Cavalier Telephone Selects Mantas for Revenue Assurance; Mid-Atlantic CLEC Installs Fraud Management and Margin Management.

Business Editors/High-Tech Writers

FAIRFAX, Va.--(BUSINESS WIRE)--Jan. 8, 2004

Cavalier Telephone, one of the mid-Atlantic area's fastest growing phone companies, has selected Mantas Inc.'s revenue assurance solution for immediate fraud detection, cost reduction and revenue recovery.

The two-part solution, consisting of Mantas' Fraud Management and Margin Management products, was built upon Mantas' Core Technology Platform. The platform utilizes a single hardware environment that immediately saved Cavalier five times the cost of hardware and 10 times the cost of database licenses, significantly reducing their total cost of ownership.

"We are extremely satisfied with Mantas' revenue assurance solution and expect it to pay for itself by recovering a significant percentage of yearly revenues in addition to the upfront hardware and licensing savings," said Brad Evans, CEO of Cavalier Telephone, LLC. "The system was delivered on schedule and is now an essential component of our operations."

"We are most impressed at the flexibility and sophistication of the solution that minimized the upfront costs yet also enables future growth as Cavalier brings additional customers onto its network. The dedication and support by Mantas has been second to none," said John Haraburda, Project Manager and Manager of Revenue Assurance at Cavalier Telephone, LLC.

Mantas' Fraud Management is a comprehensive, real-time fraud detection, management and deterrence system for service providers. This application will detect and track all types of fraud and has the ability to interface, collect and correlate data from any number of diverse data sources.

Mantas' Margin Management is an automated, real-time billing verification, revenue validation and margin analysis application. The solution detects, quantifies and corrects usage data to discover lost revenue, prevent future revenue leakage and identify potential new revenue opportunities for service providers.

"Identifying, and eliminating telecommunications fraud, overbilling and revenue leakage is a major revenue assurance concern for communications service providers," said Mandy Schuyler, Head of Telecom Product Solutions, Mantas. "With estimated industry-wide revenue losses of up to 5% from fraud, and a further 12% from billing and payment errors, telcos require a solution that will capture potential sources of loss in real-time and be easily adaptable to detect changing fraud schemes and other financial discrepancies."

About Mantas

Mantas provides next-generation analytic applications for the global financial services and telecommunications markets. The company's products are used by global leaders including Citibank, ABN Amro, Merrill Lynch, and Verizon. Headquartered in Fairfax, Va., the company also has offices in Gaithersburg, Md., London, New York, and New Delhi. Major investors are Safeguard Scientifics, Inc. (NYSE:SFE) and SRA International, Inc. (NYSE:SRX). The company can be contacted at 1-866-4- MANTAS (1-866-462-6827) or visit www.mantas.com.

About Cavalier Telephone

Cavalier Telephone is a facilities-based, full-service local telephone company (CLEC) offering the latest in advanced telecommunications products, including advanced telephone features and high-speed Internet access for business and residential customers. Cavalier Telephone currently services over 30,000 business and 100,000 residential customers in Richmond, Hampton Roads, Northern Virginia, Maryland, Philadelphia, Delaware, Southern New Jersey, and the District of Columbia. For additional information regarding Cavalier Telephone, visit the company's website at www.cavtel.com or contact Andy Lobred at [phone].