Farmingdale, NY, October 14, 2003

The company unveils a state of the art communications system enabling IP-based telephony and voice capabilities with an integrated array of technologies

Telrad Connegy (www.telradconnegy.com), which develops and supplies the "UNITe" and "UNITe IP" enterprise telecommunications systems, announced that it will unveil in mid-October, a new family of IP-based products that will offer two solutions to cover the entire array of communications configurations, technologies and requirements of modern enterprises.

The new family of "UNITe IP" products comprise two IP stations: the revolutionary i.Picasso designed for top-tier management and the innovative Avanti 3015ip designed for use by mainstream telecommunications operators, enabling IP connection with full access to all the system's expansive range of telephony features and applications. The company's products are divided into two categories: Pure IP and Converge. These are unique due to their IP interface and integrative voicemail function. And will give businesses with multiple locations the ability to easily centralize remote telecommunication functions over any IP network. Telrad Connegy's new family of products constitute a unique solution that will enable end users to use their telephones as platforms operating on standard portals that power a wide array of technology applications in accordance with their individual needs.

Telrad Connegy offers a full IP solution with the I Series Server for systems up to 96 IP extensions, and a converged solution with the C Series server for existing legacy systems or for systems with up to 1000 ports. All locations of the UNITe IP system operate seamlessly as if they were all in one location whether it be through a LAN,. WAN, or a combination thereof.

The UNITe IP includes the office computer network. The combination of computer network and the "UNITe IP"'s Integrative Voice mail function can offer a number of advantages such as improved quality of sound, and savings in costs and office space by integrating desktop PC and telephony applications.

Israel Ronn, CEO at Telrad Connegy said: "We are very pleased that we have managed to integrate a smart, state of the art solution into our TDM systems. The new technology will enable existing customers with UNITe systems to benefit from IP based applications by enabling a migration to pure IP systems. It will also give us the opportunity to offer pure IP solutions to new customers." He added: "full integration of conventional telephony and IP technologies enable the "UNITe IP" family to enjoy the best of both worlds. Using the most advanced networking protocols, this mix of systems can be the perfect fit for diverse network configurations, utilizing local resources and sharing system capabilities, while making the organization's reoccurring telecommunications more cost-efficient."

Telrad Connegy operates in the United States, Eastern and Western Europe, Africa, Far East, and Israel. The company recently announced the successful conclusion of a number of deals, among them, the sale of communications systems to the Russian Space agency and the Kenyan Ministry of Defense.

About Telrad Connegy
Telrad Connegy is a U.S.-based telecommunications corporation with a business history extending more than 50 years. Telrad Connegy is a key provider of enterprise converged telephony and applications platforms in the United States, Europe, Africa, Asia and Israel offering comprehensive communications solutions for businesses of all sizes. Telrad Connegy develops and markets advanced Next Generation Enterprise Systems including Voice over IP (VoIP), IT Convergence, Enterprise Wireless Solutions, CTI Applications, Messaging and PDA connected capabilities. Telrad Connegy's product line includes the UNITe system, a family of sophisticated enterprise communications solutions designed to fulfill the telecommunication needs of modern business organizations.