1st July 2007

Telrad Connegy announced that it had reached a distribution agreement with WiseCom, an Israeli company specializing in marketing IP telecommunication solutions. WiseCom agreed to purchase U$S 1M worth of Telrad Connegy’s IP products in the course of the coming year.

The cooperation between the two companies includes the marketing by WiseCom of Telrad Connegy’s VoIP business solutions, focusing on small to medium size organizations. The agreement will expand Telrad Connegy’s business presence in the Israeli market and upgrade the quality of the IP solutions offered by WiseCom to its customers.

Mr. Avi Weinrib, Chairman of Telrad Connegy, said that the distribution agreement is part of a strategic move of the Company, whose business model envisions the establishment of an organized distribution network.