DuPont Fabros Technology, Inc. Announces Election of Directors

Ratifies Independent Accounting Firm Appointment Declares Second Quarter 2008 Dividend

WASHINGTON, May 20 /PRNewswire-FirstCall/ -- DuPont Fabros Technology, Inc. (NYSE:DFT), a real estate investment trust (REIT) that builds, owns and operates wholesale data centers, today announced that stockholders elected seven directors to the Company's Board of Directors at its May 20, 2008 Annual Meeting of Stockholders in Washington, DC. Stockholders voted to elect each of the following director nominees to a one-year term: Lammot J. du Pont, Hossein Fateh, Mark Amin, Michael A. Coke, Thomas D. Eckert, Frederic V. Malek and John H. Toole. Stockholders also ratified the appointment of Ernst & Young LLP as the Company's independent registered accounting firm for the 2008 fiscal year.

The Company's Board of Directors has also declared a cash dividend of $0.1875 per share on the Company's common stock for the second quarter 2008. The dividend is payable on July 11, 2008 to shareholders of record as of June 27, 2008.

About DuPont Fabros Technology, Inc.

DuPont Fabros Technology, Inc. (NYSE:DFT) is a real estate investment trust (REIT) and leading owner, developer, operator and manager of wholesale data centers. The Company's data centers are highly specialized, secure facilities used primarily by national and international technology companies to house, power and cool the computer servers that support many of their most critical business processes. DuPont Fabros Technology is headquartered in Washington, DC. For more information please visit http://www.dft.com/.

Forward-Looking Statement

Certain statements contained in this press release may be deemed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The matters described in these forward-looking statements describe expectations regarding future events, results and trends and are subject to known and unknown risks, uncertainties and other unpredictable factors, many of which are beyond the Company's control. The Company faces many risks that could cause its actual performance to differ materially from the results predicted by its forward-looking statements, including, without limitation, the risk that the Company may be unable to obtain financing on favorable terms, the risks commonly associated with construction and development of new facilities, risks relating to compliance with permitting, zoning, land-use and environmental requirements, the risk related to leasing space to tenants in our data centers, the risk that the Company may be unable to acquire additional properties on favorable terms or at all, and the risk that the Company may not be able to maintain its qualification as a REIT for federal tax purposes. The periodic reports that the Company files with the Securities and Exchange Commission, as well as the annual report on Form 10-K for the year ended December 31, 2007, contain detailed descriptions of these and many other risks to which the Company is subject. Because of those risks, the Company's actual results, performance or achievements may differ materially from the results, performance or achievements contemplated by its forward-looking statements. The information set forth in this news release represents management's current expectations and intentions. The Company assumes no responsibility to issue updates to the forward-looking matters discussed in this press release.

First Call Analyst:
FCMN Contact:


Source: DuPont Fabros Technology, Inc.

CONTACT: Victoria Baker of Financial Relations Board, +1-703-796-1798,
for DuPont Fabros Technology, Inc.

Web site: http://www.dft.com/


2008-05-20 18:41:07 0367177 PRNEWSWIRE

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