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Mergers & acquisitions

Vistula Gets Goodman Blue

NEW YORK -- Vistula Communications Services, Inc. (“Vistula”) (OTCBB: VSTL, www.vistula.com), a global supplier of flexible and reliable Voice over IP (“VoIP”) services to major telecommunications carriers and Internet Service Providers, announced today that it has acquired Goodman Blue Limited (“Goodman Blue”), a UK systems integration and software house.

Goodman Blue provides a software package that allows service providers, of any kind, to deliver real-time, self-service and fully automated, provisioning, rating, billing, service management and reporting of telecom and other services. For Vistula and its customers this software sits on the outside of V-Cube™(1) so that service providers can create hands-off management of their customers’ billable activity. The Goodman Blue solution is called - Order to Cash (“O2C”).

Vistula will be marketing O2C to V-Cube™ and non-V-Cube™ clients and has already received significant interest in the product. The particular benefit to Vistula’s clients is that it allows them to address the high cost of sale issues common with relatively low-value, high-volume client bases requiring complex solutions. This changes the service provider’s business model to the positive.

Rupert Galliers-Pratt, Chairman and CEO of Vistula commented “Goodman Blue’s solutions address two markets: end-to-end automated provisioning with book to bill service for telecoms service providers and automated self-service provisioning, rating and billing of telecom and ancillary services for the Serviced Office market.”

Vistula Communications Inc.

Goodman Blue Ltd.

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