Terremark Worldwide Inc. (912890) SEC Filing 10-K Annual report for the fiscal year ending Wednesday, March 31, 2010

Exhibit 99.1

FOR IMMEDIATE RELEASE

Company Delivers Another Record Bookings Quarter, Strong Revenue and EBITDA Results

	•		Total revenues for the fiscal year ended March 31, 2010 were $292.3 million, representing a 17% increase over the prior fiscal year; Total revenues for the quarter ended March 31, 2010 were $82.5 million, representing increases of 11% compared to the third quarter of fiscal 2010 and 20% over the previous fiscal year, respectively.
	•		EBITDA, as adjusted, for fiscal year 2010 was $81.0 million, representing a 32% increase over the prior fiscal year; EBITDA, as adjusted, for the fourth quarter was $26.5 million, representing increases of 34% compared to the third quarter of fiscal 2010 and 20% over the previous fiscal year, respectively.
	•		Bookings were a record $45.5 million for the quarter ended March 31, 2010.
	•		Income from operations for the fourth quarter was $12.4 million, representing a 15% year-over-year increase.
	•		56 new customers were added in the fourth quarter, bringing the total number of customers to 1,350.

MIAMI — May 27, 2010 — Terremark Worldwide, Inc. (NASDAQ:TMRK), a leading global provider of managed IT infrastructure services, today reported its results for the quarter and fiscal year ended March 31, 2010.

The company delivered record bookings of $45.5 for the quarter ended March 31, 2010. For fiscal year 2010, Terremark produced total revenues of $292.3 million and EBITDA, as adjusted, of $81.0 million, respectively, in line with previously announced guidance.

“With another very strong quarter and fiscal year, Terremark continues to produce the positive results that reflect the strong demand among federal and enterprise customers for our suite of industry-leading solutions across our global footprint and our proven ability to successfully execute our strategic plan,” said Manuel D. Medina, Chairman and CEO of Terremark. “Our consecutive quarters of record bookings, robust pipeline and strategic expansion create a solid base for fiscal 2011 and a clear path for sustained growth.”