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Callipso to Be Named One of Orange County's Fastest-Growing Technology Companies in Deloitte's Technology Fast 50 Program

SANTA ANA, Calif.--(BUSINESS WIRE)--Aug. 4, 2004--Callipso, a leading provider of enhanced IP services, will be named to Deloitte's prestigious Technology Fast 50 Program for Orange County, a ranking of the 50 fastest-growing technology companies in the area by Deloitte & Touche LLP, one of the nation's leading professional services firms. Technology Fast 50 rankings are based on the percentage of growth in fiscal year revenues over five years, from 1999-2003.
"In today's economy, triple-digit percentage revenue growth is an exceptional accomplishment. We commend Callipso for making the commitment to technology and delivering on the promise of market longevity," said Mark Miskinis, Deloitte partner, Technology, Media & Telecommunications practice, Costa Mesa. "We are proud to honor Callipso as a Deloitte Technology Fast 50 winner."

Callipso's President and CEO Deb Lenart believes that the imagination and drive needed to bring a new technology like VoIP (Voice over IP) to market has played an important role in Callipso's success. "In a region with over 5,000 technology companies, being named to the Technology Fast 50 is an awesome achievement," she said. "Thanks to the vision and entrepreneurial spirit of our customers and stakeholders, as well as the hard work and commitment of our team here at Callipso, we've been able to create a unique success during some challenging times in the industry."

To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 1999 and $1,000,000 in 2003, must be public or private companies headquartered in North America, and be a "technology company" defined as owning proprietary technology that contributes to a significant portion of the company's operating revenues (using other companies' technology in a unique way does not qualify); and/or devoting a significant proportion of revenues to research and development of technology.

Winners of the 19 regional Technology Fast 50 programs in the United States and Canada are automatically entered in the Deloitte Technology Fast 500 program, which ranks North America's top 500 fastest-growing technology companies. For more information on the Deloitte Fast 50 or Fast 500 programs, visit www.fast500.com.

About Callipso

Founded in 1996, Callipso provides enhanced IP services to telecommunications carriers, enterprises and the prepaid card marketplace. Callipso addresses today's communications requirements with the industry's leading enhanced IP services, including ProConferencer(TM), a web-based audio conferencing service, and ProCaller(TM), a web-based prepaid phone card platform. When combined with Callipso's private managed IP network, these products serve to bridge the gap between IT and telecom to enable user-defined communications.

Callipso, a privately held company headquartered in Santa Ana, California, was recently named to the Orange County Technology Fast 50 by Deloitte & Touche LLP. Technology Fast 50 rankings are based on the percentage of growth in fiscal year revenues over five years. Callipso was also named a 2004 Investors' Choice award recipient by VentureWire(TM) at its annual private equity conference. That award recognizes technology companies that are best positioned for long-term success in the communications industry.

Contacts


Callipso
Michele Shannon, 714-668-4329
Michele.shannon@callipso.com

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