Apogee Networks Establishes Asian Headquarters; Appoints GM For Asian Region.

Business Editors

SADDLE BROOK, N.J.--(BUSINESS WIRE)--Sept. 20, 2000

Apogee Networks, the leading global provider of advanced IP Content, Rating, Billing and Settlement platforms, today announced it has established its Asian regional headquarters in Tokyo, Japan. The company also has offices in major cities throughout the United States as well as a European/Middle East regional headquarters based in London, England.

"Apogee Networks' presence in the Asian region will provide Content Distributors, ASPs, ISPs, Carriers and Enterprise customers with scalable and flexible solutions that fully leverage today's new economy on the Internet," said Apogee Networks' President and COO Tom Goldman.

Apogee Networks offers a complete range of end-to-end IP content and billing solutions. Apogee Networks' customer list includes some of the largest global IP networks, including those of Fidelity, Texaco and CSC. Apogee Networks' NetCountant(TM) product line provides IP Billing and Settlement platforms with unprecedented flexibility, scalability and real-time rating capabilities. As a result, ISP and ASP customers can readily adapt new Business and Revenues models to ensure profitability of Internet related initiatives.

Additionally, Apogee Networks has appointed Nasrollah Zaheri as General Manager of its Asian operations. Mr. Zaheri brings significant business expertise to Apogee Networks' Asian headquarters. Prior to joining Apogee Networks, Mr. Zaheri worked for more than ten years in Japan with several high tech corporations. Most recently, he held several senior positions with Goldman Sachs Asia. At Goldman Sachs, he managed and supervised the design, implementation and planning of several key corporate projects in Asia. Mr. Zaheri is multilingual.

About Apogee Networks

Headquartered in Saddle Brook, New Jersey, Apogee Networks, Inc. is the recognized leader in developing and deploying advanced IP Billing and IP Content Rating/Settlement solutions for IP Content Distributors, ASPs, ISPs, Carriers, Wireless Internet Providers and Enterprise customers. Apogee Networks' NetCountant(TM) product line provides full end-to-end content, revenue settlement and IP billing capabilities. Uniquely, NetCountant Billing provides real-time billing, flexible service creation and high scalability to meet the challenges of rapid customer growth. Apogee Networks' NetCountant Content Collection and NetCountant Settlement platforms provide advanced IP Content aggregation, processing, and revenue settlement capabilities for Content Distributors. NetCountant Accountability provides Global 2000 Enterprise and IP Network customers with the capability to better manage and allocate IP usage thereby realizing significant bandwidth cost savings. NetCountant Performance provides Global IP Networks with advanced measurement and diagnostic capabilities that increase overall network performance. The company's product recently was awarded Networld+Interop's Best-of-Show Award. Apogee Networks is a Charter member of the Internet Protocol Detail Record (IPDR) Association.

Apogee Networks investors include Fidelity Ventures Limited, Granite Ventures (formerly Chase H&Q), Oak Investment Partners, INTEL, BBVA, Net One Systems Co., Ltd., CTC, and several private investors. For additional information about Apogee Networks, please call 1-888-APOGEE3 (276-4333), 1-201-368-8800,or email [e-mail] or visit us at http://www.apogeenetworks.com.