Pannaway Technologies Wins
"Best in NGN Award"

Pannaway's Powerful IP DSLAM Garners Prestigious Award as Industry's First Broadband Access Switch to Deliver Lifeline POTS with Advanced Calling Features

Portsmouth, NH - November 5, 2004 - Pannaway Technologies, Inc., designers and developers of IP-based, converged broadband platforms for telecommunications companies, announced today that its Broadband Access Switch (BAS^TM), an ADSL2+ aggregator, digital loop carrier (DLC), and internetworking switch, was selected by conference attendees as the "Best in NGN Award" winner at the 18th annual Next Generation Networks¨ Conference, the premier industry forum for advanced, highspeed networks. Pannaway beat out innovative product offerings from seven other award finalists including Antara, Chantry Networks and Motorola.

"The Best of NGN Award was designed to recognize new and exceptionally compelling networking products and services," said Fred Knight, BCR VP and GM. "We are proud to present this award to Pannaway for its Broadband Access Switch, which was judged by NGN 2004 attendees to be the most innovative networking product at this year's event."

The BAS is a key component of Pannaway's Service Convergence Network (SCN^TM), a managed end-to-end IP solution that enables Incumbent Local Exchange Carriers (ILEC) to aggressively compete with offerings from cable companies and Competitive Local Exchange Carriers (CLEC) through the delivery of tiered "Triple Play" services. ILECs are now able to provide user control features, full Lifeline POTS support and remote network management capabilities without requiring "forklift" upgrades to their existing networks or cable plants.

Pannaway's BAS is recognized as the industry's most cost-effective DSLAM, DLC and ATM-to-IP gateway replacement. The Pannaway BAS delivers guaranteed voice, video, and data services simultaneously over a single broadband connection, enabling ILECs to competitively offer new revenue generating services to subscribers. The BAS effectively doubles the bandwidth (28Mbps) and eclipses the functionality of traditional access solutions while maintaining its industry-unique status for the delivery of Lifeline POTS with advanced calling features.

Key features of the Pannaway BAS include:

• Advanced calling features via Session Initiation Protocol (SIP)
• VoIP with Lifeline POTS support
• Distributed, open architecture for ADSL2+, IPv6 and SNMPv3
• Advanced IGMP support for broadcast quality video
• Powerful remote management features for easy troubleshooting and provisioning
• Advanced Quality of Service (QoS) and rate limiting for tiered service delivery

"We are extremely honored to be recognized by our peers as the 'Best in NGN Award' winner," said Michael Skubisz, chief technical officer for Pannaway. "Our goal has always been to deliver a true end-to-end IP-based service transport that enables ILECs to offer profitable world-class telephony features, high-speed Internet access, and premium video—all over a single broadband connection. This award recognizes our company's achievement in delivering on the benefits of converged IP networking."

The award competition was open to all NGN 2004 exhibitors who officially launched a new product or service since November 2003. For additional information about the winner and the Best in NGN Award, see http://www.bcr.com/ngn/.

About Pannaway Technologies
Pannaway enables telecommunications companies worldwide to deliver managed broadband services to homes and businesses at a fraction of their historical costs. The privately held company was founded in April 2002 and is headquartered in Portsmouth, N.H. Its founding management team, with more than 90 years of collective experience in the industry, has played a pioneering role in the telecommunications equipment sector. For more information, please visit Pannaway's new website at www.pannaway.com.

About Next Generation Networks
The Next Generation Networks Conference is produced by BCR, a MediaLive International, Inc. company. For more than 30 years, Business Communications Review is the magazine networking and telecom professionals have trusted to provide them with accurate, unbiased analysis of trends in technology, services and management issues. BCR also provides seminars and hands-on training with an extensive curriculum of more than 60 courses in networking and telecommunications, and is also the producer of VoiceCon^(R), the leading conference and exhibition on enterprise voice, IP telephony and convergence.

About MediaLive International, Inc.
MediaLive International works with companies to capture and enhance customer relationships through media properties, software tools and marketing solutions that improve the effectiveness of the company's sales and marketing programs. MediaLive International's media brands encompass the IT industry's largest exhibitions, including NetWorld^(SM)+Interop^(R), as well as highly focused educational programs as Next Generation Networks^(R), VoiceCon, Seybold Seminars^(SM), GTEC, the Web 2.0 Conference and respected publications including Business Communications Review and The Seybold Report. The Wingate Studios division delivers the industry's leading end-toend event management software platform WingateWeb and specialized vendor marketing programs including event strategy and programming, event management, and event analytics that provide proprietary event marketers with audience behavior, demographic and firmagraphic information. MediaLive International is a privately held company headquartered in San Francisco, with offices throughout the world. For more information about MediaLive International, visit www.medialiveinternational.com.