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Jaalam Named Most Promising Start-Up By B.C. Technology Industries Association; Developer of AppareNet Network Intelligence Software Wins for Product, Potential and Team Strengths.

Business Editors/High-Tech Writers

VANCOUVER, British Columbia--(BUSINESS WIRE)--June 16, 2003

Jaalam Technologies has been recognized as the most promising start-up of 2003 at the British Columbia Technology Industries Association (BCTIA)'s annual awards event.

This coveted award honors the early-stage company judged to have the greatest potential based on stringent criteria that include results to date, market size and growth, competitive differentiation, value proposition, revenue model, and strength of business plan and management team. With a growing list of Fortune 500 customers, Jaalam has enjoyed a fast start and wide market acceptance of its award-winning AppareNet software for network performance monitoring.

Glenn Wong, CEO of Jaalam, accepted the award at the annual ceremony on June 11 and thanked the judges for recognizing the company and its software, which is helping companies throughout North America, improve network performance in ways that were never before possible. The company's customer list includes FedEx, Cingular Wireless, DHL Systems, Starbucks, Bank of New York and the U.S. Department of Defense.

"We are flattered to be honored by the BCTIA with this award," he said. "We have built this company and our flagship product, AppareNet, to meet the market opportunities presented by the latest trends in networked information technology. In an age of increasing network dependency, AppareNet is a breakthrough solution for companies looking to use their networks to drive top-line revenue growth and substantially reduce operating expenses."

Wong praised the talent pool in the British Columbia area and the quality of the province's educational institutions as contributing to Jaalam's success.

"We are also pleased to have received early orders and support from Simon Fraser University, the Province of British Columbia, and Electronic Arts Canada," Jaalam said. "Their results provided us with case histories other organizations could quickly understand, helping our business gain momentum and grow market share."

About Jaalam Technologies:

Jaalam Technologies develops and markets patent-pending network intelligence software that can analyze even the most complex global network infrastructures, identify the sources of problems within minutes and then perform continuous monitoring to ensure maximum performance over time. Its AppareNet software has helped companies, government agencies and educational institutions improve network performance and achieve rapid returns on their investments. Jaalam's customers include FedEx, DHL Systems, the United States Department of Defense, Bank of New York, Electronic Arts, Ceridian, Starbucks and CNT. The company has head offices in Seattle and Vancouver, Canada. For more information, visit www.jaalam.com.
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Publication:Business Wire
Date:Jun 16, 2003
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