Connecticut Technology Council's Directory to Shed Light on Technology Companies Operating in the State; Technology Companies Urged to Participate in Annual Audit.

Business Editors

HARTFORD, Conn.--(BUSINESS WIRE)--May 23, 2002

Connecticut Technology Council, the state's technology business association, today announced the launch of its annual statewide audit of technology companies operating in Connecticut. Qualifying organizations will be included, at no cost, in the Connecticut Technology Council's 2002-2003 Annual Directory of Connecticut Technology Companies.

"The Directory of Connecticut Technology Companies profiles every bona fide technology company doing business in Connecticut," said Louis Hernandez, Jr., Chairman of the Connecticut Technology Council, and Chairman and CEO, Open Solutions Inc. "Connecticut is quickly becoming an important technology center, and the companies profiled in the Directory represent serious businesses that are shaping the expansion of this sector."

"Business executives, reporters, legislators, and planners use the Directory to identify experts, conduct analyses, find new customers, and locate sources of capital," said Michael Theodore, President, Connecticut Technology Council. "We encourage every technology company to participate."

Interesting facts from last year's Directory:

-- Fairfield County has the highest concentration of technology companies in
the state with a 35% share. However, Hartford and New Haven counties each have
a significant 25% share.

-- Hartford County ranks first with respect to concentration of IT workers.

-- Only 12.5% of Connecticut's technology companies are public.

-- 23.5% of Connecticut's technology companies report software/IT as their
primary industry, followed by manufacturing (13.5%), electronics (11.5%) and
telecommunications (7.7%). The remaining 43.8% span 20 different industry
segments.

To be included in the 2002-2003 Directory, companies must complete the form located at the following Web page. Deadline is June 7, 2002.

http://www.ct.org/Membership/Membership_1.asp?Action=INIT&m=new

For more information, or to sponsor the Directory, contact Mike Scricca at [phone] x12.

About Connecticut Technology Council

Founded in 1994, the Connecticut Technology Council is a partnership of Connecticut providers and users of technology committed to growing and diversifying the state's technology base. The Council provides Connecticut's technology businesses with the advocacy and access needed to succeed and thrive, and by doing so, enhances the business climate for technology-based companies and the companies that support them. A statewide business association, the Council currently represents nearly 400 Connecticut-based companies.