Pannaway Technologies Named to Service Provider Weekly's Top 50 Vendors

Company Chosen for its Innovative All-IP Broadband Solutions

Portsmouth, NH - December 19, 2007 - Pannaway Technologies, Inc., designers and developers of converged IP broadband access platforms for telecommunications companies, announced today that it has been selected as one of Service Provider Weekly's Top 50 Vendors for 2007. Service Provider Weekly's Top 50 Vendors list recognizes the top manufacturers of products or services aimed at the service provider marketplace. Service Provider Weekly chose Pannaway due to the company's continued innovation in providing carrier-grade, all-IP broadband systems that uniquely enable migration from disparate legacy to all IP, deep fiber networks for Independent Operating Carriers (IOCs) across North America.

Service Provider Weekly's editorial staff received nominations from their reader base, and chose the 50 best solutions to meet the current challenges of service providers - offering more services and more value to subscribers while increasing profits. The list is published in the December 17, 2007 issue of Service Provider Weekly.

Pannaway's all-IP Service Convergence Network (SCN™) solution is a winning nomination because it seamlessly combines the industry's most scaleable, all-IP Multi-Service Access Platform (MSAP) - consisting of the Multi Media Aggregation Node (MAGNM-20); the Inteleflex Broadband Loop Carrier (BLC), which provides key migration flexibility; the Broadband Access Switch (BAS), and the comprehensive management platform Broadband Access Manager (BAM). Together, these multi award-winning products deliver the most flexible integrated access and transport solution for high performance fiber and copper broadband solutions available.

"We are honored to be recognized as a Service Provider Weekly, Top 50 Vendor for our SCN system," said Mark Carpenter, president of Pannaway. "From Pannaway's inception, we have been 100% committed to the independent operating carrier community with the single focus of helping them transform their businesses into multi-service offerings that are operationally simple. As ever increasing, ultra-broadband service demands drive these networks toward all IP and Fiber to the Home, Pannaway is providing solutions that enable telcos to smoothly migrate their networks at will."

About Pannaway Technologies
Pannaway delivers customer-proven broadband access and transport solutions that enable telecommunications service providers to offer new advanced services to their subscribers. Based on industry-standard IP (Internet Protocol) technologies, Pannaway's Service Convergence Network (SCN™) architecture allows service providers to increase revenue and compete more effectively through the delivery of converged services. The privately held company, headquartered in Portsmouth, New Hampshire has been building pioneering IP broadband solutions since 2002.

For more information, please visit www.pannaway.com