PRESS & MEDIA

Openet Telecom Chariman Appointed, Underlining Continued Corporate Strengthening

June 19, 2003 - Openet

Dublin Ireland, Reston VA, June19th 2003, Openet Telecom, a world leader in real-time charging and convergent mediation, announces the appointment of Gary Cuccio as Chairman of the Board. Bringing exceptional industry leadership and experience, Cuccio's addition to the company continues Openet's ongoing strengthening of its Board and management team.

Chief Executive Officer, John Rainger, commented "Openet Telecom continues to command market leadership in this dynamic and turbulent market, as evidenced by our recent contract wins with companies such as Verizon Wireless. Gary brings a wealth of commercial and management experience that has already added value to our operations. His appointment further reinforces our global sales focus."

Gary Cuccio states, "I am thrilled to be joining Openet's Board of Directors, especially at such an exciting time with the addition of Verizon Wireless to the customer list. Openet Telecom has quickly become the leader in convergent mediation, and I couldn't be happier to be a part of such a strong organisation." Gary has been involved in the telecommunications industry for over thirty years, holding senior management and Board positions with world-leading corporations, both public and private, such as Pacific Bell, LHS Group and Airtouch. He has extensive experience in managing rapid-growth telecommunications companies and in handling high-value international transactions.
 
After graduating from CSULA, he spent a long career with Pacific Bell, becoming Vice President and General Manager, overseeing 2,500 staff in operations and sales. Subsequently, Cuccio held COO, CEO or President roles with LHS Group, Belgacom Mobile, Airtouch Europe, Omnipoint Communications, Airtouch Paging, Phaeton Communications and Advanced TelCom Group. He is also a member of the Board of Affinity.

About Openet
 
Openet is a leading worldwide provider of event processing and transaction management solutions. The Transactional Intelligence of the company's solutions extracts increased value from diverse service provider networks, enabling rapid introduction of new services and reliable, cost-effective management of existing services. Openet is focused on delivering best-in-class network edge solutions and specialized engagement processes that create business value from network activity. A global company, Openet's implementations include long-running engagements with the world's leading service providers such as British Telecom, Orange, AT&T and Verizon Wireless. For more information, visit www.openet.com.
 

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