Pangean Technologies Receives INTERNET TELEPHONY® Magazine's 2006 Product of the Year Award: insta-REACT! Recognized for Outstanding Innovation

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Pangean Technologies (http://www.pangeantech.com), experts in instant communications solutions for the enterprise, government and educational markets, announced today that Technology Marketing Corporation (TMC®)'s INTERNET TELEPHONY magazine (http://www.itmag.com) has named insta-REACT! as a recipient of a 2006 Product of the Year Award. INTERNET TELEPHONY has been the VoIP Authority Since 1998™.

Pangean Technologies (http://www.pangeantech.com), experts in instant communications solutions for the enterprise, government and educational markets, announced today that Technology Marketing Corporation (TMC®)'s INTERNET TELEPHONY magazine (http://www.itmag.com) has named insta-REACT! as a recipient of a 2006 Product of the Year Award. INTERNET TELEPHONY has been the VoIP Authority Since 1998™.

"This is the second time insta-REACT! has won this prestigious award and we are honored to be recognized for excellence and our commitment to innovation," said Tarun Kapoor, Chief Executive Officer at Pangean Technologies. "This solution is currently in use at Mount Olive College, MIT/NASA/DOD, Boeing, Scientific Research/AT&T Government solutions, and many other enterprises and facilities and we are certain our clients will be thrilled to know that they are using a world class technology."

insta-REACT!, Pangean's flagship product, is the first SIP-based product which integrates Presence, Instant Message (IM), Multi-Channel Audio Conference, Push to Talk, Recording and many other features on a single interface, achieving instant enterprise-wide communications among project teams and individuals.

"INTERNET TELEPHONY is proud to bestow Pangean Technologies with a 2006 Product of the Year Award. Each year INTERNET TELEPHONY magazine recognizes companies that have demonstrated excellence in technological advancement and application refinements," said Rich Tehrani, TMC President and Editor-in-Chief of INTERNET TELEPHONY magazine. "Pangean Technologies has proven they are committed to quality and excellence while addressing real needs in the marketplace. We're proud to honor their hard work and accomplishments and look forward to more innovative solutions from them in the future."

About Pangean Technologies

Pangean Technologies develops and markets innovative, SIP-based, VoIP software solutions for internal and campus-wide communications for the enterprise, government and educational markets. These cost-effective, open-system solutions leverage an existing corporate IP network by delivering efficient communications services to each user's desktop or handheld device.

To find out more about Pangean Technologies and its VoIP communications solutions, visit http://www.pangeantech.com or call 1-877-472-6432.

Pangean Technologies™ and insta-RELAY!™ are registered trademarks of Pangean Technologies, LLC.

About INTERNET TELEPHONY® magazine

Since the first issue in February of 1998, INTERNET TELEPHONY is the only magazine that focuses on providing information in IP communications technologies. INTERNET TELEPHONY magazine provides readers with the best information necessary to learn about and purchase the equipment, software and services. INTERNET TELEPHONY offers rich content from solutions-focused editorial content to reviews on products and services from TMC Labs and Miercom. The only BPA-audited publication that's 100% dedicated to providing the highest quality content for the IP communications market, INTERNET TELEPHONY has 55,000 dedicated readers.

About TMC

Technology Marketing Corporation (TMC) publishes four print publications: Customer Interaction Solutions, INTERNET TELEPHONY, SIP Magazine and IMS Magazine. TMCnet, TMC's Web site, is the leading source of news and articles for the communications and technology industries. Ranked in the top 2,600 sites in the world by alexa.com*, TMCnet serves more than one million unique visitors each month. TMC is also the first publisher to test new products in its own on-site laboratories, TMC Labs. In addition, TMC produces INTERNET TELEPHONY Conference & EXPO, The VoIP Developer Conference, VoIP Demo, IMS Expo and Call Center 2.0 Conference. TMCnet.com publishes more than 15 topical online newsletters. For more information about TMC, visit http://www.tmcnet.com. (*alexa.com is an amazon.com company that ranks Web sites by their traffic levels. Neither alexa.com nor amazon.com is affiliated with TMCnet.)

TMC Contact:                             Company Contact:

Jan Pierret                                 Jack Galligan

203-852-6800, ext. 228                         1-877-472-6432

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TARUN KAPOOR
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