Connexn Technologies Finds Telco `Sweet Spot,' Signs Eight New Customers; Company's Proven, Comprehensive Cost and Revenue Assurance Solutions Attract New Customers in North America and Europe.

Business Editors/High-Tech Writers

Billing World 2003, Booth #633

MIAMI BEACH, Fla.--(BUSINESS WIRE)--June 24, 2003

Connexn Technologies, the industry leader in technology-based Cost and Revenue Assurance (CRA) solutions for communications service providers (CSPs), today announced it has signed eight new customers in North America and Europe.

New customers include tier-one wireless service providers in the U.S. and Europe, tier-one European wireline service providers, and medium-sized wireline operators in the U.S. Together, the new customers service more than 50 million subscribers and join a growing list of leading CSPs, including AT&T, Qwest, BT and O2, that have selected Connexn's proven CRA solutions to decrease their operating costs and increase bottom-line revenues. The surge in new customers, in addition to several new projects with existing customers, reflects the growing awareness among CSPs that successful CRA implementations can boost profits and provide a sound foundation for growth as the industry moves into a new phase of development.

"The increased focus by CSPs on improving the operational efficiencies of their businesses by addressing the issue of cost and revenue leakage has led to a sharp increase in interest and activity from both our current customer base and new customers," said Charles Crenshaw, president and CEO for Connexn Technologies. "Our solutions work -- plain and simple. Our methodology, in combination with our highly scalable software platform and domain expertise, delivers measurable and sustainable revenue increases and cost reductions with in-year return on investment."

CRA Solutions that Restore Data Integrity Help Propel Industry Turn-around

As CSPs emerge from one of the industry's toughest economic environments and move into a new generation of highly competitive, integrated wireline and wireless IP-based services, many are focusing more resources on restoring data integrity to the enterprise. In fact, AT&T chairman and chief executive David Dorman recently announced that the company expects to spend nearly $500 million to improve customer satisfaction by shoring up areas like billing accuracy.

"Telecoms don't have the neatly defined operational systems you find in other industries. In a highly complex environment like that, systems can quickly get out of synch and cause major cost and revenue leakage problems," said Dan Baker, research director at Technology Research Institute and author of a recent industry report on telecom CRA trends. "There's a growing market for CRA solutions that diagnose, heal, and monitor cost and revenue leakage problems, and Connexn Technologies is one of the fastest growing practitioners in the industry."

Connexn's holistic Detect, Correct, Ensure(TM) approach to CRA leverages automation and a proven methodology to quickly and cost effectively identify, rectify and prevent the errors in operational and usage data that result in revenue loss and unnecessary costs. Connexn's software can access and analyze data from sources across the enterprise and be applied to a broad range of operational areas, including usage and rating, recurring services and features, network assets and data migration.

About Connexn Technologies

Based in Westminster, Colo., and with offices in the U.K. and Singapore, Connexn Technologies provides communications service providers in the wireline, wireless, Internet, broadband, data and cable markets with the industry's most comprehensive set of cost and revenue assurance solutions. The company's blend of technology and services help increase revenues, decrease costs and improve margins. With more than 70 global customers that include AT&T, Qwest, KPN, Comcast, Citizens, BT and Orange, Connexn Technologies is privately held and backed by leading venture firms. For more information, please visit www.cnnxn.com.