Fondaction invests two million dollars in Elix

The investment will help Elix to realize its business plan

Montreal, Quebec, October 8th 2002 – Fondaction, the CSN labour-sponsored fund, announces an investment of two million dollars in Elix, expert in turnkey solutions for computer-telephony integration, interactive voice response, speech recognition, customer relationship management, and fax. Fondactions investment will contribute to Elixs business plan realization and will be used to improve workforce, support product and research development, and contribute to the deployment of marketing activities in the North American market.

Founded in May 2000, following the merger of PRIMA and MediaSoft Telecom Inc., two equally prominent leaders in contact center solutions and interactive communication software, Elix has 14 years of experience in the field. Elixs mission is to strive to excel in delivering comprehensive software that eases implementation and management of automated customer interaction applications and empowers organizations to maximize customer lifetime value.

This investment will allow us to accelerate the development of our computer-telephony integration and interactive voice response solutions in the North American market," said François Rodrigue, VP Finance and Chief Financial Officer at Elix. By strengthening our position as leaders in this promising market, Elix ensures a long-lasting and solid development."

FONDACTION is proud to be associated with Elix, a young and dynamic enterprise composed of experienced specialists and inspired leaders who have guided the enterprise through the pursuit of its mission," said Leopold Beaulieu, CEO, FONDACTION.

About Fondaction
Established in 1996, the CSN labour-sponsored fund represents more than 42,500 shareholders, with total assets of over 250 million dollars. So far, Fondaction has invested over 135 million dollars in Québec enterprises, particularly favoring those that are involved in a participative management process, those involved with the social economy (self-directed, cooperatives, etc.), and those more concerned with the environment. www.fondaction.com
About Elix
Elix is a world leader in self-service and agent-assisted touchpoints solutions for contact centers. The company offers a complete suite of products and services for the development of contact center and telecommunications services, including: IVS for the development of interactive services such as telephony, voice, fax, voice recognition, Internet, and text-to-speech; Elix Maestro for the creation of contact center applications using IVR, CTI, speech recognition, fax, and text-to-speech; Impresario, an advanced agent productivity toolbar; Elix Presto, a selective data collection engine; and Elix Libretto, a quality monitoring platform. Elixs mission is supported by Intel Communications Funds, Bell Mobility Investment, Fondaction, and GTI Capital. More information about the company is available at www.elixonline.com.
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Information:

Fondaction
Serge Lareault
Fondaction Communications Coordinator
Phones : (514) 525-4673 • 1 800 253-6665, ext. 4673
Fax : (514) 525-5218
Email : serge.lareault@fondaction.com

Elix
Rita Azrak
Director, Marketing and Communications
Tel.: +1.514.768.1000, ext. 2323
Fax: +1.514.768.7680
rita.azrak@elixonline.com

Agency contact
Michele Fortier
Verrecchia Group Communications
Tel: (514) 935-0166 ext. 150
Fax: (514) 935-0162
michele@vergroup.com