COLORADO SPRINGS and BOULDER, Colo. and NORWOOD, Mass.—May 3, 2001—TellSoft Technologies, a leading application service provider of rich-media outsourcing solutions, and REBAR LLC, a technology operating and holding company with a $1+ billion global portfolio, today announced that TellSoft is now part of the REBAR family of companies.

With the acquisition, TellSoft joins REBAR’s market-leading technology holdings, which include Corporate Software, the premier sales and marketing engine to the Global 2000 and a leading provider of Software Asset Management solutions; Shaman Corporation, an Internet-based sales engine providing IT management tools and services to the small and mid-sized markets; as well as several start-up companies that leverage REBAR’s sales and marketing capabilities and other core business assets.

"As part of the REBAR family, we have increased access to established channels and business opportunities, economies of scale and the opportunity to cross leverage strengths with other market leaders," said Bill Tomeo, president and CEO of TellSoft Technologies. "Additionally, this relationship strengthens our foundation for accelerated and maximized business growth."

REBAR’s holdings have more than 15 offices worldwide, a combined reach into nearly 130 countries and established channels into Global 2000 enterprises. This acquisition also presents TellSoft with opportunities to further extend its channel strategy and market reach in servicing the web-based communications needs of businesses worldwide.

"In REBAR’s search for opportunities to expand our business in high-growth markets, we saw a clear winner in TellSoft," said Howard Diamond, chairman and CEO of REBAR. "TellSoft has a successful track record, strong management team and clear leadership position in providing streaming media applications for business communications. We’re excited about adding TellSoft to our global portfolio and the remarkable opportunities this relationship presents for both organizations. The synergies—everything from services to target markets to management style to culture—are tremendous."

TellSoft’s iTalkServices bring to REBAR a comprehensive suite of streaming media content creation and delivery solutions for business communications. iTalkServices enable anyone to use a phone to easily deliver online presentations, conduct webcasts, create and publish voice content on any web site and send voice email messages. iTalkServices include iTalkSlides (live Internet presentations), iTalkLive (live Internet broadcasting), iTalkWeb (voice web publishing) and iTalkMail (voice email messaging).

"Joining such a renowned, global powerhouse as REBAR is testament to the tremendous value we’ve created in TellSoft as a long-term successful business positioned to continue shaping the way we, as a society, use and experience the Internet in our day-to-day business communications," said Tomeo.

About REBAR
REBAR is a $1+ billion global technology operating and holding company that maximizes its sales and marketing engines to develop and deliver technology solutions to corporations worldwide. Through its Corporate Software subsidiary and other holdings, the company provides: access to a global customer base in 128 countries through an established sales channel of more than 400 sales and marketing professionals, long-standing strategic relationships with the world’s leading technology vendors, more than 17 years of software licensing expertise, and the operating experience of a seasoned management team. Its domain incubator, REBAR Foundry, provides growth services, resources, infrastructure and seed capital to early-stage technology companies. Dually headquartered in Colorado and Massachusetts, REBAR is privately held. For more information, call (781) 440-1000 or visit www.rebarco.com.

About TellSoft Technologies
TellSoft Technologies (www.tellsoft.com), founded in 1997, is a leading application service provider of rich-media outsourcing solutions, delivering live Internet presentations, live audio webcasts, voice web publishing and voice email messaging solutions to businesses worldwide through its iTalkServices. Having established its roots as a product company, TellSoft also continues to be the de facto provider of server-based solutions for phone-to-Internet and streaming media technology. As an industry pioneer, introducing the first phone-to-Internet technology for voice web publishing, live Internet broadcasting, voice mail over the Internet and multi-streaming, TellSoft is changing the way people communicate on the Internet.

TellSoft provides its cost-effective, easy-to-use streaming content and communications solutions to industry-leading companies, including Akamai, ECI—a Teligent company, InterCall, Interliant, Prudential Securities, Vcall and Yahoo!

Quote from TellSoft President and CEO Bill Tomeo Windows Media Real Audio

Quote from REBAR Chairman and CEO Howard Diamond Windows Media Real Audio

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Media Contact:

Bryan Searing
Product Manager
TellSoft Technologies, A REBAR Company
Two South Cascade, Suite 150
Colorado Springs, CO 80903
phone: (719) 785-6029
fax: (719) 785-6010
email: bryan.searing@tellsoft.com