offset
U.
"The administrative nightmare this imposes on Latin American
airlines is not just unacceptable and unjustified, but it is a
colossal waste of time and resources," said de Gunten.

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"
"Why airlines and why Latin America? If the U.
taxes, fees, security costs, navigation payments and other fees that
fund the U.
For the first time, the UN agency published a map showing the projected
expansion of crop and pasture land use into tropical forests in the region up
to 2010.
"Alternatives to extensive livestock production in Latin America need to
be found urgently. Growing demand for
animal protein is one of the main driving forces behind the expansion of
extensive livestock production. There can be no assurance,
however, that any such transaction will be successfully negotiated or
consummated . Visit us at www.sec.

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airspace on their
way to/from a U.
This targeted attack on Latin American airlines is aimed at pilots
and flight attendants of international airlines flying to the U. The U.S. government also has given no reason why it has only
targeted airlines from Latin America, and not airlines of other
regions of the world. Ricardo Verdaguer (Chairman and Chief Executive Officer ) and Mr.
and its affiliates ("WR Huff"), two of the Company's principal
securityholders. as its
exclusive financial advisor.

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"The IRS has given no reason why airlines alone are being
targeted , and why cruise lines and other modes of transportation are
exempted.S.S. transport industry.
The projected expansion trend may represent a serious threat for certain
tree species, for example large-leaved mahogany in Ecuador, Peru, Bolivia and
Brazil, FAO said.P. We have also deployed fifteen
facilities to provide hosting services. Information concerning factors that could
cause actual results to differ materially from those in the
forward-looking statements is contained in the company 's filings with
the SEC.

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There is no guarantee that records
needed to comply are even kept beyond a reasonable period.

Improve sustainability
FAO recommends countries to adopt agricultural practices that improve
sustainability while increasing productivity, recognizing the need for
countries to pursue increased agricultural production to enhance economic
development as well as food security .
Ignacio Troncoso, acting in their capacity as disinterested directors.
The formation of the Special Committee follows the November 23,
2004 filing by the Company with the U.

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9% for Latin carriers operating to
the U.org, was founded in 1980 as a non-profit
organization and currently members 22 airlines in Latin America.

Impsat Fiber Networks Inc. Announces the Formation of a Special Committee of the Company 's Board Of Directors

It is important to note that the company's
actual results could differ materially from those projected in such
forward-looking statements.

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gateway.
AITAL, http://www.aital.

Protected areas
The FAO model also looks at deforestation in protected areas.

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S.S." The market share for U.S. We
offer integrated data, voice, data center and Internet solutions , with
an emphasis on broadband transmission, including IP/ATM switching,
DWDM, and non-zero dispersion fiber optics. We own and
operate 15 metropolitan area networks in some of the largest cities in
Latin America, including Buenos Aires, Bogota, Caracas, Quito,
Guayaquil, Rio de Janeiro and Sao Paulo .000 national and multinational companies,
financial institutions, governmental agencies, carriers , ISPs and
other service providers throughout the region.

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AITAL member airlines are as equally concerned about the
administrative burden of undertaking these audits as the potential
back taxes themselves. airlines operating to Latin America
was 72. Its
member carriers have total revenue of more than $12 billion, operate
more than 550 aircraft and employ 65,000 workers in Mexico, Costa
Rica, Honduras, Guatemala, El Salvador, Nicaragua, Panama, Colombia,
Venezuela, Peru, Ecuador , Bolivia, Brazil, Argentina, Chile, Paraguay,
Uruguay and in other nations the airlines serve.

Cattle Ranching is Encroaching on Forests in Latin America

We provide
telecommunications, data center and Internet services through our
networks, which consist of owned fiber optic and wireless links ,
teleports, earth stations and leased satellite links. Copies of these filings may be obtained by accessing Impsat's
website (www.

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S. authorities are
targeting Latin American airlines, they should be ready for
significant and swift retaliatory measures by Latin American
governments," said Alex de Gunten, Executive Director of the Latin
American Airline Association (AITAL).4
million ha or 1.

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government for seeking new taxes from Latin
American airlines and their employees that use U.S . and Latin America and pay much
higher salaries to their crew than Latin American carriers. It would be as if international governments decided to tax
reporters' income for the time spent conducting regular assignments
during short visits to other countries," de Gunten said.

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"U.
"Ranching -induced deforestation is one of the main causes of loss of some
unique plant and animal species in the tropical rainforests of Central and
South America as well as carbon release in the atmosphere ," said Henning
Steinfeld, Chief of the FAO Livestock Information, Sector Analysis and Policy
Branch .
FAO estimates that forest cover in Central America will be reduced by 2. In Central America , pasture expansion is expected to affect a
considerable portion of forest cover in Nicaragua and Panama.

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S. from the moment
they enter U.
"Latin American airlines already pay millions of dollars in U.S.

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---

- - kjjkjk

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