REI, Pannaway Ink Deal

PORTSMOUTH, N.H. -- Pannaway Technologies, Inc., designers and developers of converged, telco-grade broadband voice, video and data platforms, today announced a deal with REI Communications, a facilities-based CLEC in central Florida, to deliver high quality VoIP, bi-directional high-speed Internet and crystal clear all digital television services over their award-winning Service Convergence Network (SCN(TM)). REI Communications will leverage Pannaway's SCN to become the first local provider to deliver a complete triple play of converged voice, video and data services. After a comprehensive evaluation of leading access providers, REI made the decision to partner with Pannaway based on their unprecedented level of service and support coupled with their ability to deliver the industry's only true Primary Line VoIP(SM) service that enables Emergency 911 reliability in a VoIP environment.

Located in Bartow, Florida, but reaching into neighboring Fort Mead and other Central Florida-based communities, REI Communications will soon make available to approximately 200,000 residents cutting-edge, converged broadband services that incumbent competitors have been slow to offer. REI recognized the opportunity to leverage a city-wide, fiber optic infrastructure used to connect local public schools for the delivery of triple play broadband services to residential and small-business subscribers. Pannaway's flexible solution will enable REI to move very quickly, delivering broadband services to its first customers before the end of 2005.

"We chose Pannaway because we were looking for a broadband partner, and not just a product vendor," said Carl Burgess, CEO of REI Communications. "More so than any of the other vendors that we evaluated, Pannaway's services and support team demonstrated the ability to do what it will take to help us achieve our goal - offer affordable, reliable broadband services to our customers. With the local cable and telecom providers lagging behind in their ability to offer desirable broadband services, we need to step in quickly to fill that gap. Pannaway understands this urgency and is working around the clock to deliver a high-quality solution to meet our subscribers' needs."

Pannaway Technologies Inc.