Exhibit 12.1

Terremark Worldwide

Computation of Ratio of Earnings to Fixed Charges

For the periods indicated

																								Pro Forma
			Year Ended March 31,															Nine Months Ended December 31,						Nine Months Ended December 31,				Year Ended March 31,
			2000			2001			2002			2003			2004			2003			2004			2004				2004
Earnings
	Pretax income from continuing operations before minority interests		$	(6,033,232	)	$	(21,373,251	)	$	(57,372,215	)	$	(41,227,305	)	$	(22,490,577	)	$	(17,029,329	)	$	(3,050,554	)	$	(5,411,384	)	$	(28,548,976	)
	Fixed charges			870,101			2,136,348			12,975,450			13,007,683			17,224,922			10,974,845			11,937,826			17,440,759			25,741,519
Less:
	Capitalized interest			(41,038	)		(605,332	)		(891,644	)		—			—			—			—			—			—
		Total earnings	$	(5,204,169	)	$	(19,842,235	)	$	(45,288,409	)	$	(28,219,622	)	$	(5,265,655	)	$	(6,054,484	)	$	8,887,272		$	12,029,375		$	(2,807,457	)
Fixed Charges
	Interest expense		$	804,785		$	1,097,683		$	9,750,473		$	11,007,683		$	14,624,922		$	10,498,899		$	9,387,826		$	16,830,061		$	24,576,236
	Interest capitalized			41,038			605,332			891,644			—			—			—			—			—			—
	Interest included in rental expense (33%)			24,278			433,333			2,333,333			2,000,000			2,600,000			475,946			2,550,000			610,698			1,165,283
		Total fixed charges		870,101			2,136,348			12,975,450			13,007,683			17,224,922			10,974,845			11,937,826			17,440,759			25,741,519
Ratio of earnings to fixed charges				—			—			—			—			—			—			—			—			—
Deficiency of earnings available to cover fixed charges			$	6,074,270		$	21,978,583		$	58,263,859		$	41,227,305		$	22,490,577		$	17,029,329		$	3,050,554		$	5,411,384		$	28,548,976

Note: The Ratio of Earnings to Fixed Charges should be read in conjunction with the Consolidated Financial Statements and Management’s Discussion and Analysis of Financial Condition and Results of Operations elsewhere in this Registration Statement.