Pannaway Technologies Receives INTERNET TELEPHONY Magazine's "Product-of-the-Year" Award for the Second Straight Year

Industry's First End-to-End Broadband EMS System Allows Rural Telcos to Reduce Installation Complexity and Lower Operating Costs through Automated Management

Portsmouth, NH - January 4, 2006 - Pannaway Technologies, Inc., designers and developers of RUS listed, converged broadband voice, video and data platforms, today announced that Technology Marketing Corporation (TMC)'s INTERNET TELEPHONY magazine (www.itmag.com) has awarded Pannaway's Broadband Access Manager (BAM™) to its prestigious list of 2005 Product-of-the-Year Award recipients. INTERNET TELEPHONY has been the leading VoIP Authority Since 1998TM. BAM™ is a key component of Pannaway's widely deployed Service Convergence Network (SCN™), a managed end-to-end IP packet-based access solution that enables rural Incumbent Local Exchange Carriers (ILEC) and Municipalities (MUNI) to aggressively compete with offerings from satellite, wireless and cable companies for the delivery of tiered Triple Play services.

"We are extremely honored to be recognized by INTERNET TELEPHONY magazine as a 2005 Product-of-the-Year award winner," said Joseph Greenwald, principal software architect for Pannaway. "Our goal with BAM has always been to provide rural telcos with an affordable and easy-to-use element management solution that simplifies and automates many of the labor intensive tasks associated with deploying and maintaining broadband services. This prestigious award in conjunction with our growing BAM™ customer list is evidence that our continued development efforts are making an impact in the telco community."

Using BAM™, rural telcos can leverage a single graphical user interface (GUI) to manage all IP packet-based elements of their broadband network. BAM's span of control ranges from central office (CO) and remote terminal (RT) DSLAMs to customer premise devices and includes automated line qualification; dynamic ADSL2+ service activation and automated maintenance including software revision control via scheduled downloads.

"Each year INTERNET TELEPHONY magazine bestows its Product-of-the-Year awards on companies that have demonstrated excellence in technological advancement and application refinements. Pannaway has demonstrated to the editors of INTERNET TELEPHONY that its products or services are committed to quality and innovation while addressing the real needs in the marketplace," said Rich Tehrani, Group Publisher and Editor-in-Chief of INTERNET TELEPHONY. The Product-of-the-Year Award winners for 2005 will be published in the January 2006 issue of INTERNET TELEPHONY magazine.

About TMC
Celebrating more than 30 years as a leading publisher, Technology Marketing Corporation (TMC) publishes Customer Inter@ction Solutions and INTERNET TELEPHONY magazines, Web portal TMCnet.com, and the online publications SIP™, Speech-World™, VoIP Developer™, WiFI Telephony™, WiMAX™, Alternative Power™ and BiometriTech™. TMC is also the first publisher to test new products in its own on-site laboratories, TMC Labs. TMC produces INTERNET TELEPHONY Conference & EXPO, VoIP Developer Conference™ and Global Call Center Outsourcing Summit™. TMC offers live and online certification programs through TMC University. TMCnet.com publishes more than 14 online newsletters. Visit www.tmcnet.com for details.

About Pannaway Technologies
Pannaway provides telco-grade, converged voice, video and data solutions to telecom service providers and emerging Triple Play services companies. Pannaway's multiaward winning, RUS listed and patent-pending IP technologies enable telecom providers worldwide to deliver profitable broadband services to homes and businesses at a fraction of their historical costs. Pannaway also delivers the industry's first end-to-end telco-grade VoIP solution with integrated Primary Line service for lifeline POTS support. The privately held company is headquartered in Portsmouth, New Hampshire, and has been building solutions and service/support programs to fit the specific needs of rural telcos since 2002.

For more information, please visit www.pannaway.com.