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Boston Communications Group to Acquire Infotech Solutions.


Business Editors & High Tech Writers

WOBURN, Mass.--(BUSINESS WIRE)--Oct. 11, 2002

Acquisition to Create Tightly Integrated,

Real-time Subscriber Management and Billing Solution for Carriers

Seeking to Deliver Postpaid, Prepaid or Hybrid Services

Boston Communications Group bcgi develops products and services that enable wireless operators to fully realize the potential of their networks. bcgi's Access Management, Billing, Payment and Network Solutions help operators rapidly deploy and manage innovative voice and data services for subscribers. , Inc. (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
: BCGI BCGI Boston Communications Group Inc ), a leader in transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time.

Transaction processing systems are the backbone of an organization because they update constantly.
 solutions for real-time wireless subscriber management and payment services, today announced it has signed a definitive agreement to acquire the assets of Infotech Solutions Corporation, a privately held provider of billing software solutions for the wireless marketplace.

Infotech Solutions will enable bcgi to deliver a suite of solutions to wireless carriers for handling all aspects of postpaid, prepaid and hybrid subscriber management. This will include comprehensive point-of-sale capabilities, inventory management, real-time transaction processing for voice, data and m-Commerce, proactive voice messaging Using voice mail as an alternative to electronic mail, in which voice messages are intentionally recorded, not because the recipient was not available. , Web-based customer care, and payment processing. Whether integrated to existing legacy software or implemented end-to-end, this suite of solutions will empower carriers to attract, retain and maximize high value subscribers while lowering the cost of customer care, payment processing and churn.

"This acquisition will further bcgi's stated mission to provide integrated subscriber management, billing and payment solutions to help wireless carriers compete in this increasingly challenging environment," said E.Y. Snowden, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of bcgi. "Infotech's Voyager Billing and Customer Care solution and bcgi's real-time subscriber management and payment services solutions are extremely complementary and will allow carriers to successfully offer new, compelling services and penetrate new markets. Additionally, Infotech's principal focus on outsourced solutions is consistent with bcgi's recurring revenue model that leverages scale and expertise across our customer base. By combining forces, we will be even better positioned to leverage our services and offer a compelling suite of products for wireless carriers."

Under the terms of the agreement, bcgi will acquire the assets and certain liabilities of Infotech Solutions for cash, plus certain additional payments, contingent on Adj. 1. contingent on - determined by conditions or circumstances that follow; "arms sales contingent on the approval of congress"
contingent upon, dependant on, dependant upon, dependent on, dependent upon, depending on, contingent
 the achievement of specified revenue targets over a three year period. The acquisition has been approved by the board of directors of each company and the closing is expected to occur during the fourth quarter of 2002, subject to various closing conditions.

About Boston Communications Group, Inc.

Boston Communications Group, Inc. (NASDAQ: BCGI), an S&P Small Cap 600 Index company and Russell 2000 Index Russell 2000 Index

An index measuring the performance of the 2,000 smallest companies in the Russell 3000 Index, which is made up of 3,000 of the biggest U.S. stocks. The Russell 2000 serves as a benchmark for small-cap stocks in the United States.
 company, is a leader in transaction processing solutions for real-time wireless subscriber management, payment services, billing and customer care. Through these solutions, bcgi delivers prepaid wireless, ATM recharge, mobile commerce and other payment services. Founded in 1988, bcgi provides solutions to carriers through a combination of industry-leading proprietary software applications, a highly scalable transaction processing platform, and its Intelligent Voice Services Network (IVSN IVSN Initial Voice Switched Network (NATO)
IVSN NATO Initial Voice Switched Network
). Through this nationwide real-time infrastructure, bcgi provides one or more of its services to approximately 70 wireless carriers and resellers, including four of the top six national carriers. bcgi's software, transaction processing platform, and IVSN make up bcgi's Prepaid Wireless service offering, a market leader in one of the highest growth segments of the wireless communications wireless communications

System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data.
 industry. bcgi handles approximately 2.5 billion minutes of service a year. Please visit the bcgi Web site at http://www.bcgi.net.

About Infotech Solutions Corporation

Founded in 1995 by telecommunications veterans, Infotech has developed a flexible, easy-to-use, and cost-effective billing solution for wireless telecommunications carriers. The company's flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , Voyager, includes modules that help companies manage billing, customer care, retail sales and inventory of telephones and telephone services. Many telecommunications firms, including Amica Wireless Phone Service, Bermuda Digital Communications Transmitting text, voice and video in binary form. See communications. , Virginia Cellular, Highland Cellular and Northcoast Communications, use Voyager. Infotech Solutions Corp. is based in Westbrook, Maine Westbrook is a city in Cumberland County, Maine, United States. The population was 16,142 at the 2000 census. Originally part of Falmouth, the settlement once known as Saccarappa was incorporated as Stroudwater in 1814, but soon changed its name to Westbrook, after an early . Additional information about Infotech can be found at http://www.infotechsol.com.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains, in addition to historical information, forward-looking statements that involve risks and uncertainties, including the anticipated benefits of the proposed acquisition and that the closing is expected to occur in the fourth quarter of 2002. Such statements are based on current expectations and are subject to a number of uncertainties and risks that could cause actual results to differ materially from those described in the forward-looking statements. Among the important factors that would cause actual results to differ materially from those indicated by such forward-looking statements are the risk that the closing may not be completed; bcgi and Infotech businesses will not be integrated successfully; unanticipated costs of such integration; uncertainty of future revenue and profitability and potential fluctuations in quarterly operating results; failure of the company to retain and hire key Infotech personnel; failure of the company to manage its growth and the difficulty of successfully managing a larger, more geographically dispersed organization; failure of the company to successfully manage relationships with new and existing customers, suppliers and strategic customers; network outages, network capacity constraints or security breaches; and other risks associated with acquisitions, general global economic conditions, and the risk factors detailed in the Company's Form 10-Q Form 10-Q

See 10-Q.
 for the quarter ended June 30, 2002 and Form 10-K Form 10-K

A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information.


Form 10-K

See 10-K.
 for the year ended December 31, 2001 filed with the Securities and Exchange Commission.
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Publication:Business Wire
Geographic Code:1USA
Date:Oct 11, 2002
Words:830
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