FOR IMMEDIATE RELEASE

Miami , Florida -October 27, 2004 : Miami , Florida : Supra Telecom® announced today that Endeavor Capital and H.I.G Capital successfully bid to acquire ownership of Supra Telecom. Endeavor Capital and H.I.G Capital will pay a total of $26.9 million in cash, subordinate debt, and assumed debt for Supra. Supra filed its reorganization plan on October 1, 2004 . The proceeds from this transaction will fund the Supra reorganization plan and expedite its emergence from Chapter 11 in December 2004.

Supra CEO Russ Lambert commented, "This is great news for our customers and all consumers. Our emergence from Chapter 11 and the additional investments planned by the new owner will insure continuity of operations and continued competition in local service telecommunications. The additional investments will also fuel the continued expansion of our network and the development of new products such as value priced broadband. This news is a clear win for our 250,000 customers and for the 1,100 Supra employees."

This transition takes place two years after Supra filed for Chapter 11 protection. After two years of working through the bankruptcy process, Supra has resolved all litigation with BellSouth.

Supra CEO Russ Lambert also commented, "We believe our resolution of the disputes with BellSouth and our emergence from Chapter 11 offer both BellSouth and Supra a new opportunity to operate in an amicable manner"

Supra Telecommunications was advised by investment bankers, The Babcock Group LLC.

Background on Supra Telecom:

Supra Telecom, based in Miami , is the 2 nd largest telecommunications provider in the tri-county area with over one quarter of a million customers and annual revenues of over $152,000,000. Supra provides local, domestic and international long distance, voicemail, and internet service to its business and residential customers. Supra is one of the few competitive local exchange carriers (CLEC) to deploy carrier class network switches to serve its customers. Supra provides nearly half of all competitive access lines in the state of Florida and is estimated to be the largest residential competitor to BellSouth in Florida . Supra clearly plays a pivotal role in providing real competition in telecommunications services in Florida .

Background on Endeavor Capital and H.I.G Capital:

The new owners of Supra Telecom are a consortium of experienced and well funded investors.

Endeavor Capital Management based in Westport, CT is a venture capital and private equity investment firm which seeks to build valuable businesses in partnership with talented management teams.

H.I.G. Capital is a leading private equity and venture capital investment firm with more than $1.5 billion of equity capital under management. Based in Miami , Florida , and with offices in Atlanta , Boston , and San Francisco , H.I.G. specializes in providing capital to small and medium-sized companies with attractive growth potential. H.I.G. invests in management-led buyouts and recapitalizations of well-established, profitable, and well-managed manufacturing or service businesses, and in promising early stage technology companies. Since its founding, H.I.G. has made more than fifty highly successful investments, acquiring companies with combined revenues in excess of $4.0 billion.

Together, Endeavor and H.I.G have committed the capital and their organizations expertise to the acquisition and future growth of Supra Telecom.

FOR FURTHER INFORMATION CONTACT:
Alberto Alfonso
Supra telecom
786-455-4261
aalfonso@stis.com