MPE Bank of America Corp. Market Index Target Term Securities (Mitts) Linked TO The S&P 500 Index

ROCHESTER, N.Y., Aug. 16 /PRNewswire-FirstCall/ -- Mpower Holding Corporation (AMEX:MPE), the parent company of Mpower Communications Corp., a leading provider of data and voice services to retail and wholesale business customers, today held its annual meeting of shareholders. At the meeting, Mpower shareholders re-elected Michael E. Cahr and Richard L. Shorten, Jr. to its eight-member Board of Directors. Each will serve a three-year term expiring in 2008. Shareholders also approved a Long-Term Incentive Plan to replace its current stock option plans. About Mpower Holding Corporation Founded in 1996, Mpower Holding Corporation (AMEX:MPE) is the parent company of Mpower Communications, a leading facilities-based broadband communications provider offering a full range of data, telephony, Internet access and network services for retail business and wholesale customers in California, Nevada and Illinois. Further information about the company can be found at http://www.mpowercom.com/. DATASOURCE: Mpower Holding Corporation CONTACT: Investor Contact - Gregg Clevenger, Chief Financial Officer, +1-585-218-6547, ; Media Contact - Michele Sadwick, Vice President, +1-585-218-6542, , both of Mpower Holding Corporation Web site: http://www.mpowercom.com/

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