CostUpdate selects BroadVOX Hosted Communications Services for Full-Featured Hosted PBX Services

BroadVOX enhances the functionality of CostUpdates telecommunications services while dramatically cutting costs

Cleveland, OH, November 27, 2002 -- BroadVOX®, a business unit of BroadVOX, LLC, today announced that CostUpdate has chosen BroadVOXs hosted communications services for international deployment. BroadVOX is a leading service provider dedicated to IP-based voice applications, with facilities in 16 metropolitan markets nationwide. BroadVOX has been offering long distance origination and termination services on its long distance network since March 2002 with profitability reached October 2002. As announced at the Fall 2002 Voice on the Net show (VON), in Atlanta, Georgia BroadVOX has deployed its class 5 softswitch functionality using Sylantro Systems softswitch application servers. The new Sylantro-based services will further extend BroadVOXs market leadership position and provide rich, next-generation, communications tools to BroadVOXs clients.

BroadVOX will leverage Sylantros full suite of high-value voice applications, which support all standard PBX features as well as advanced capabilities such as follow-me" forwarding, personalized call handling, single number reach and feature integration with Internet-enabled mobile phones. BroadVOXs initial deployment of its hosted PBX / IP Centrex services will focus on small to mid-sized customers as well as enterprise branch offices in the New York, Miami and Cleveland metropolitan areas. BroadVOX, currently transporting nearly one hundred million wholesale long distance minutes monthly, plans to extend hosted communications services across its entire national network by Q3 2003.

CostUpdate had a viable business need to reduce operating costs resulting from significant long distance traffic between its Cleveland, Texas, and Russia offices. Additionally, like many businesses CostUpdate was struggling with keeping its remote and mobile sales and support staff in touch with their clients. CostUpdate is a poster child that demonstrates the necessity for advanced communication tools that allow small business to compete in todays boundless markets" said Jeffery Williams, BroadVOX Executive Vice President of marketing and channel development. Upgrading to a new, traditional, phone system would have meant a costly upfront investment, and the same colossal monthly expense that was only growing as our business did. The BroadVOX solutions meant almost no upfront expense and an immediate monthly costs savings that is significant. Additionally my work at home employees and mobile sales staff are always in touch!" stated CostUpdates President and CEO, Vadim Kleyner. He went on to comment I could never imagine going back to the old methods, the gained efficiency in our business is unbelievable and the quality of service is outstanding!"

About CostUpdate
Costupdate is a comparison-shopping search engine optimized for computer and electronics shoppers. Unlike most of the search engines, Costupdate independently verifies and then displays current price of a product along with the specs. Costupdate does not discriminate between vendors -- lowest price is always on the top of the list. Costupdate has distinguished itself from the competition by hiding those relevant matches in which the product price on a vendors web site does not equal to the price submitted by an advertiser. Costupdate is uniquely positioned to assist consumers in computer-related buying decisions. The portal is designed to suit price-conscious buyers who want side-by-side comparisons of product specs, latest prices, tax and shipping info from a variety of middle to smaller tier sellers and stores. Extensive experience in computer e-tailing and marketing allows Costupate to better assist value-oriented computer shoppers." Said Vadim Kleyner, CostUpdate President and CEO. CostUpdate is a pioneer in this service space, currently operating offices in Cleveland OH, Austin TX, and St. Petersburg Russia, it is the most successful company of its kind. For more information visit www.costupdate.com

About BroadVOX Business Solutions:
BroadVOX is the premier provider of hosted PBX and IP Centrex services. The company offers a unique combination of a carrier-class softswitch and advanced packaged applications that give business users new options and flexibility in their communications processes. These award-winning solutions offer end-users sophisticated business communications without the cost and complexity of todays in-house PBX and key systems. Additionally BroadVOX provides local dialtone and long distance services on its own network in 16 markets. BroadVOX is a privately held company backed by its active partners. For more information visit www.Broadvox.net

BroadVOX is a registered trademark of BroadVOX Holdings LLc. All rights reserved. All other products and brands mentioned are trademarks and/or service marks of their respective owners.

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