AIG Telecom Selects Savera InterCarrier to Streamline Online Telecom Trading.

Business Editors/High-Tech Writers

MURRAY HILL, N.J.--(BUSINESS WIRE)--March 14, 2000

AIG Telecom, operator of the AIGT Central Marketplace, the world's premier physical delivery marketplace for international telecom network capacity, has selected InterCarrier(TM) from Savera Systems, a global software company delivering innovative, 100% Web Based(TM) billing solutions to the telecom and IP industries, to provide Central Marketplace participants simple, secure Web access to bids and offers for international network capacity.

InterCarrier(TM) will provide a telecom industry-savvy Web interface to traders using the Central Marketplace, which unites telecom capacity buyers and sellers; manages billing, credit and settlement issues; coordinates payments; and routes calls from buyers to sellers in the fulfillment of contracts. InterCarrier(TM), which will seamlessly interface with AIG Telecom's existing infrastructure, will eliminate the need for AIG Telecom to develop an agreement-centric Web interface for their sophisticated trading system, resulting in much speedier deployment.

"Savera is the leader in web-based interconnect billing and the only developer of 100% Web Based(TM) billing solutions, making them a clear choice to address the needs of our clients, who want to use the Web to buy, sell and manage network agreements securely," said Eric Raab, managing director of AIG Telecom. "Through InterCarrier(TM), we are able to provide our members a world-class, web-based agreement management system designed specifically for the telecom industry and built for the Web. This eliminates the need for our clients to install and maintain proprietary client software in their offices--a time-consuming and costly activity--and allows them to access a system that understands their business perfectly from any Internet-capable computer in the world."

"Savera is proud to be a part of AIG Telecom's bold strategy to create a neutral, liquid market for carriers to trade network capacity," said Dr. Inderpal S. Mumick, CEO of Savera Systems Incorporated. "We believe in their vision for the industry and are thrilled to be able to help them use the power of the Web to maximize the impact of the Central Marketplace."

By adding Savera's InterCarrier(TM) product to the Central Marketplace, AIG Telecom helps to fulfill its mission to revolutionize the way telephone minutes and bandwidth are bought and sold by running an efficient, reliable, and financially stable marketplace. Launched in November 1999, Central Marketplace provides broad connectivity to international buyers and sellers, giving members the widest possible access to network capacity in the wholesale telecommunications market. As a result, members can take swift advantage of favorable prices and other unique opportunities in the telecom marketplace, enabling them to improve cash flow and net income.

InterCarrier(TM) is the first 100% Web Based(TM) interconnect settlement and management solution designed specifically to help service bureaus, telecom and IP carriers, resellers and trading houses maximize revenue in an increasingly complex, deregulated environment.

About Savera

Savera(TM) Systems (www.savera.com) is a high-growth global software company delivering innovative, 100% Web Based(TM) billing solutions to the IP and telecom industries. Savera markets its solutions as hosted applications (via an Application Service Provider or ASP), or as licensed products. Savera also is a founding member of IPDR (Internet Protocol Detail Record), and is the founding sponsor of www.ipintercarrier.org, a portal for interconnect issues and news for IP services and networks. Savera is an Oracle Alliance Partner. Founded in 1997 by telecommunications billing and finance experts from AT&T, Bell Labs and Merrill Lynch, Savera has received funding from the Stenbeck group of companies. The company is headquartered in New Jersey, and has offices in the United States and Europe.