Inteliquent(R) Increases 2013 Financial Estimates

Inteliquent(R) Increases 2013 Financial Estimates

CHICAGO, July 15, 2013 (GLOBE NEWSWIRE) -- Inteliquent, Inc. (Nasdaq:IQNT), a
leading provider of voice services, today announced that it is revising its
2013 financial estimates as follows:

                    Revised Estimates
Revenue              $215—$225million
Adjusted EBITDA*     $57—$62 million
Capital Expenditures $12—$16 million

The financial estimates include the results for Inteliquent's global data
business prior to its divestiture on April 30, 2013.

*Adjusted EBITDA (a non-GAAP financial measure). See "Use of Non-GAAP
Financial Measures" below for a discussion of the presentation of Adjusted
EBITDA and reconciliation to net income.

Cautions Concerning Forward-Looking Statements

This press release contains "forward-looking statements" that involve
substantial risks and uncertainties. All statements, other than statements of
historical fact, included in this press release are forward-looking
statements. The words "anticipates," "believes," "efforts," "expects,"
"estimates," "projects," "proposed," "plans," "intends," "may," "will,"
"would," and similar expressions are intended to identify forward-looking
statements, although not all forward-looking statements contain these
identifying words. Actual results or events could differ materially from the
plans, intentions and expectations disclosed in the forward-looking statements
we make. Factors that might cause such differences include, but are not
limited to: the effects of competition, including direct connects, and
downward pricing pressure resulting from such competition; risks associated
with the sale of our data business, including issues regarding separating our
network, IT and billing systems from the network and systems sold to the
buyer, and that the cost savings and other benefits we hope to receive may not
materialize in part or at all; our ability to maintain relationships with
business providers following the sale of the data business; our regular review
of strategic alternatives; the impact of current and future regulation,
including intercarrier compensation reform enacted by the Federal
Communications Commission; the risks associated with our ability to
successfully develop and market new services, many of which are beyond our
control and all of which could delay or negatively affect our ability to offer
or market new services; technological developments; the ability to obtain and
protect intellectual property rights; the impact of current or future
litigation; the potential impact of any future acquisitions, mergers or
divestitures; natural or man-made disasters; the ability to attract, develop
and retain executives and other qualified employees; changes in general
economic or market conditions; and other important factors included in our
reports filed with the Securities and Exchange Commission, particularly in the
"Risk Factors" section in our Annual Report on Form 10-K for the period ended
December31, 2012, as such Risk Factors may be updated from time to time in
subsequent reports. Furthermore, such forward-looking statements speak only as
of the date of this press release. We undertake no obligation to update any
forward-looking statements to reflect events or circumstances after the date
of such statements.

About Inteliquent

Headquartered in Chicago, Inteliquent is a leading provider of wholesale voice
services for carriers and service providers. Inteliquent is used by nearly all
national and regional wireless carriers, cable companies and CLECs in the
markets it serves, and its network carries approximately ten billion minutes
of traffic per month. Please visit Inteliquent's website at
www.inteliquent.comand follow us on Twitter@Inteliquent.

Use of Non-GAAP Financial Measures

In this press release we disclose "Adjusted EBITDA", which is a non-GAAP
financial measure. For purposes of SEC rules, a non-GAAP financial measure is
a numerical measure of a company's performance, financial position, or cash
flows that either excludes or includes amounts that are not normally excluded
or included in the most directly comparable measure, calculated and prepared
in accordance with generally accepted accounting principles in the United
Sates (GAAP).EBITDA is defined as net income before (a)interest expense, net
(b)income tax expense and (c)depreciation and amortization. Adjusted EBITDA
is defined as EBITDA as further adjusted to eliminate non-cash share-based
compensation and any gain on sale on the divestiture of the Company's
globaldata business. We believe that the presentation of Adjusted EBITDA
included in this press release provides useful information to investors
regarding our results of operations because it assists in analyzing and
benchmarking the performance and value of our business. We believe that
presenting Adjusted EBITDA facilitates company-to-company operating
performance comparisons of companies within the same or similar industries by
backing out differences caused by variations in capital structure, taxation
and depreciation of facilities and equipment (affecting relative depreciation
expense), which may vary for different companies for reasons unrelated to
operating performance. These measures provide an assessment of controllable
operating expenses and afford management the ability to make decisions which
are expected to facilitate meeting current financial goals as well as achieve
optimal financial performance. They provide an indicator for management to
determine if adjustments to current spending decisions are needed.
Furthermore, we believe that the presentation of Adjusted EBITDA has economic
substance because it provides important insight into our profitability trends,
as a component of net income, and allows management and investors to analyze
operating results with and without the impact of depreciation and
amortization, interest and income tax expense, non-cash share-based
compensation and any gain on sale on the divestiture of the Company's
globaldata business. Accordingly, these metrics measure our financial
performance based on operational factors that management can impact in the
short-term, namely the operational cost structure and expenses of our
business. In addition, we believe Adjusted EBITDA is used by securities
analysts, investors and other interested parties in evaluating companies, many
of which present an EBITDA measure when reporting their results. Although we
use Adjusted EBITDA as a financial measure to assess the performance of our
business, the use of Adjusted EBITDA is limited because it does not include
certain material costs, such as depreciation, amortization and interest and
taxes, necessary to operate our business. We disclose the reconciliation
between EBITDA and Adjusted EBITDA and net income below to compensate for this
limitation. While we use net income as a significant measure of profitability,
we also believe that Adjusted EBITDA, when presented along with net income,
provides balanced disclosure which, for the reasons set forth above, is useful
to investors in evaluating our operating performance and profitability.
Adjusted EBITDA included in this press release should be considered in
addition to, and not as a substitute for, net income as calculated in
accordance with generally accepted accounting principles as a measure of
performance.

INTELIQUENT, INC. AND SUBSIDIARIES
Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures
(Unaudited)
(Dollars in thousands)

The following is a reconciliation of net income to EBITDA and Adjusted EBITDA:

                                                   2013*
Net income                                          $22,210
                                                    
Interest income                                     (10)
Provision for income taxes                          13,600
Depreciation and amortization                       16,200
                                                   
EBITDA                                              $52,000
Non-cash share-based compensation                   7,500
                                                   
Adjusted EBITDA                                     $59,500

*The amounts expressed in this column are based on current estimates as of the
date of this press release. This reconciliation is based on the midpoint of
the full year 2013 estimated range announced in this press release. The
financial estimates include results from the global data services business for
the first four months of 2013 only.

CONTACT: Investor Contact:
         Inteliquent
         Darren Burgener
         (312) 380-4548

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