Robert M. Neumeister, Jr. Joins Covad Board of Directors

"We are honored to have Bob Neumeister serve on our Board ofDirectors and welcome his considerable insight and experience infinance as we continue to focus on growth and profitability," saidCharles Hoffman, president and chief executive officer of Covad.

"I am very pleased to be joining Covad's Board of Directors atthis time," said Neumeister. "The company has demonstrated solidresults and a commitment to maintaining its leadership in thetelecommunications industry and I look forward to helping Covadachieve its goals."

Neumeister is currently Executive Vice President and ChiefFinancial Officer at Linux Networx, a privately-held high-performancecomputer company. Before that he was Executive Vice President andChief Financial Officer at Dex Media, Inc. As one of the topexecutives responsible for spinning off the company from Qwest,Neumeister's leadership enabled Dex Media to achieve $11 billion intotal capitalization from a $1.5 billion cash investment.

Before serving at Dex Media, Neumeister oversaw two start-upcompanies as Chief Financial Officer. Neumeister brings extensivetelecommunications experience to Covad, having held financialleadership positions at Nortel, Sprint PCS, and Intel. Neumeister'smost recent role at Intel was Vice President of Finance, where heprovided the primary financial support for the operating units of thecompany and directed a staff of over 800 employees worldwide.

At Sprint PCS, Neumeister served as Chief Financial Officer andwas responsible for establishing the core organizationalinfrastructure and funding during the start-up phase of the company.At Nortel, where his roles included Vice President and Controller, andVice President of Finance, he managed and coordinated the companies'financial operations both domestically and internationally, includingJapan, Canada, and Latin America. Neumeister is also a Board Memberfor VA Software Corporation in Fremont, CA and Symmetricom Inc. in SanJose, CA.

After receiving a bachelor's degree from Vanderbilt University inNashville, TN, Neumeister earned a master's degree in businessadministration from the Colgate Darden School of Business at theUniversity of Virginia.

About Covad

Covad is a leading nationwide provider of broadband voice and datacommunications. The company offers DSL, Voice over IP, T1, Webhosting, managed security, IP and dial-up, broadband wireless, andbundled voice and data services directly through Covad's network andthrough Internet Service Providers, value-added resellers,telecommunications carriers and affinity groups to small andmedium-sized businesses and home users. Covad broadband services arecurrently available across the nation in 44 states and 235Metropolitan Statistical Areas (MSAs) and can be purchased by morethan 57 million homes and businesses, which represent over 50 percentof all US homes and businesses. Corporate headquarters is located at110 Rio Robles San Jose, CA 95134. Telephone: 1-888-GO-COVAD. WebSite: www.covad.com.