InterQuest Communications is Awarded Preferred Vendor Status by Post Properties for Delivering Broadband Internet Services

Interquest continues to deepen operations in 7 western states

SEATTLE, WASHINGTON. (JUNE 20 , 2002) - InterQuest Communications, a leading provider of broadband Internet services to the multi-family real estate industry, and Post Properties, one of the premier multifamily development and management companies in the US today announced that it has signed a contract awarding Interquest Preferred Vendor status for broadband services in eighteen of their luxury properties located in Dallas, Denver, Phoenix, and Pasadena. The contract comes after a successful six-month trial period in which Interquest was required to demonstrate its ability to deploy and manage a high level of customer care and service in its broadband service offering.

InterQuest has successfully deployed its site-based high-speed Ethernet and DSL services in over 100 multi-family communities in seven western states owned and operated by some of the nation's largest property management firms since September when it acquired assets of several defunct service providers. "We are very pleased with Post's decision to award the contract to Interquest. We knew they were one of the most demanding property management companies in the country and if we could please their management team we were doing things right," stated Glenn Meyer, Interquest CEO. "We look forward to growing our relationship with Post and continuing to work with them in more markets." He added.

"The road is littered with "defunct" multifamily broadband providers. When ours went to dot com heaven a year ago, we had an existing customer base that was unhappy with the quality of service they had previously received, but was hooked on high-speed and wanted us to find an alternative. Interquest stepped in to fill this void, and the service is now reliable, fast and secure," stated Carl Bonner, Vice President MIS at Post Properties.

"We knew from day-one that in order to build this company on the schedule we envisioned, we were going have to differentiate ourselves in three ways; build a technology foundation comprised of a solution superior to cable and CO based DSL, make it as reliable as electric or water utilities, and build a team dedicated and trained to deliver excellent service. If our subscriber take rates and feedback from clients and customers are any indication, we are well on our way to realizing these objectives," stated Doug Woods, Interquest COO.

About Interquest Communications, Inc.
Interquest is a leading provider of broadband Internet services to the real estate industry including both multi-family and commercial office buildings. The company is headquartered in Seattle, Washington and maintains a regional office in Walnut Creek, California.

More information on Interquest and its services can be found at www.interquest.net, or by contacting Interquest headquarters in Seattle, Washington, at 206-574-5460.

About Post Properties, Inc.
Post Properties is a leading developer and operator of upscale apartment communities in the United States, pioneered building and branding resort-style garden apartments for more than 30 years. Post now also focuses on the creation of high-quality, high-density, live-work-walk neighborhoods in infill locations in major urban markets across the country. The company has been recognized locally, nationally and internationally for building better neighborhoods and the preservation of historic buildings. Operating as a self-administered and self-managed equity real estate investment trust (REIT), the company's primary business consists of developing and managing Post(r) brand-name apartment communities.

Interquest Corporate Contact:
Glenn Meyer
Interquest Communications
(206) 574-5480
gmeyer@Interquest.net

Post Properties Contact:
Emily Jarkins, Contract Administrator, Ancillary Services
Post Apartment Management
(404) 846-5698
emily.jarkins@postproperties.com