AM-BEO Releases Second Product from New Product Portfolio; Strengthening Its Rules Based Rating Solution for Next Generation Services.

Business Editors/High-Tech Writers

GALWAY, Ireland & DENVER--(BUSINESS WIRE)--April 13, 2004

AM-BEO LTD., a global leader in rating, charging and revenue settlement software, today announced the availability of nRate(TM), the second of three planned product announcements for the 2nd quarter of 2004. With this announcement, AM-BEO has further aligned its technology and delivery capabilities to solve existing and anticipated business problems in a rapidly changing marketplace.

nRate is a highly developed next-generation rules-based rating solution designed to price existing and advanced communication and content services. nRate makes it possible to rate and price complex business transactions, as well as create service bundles, for the expanding range of voice and data services being offered to consumers.

"The nRate product represents the on-going advancement of rating technology. Rating is a strategic part of a service provider's billing process, at the heart of revenue generation," said Elisabeth Rainge, Director OSS and Billing, IDC. "Stand-alone rating such as nRate provides the flexibility to cope with the demands of next generation services and the adaptability to integrate with existing BSS/OSS and billing systems."

While operators are facing a steadily decreasing ARPU from existing products, they are looking to new content services to generate additional revenues. nRate offers a powerful `rules-based' approach that can be economically and quickly deployed. nRate can serve as a complementary technology to an existing billing system, as a stand-alone system, or as a component integrated in a larger ISV solution. Its leading edge architecture simplifies configuration and integration with existing systems.

"nRate's capabilities far exceed the requirements for advanced rules-based rating, as AM-BEO continues to provide leading edge solutions to communications and content service providers for rating and pricing next generation services," stated Mike Murphy, AM-BEO CEO. "The release of nRate further enhances AM-BEO's product portfolio of rating, charging and settlement software."

nRate takes advantage of industry standards and proven technologies such as J2EE and CORBA, to ensure a stable and robust infrastructure, capable of supporting the throughput and scalability required by Tier 1 and Tier 2 carriers. nRate uses the standard operating environments of UNIX and Windows and Oracle database technology.

About AM-BEO, LTD.

Headquartered in Ireland with offices in London, Paris, Madrid and Denver, AM-BEO provides a full suite of software product and service solutions to support communication providers, content owners and aggregators. The suite of solutions provides advanced rating, charging and settlement capabilities for multiple delivery channels including broadband, DBS, wire-line and wireless network providers. Its suite of products for the content industry support both origination and aggregation businesses including mobile games, news, financial data, streaming content, advertising usage valuation, loyalty point programs and advanced settlements between trading partners. AM-BEO provides service operators and content providers with solutions that quickly integrate into their legacy BSS/OSS environments, supporting the roll out of next generation products while extending the functionality and life of their infrastructure investments.