Innovative Error Management System from Intec Wins Best New Product Award at Billing & OSS World; Intec CEMS Also a Finalist for Two Awards at Forthcoming World Billing Awards.

ATLANTA & LONDON -- Intec Centralized Error Management System (Intec CEMS) was named "Best New Product" by US-based TeleStrategies as part of the Billing & OSS World 2006 Excellence Awards, which recognize the best vendors in the billing and operations support system (OSS) segment of the telecommunications industry. This new product from Intec, which is already in volume production at a major US carrier, is also shortlisted for two awards at the forthcoming World Billing Awards in London, June 8. Using Intec CEMS, service providers can cut revenue losses by dramatically reducing error volumes, lowering the costs of managing errors, and recovering revenue from unbilled usage and service order errors. Intec is finalist for a third World Billing Award for its mediation solution in the category of "Best Billing Implementation."

Ed Finegold, Billing World & OSS Today editor-in-chief, said, "There were more than 100 submissions for the Excellence Awards this year. Intec CEMS was chosen to win the award for best new product due to its practicality for all types of carriers and its ability to impact and improve the bottom line, particularly for carriers undergoing significant change and consolidation with their large IT environments."

Formally launched at Billing & OSS World 2006, Intec CEMS addresses a common but increasingly costly problem for carriers: errors between the services supplied to or ordered by customers, and what customers are actually billed for. Intec CEMS has been proven in Tier 1 carrier production environments where on average 90% of all incoming errors are applied to case logic or corrected automatically within Intec CEMS without user intervention. Correcting errors automatically allows carriers to avoid the revenue loss associated with errors that go undetected, uncorrected, or allowed to age to uncollectable status.

"Intec CEMS is a great example of Intec's practical approach to the BSS/OSS market," said Intec CEO Kevin Adams. "It brings leading-edge technology to a very real business problem for carriers, helping them eliminate unnecessary losses from unbilled services. Taking a centralized, whole-revenue chain approach to error management is more efficient operationally, more effective in detecting complex systemic errors, and more logical in complex, next-generation BSS/OSS environments."

About Intec

Intec Telecom Systems is a leading supplier of business and operations support systems (BSS/OSS) to over 350 customers across the global telecoms industry. Intec is world market leader in convergent billing systems, inter-carrier billing and mediation. Intec's customer base now includes over 60 per cent of the world's top 100 carriers. Founded in 1997, Intec is listed on the London Stock Exchange (ITL.L) and has over 1,600 staff and 31 offices in 25 countries. For more information, visit the Intec website at www.intecbilling.com.