Georgia-based internet solutions company Internap Network Services Corporation has reported revenues of $254 million for the full year 2008, an increase of 8.5% compared to revenues of $ 234.1 for full year 2007.

Fourth quarter of 2008 revenue was $64.2 million, an increase of 4.2% over the same quarter of 2007.

For the full year 2008, GAAP net loss was $104.8 million, or $2.13 per fully diluted share compared with a net loss of $5.6 million or $0.12 per diluted share for full year 2007. Fourth quarter of 2008 GAAP net loss was $0.9 million or $0.02 per share.

At December, 31 2008, cash, cash equivalents, and short-term marketable securities totaled $54.1 million. Total interest-bearing debt was $20 million at year end 2008.