Telanetix Revamps, Hires CFO

BELLEVUE, Wash. -- Telanetix, Inc. (OTC BB: TNXI - News), a leading IP solutions provider offering telepresence and VoIP services to the SMB and SME markets, is integrating its video and voice and network divisions into the Bellevue, WA headquarters. The move is expected to create operational efficiencies through the rest of 2008. Concurrently, the company promoted Doug Johnson, 48, to Chief Executive Officer. Founder Tom Szabo, 47, will continue as Chairman of the Board. Paul Quinn, 48, has been hired as Chief Financial Officer.

"We are transitioning Telanetix from a development stage to a scalable operating company, and to that end, we have assembled a highly qualified and experienced management team to drive our business forward," said Szabo. "Using a model we have created over time to successfully grow a number of companies, we acquired the voice and network division with the intent to install the best managers to lead the combined business. Since September 2007, Doug has led the voice and network division and demonstrated the talent and expertise to effectively grow our organization. He has proven to be the right choice to drive our next phase of revenue and gross profit growth while improving productivity throughout the operation to enhance profitability."

"After an extensive search, we found Paul's experience of more than 15 years in financial management and in public markets to fit our needs perfectly," said Johnson. "As we are merging all of our financial reporting and operations, we believe Paul will better manage our finances and more importantly, contribute his strategic and financial experience to drive profitable revenue growth."

Johnson joined the executive management team of AccessLine in 2000 as the Chief Operating Officer. In September of 2002, the Board of Directors of AccessLine promoted him to President and Chief Executive Officer. Prior to joining AccessLine, Johnson was Vice President of the Advanced Services Group of AT&T Wireless, one of the largest wireless telecommunications companies in North America. In that role, he managed Wireless IP and Wireless Office services. Prior to this, he served as AT&T Wireless' North American Vice President for Global Markets, responsible for the company's top 3000 corporate accounts. Johnson's first AT&T Wireless assignment was as Vice President and General Manager for the Northwest Region. Previous to his roles with AT&T Wireless, Johnson worked at McCaw Cellular as the General Manager of the Florida District. Johnson began his career with Touche Ross (now Deloitte and Touche) as a CPA. Johnson is an honor graduate from Washington State University.

Prior to Telanetix, as CFO of Vidiator Technology, a 3G wireless software development company, Quinn provided strategic analysis and key reporting to understand current trends and provide catalyst for improvement in addition to financial responsibilities. From 2004 through 2005, he served as CFO of Dwango North America Corp., a public wireless software development company. Quinn was responsible for SEC reporting, SOX compliance, establishing finance and administration after relocation of headquarters, and participated in capital raises. While CFO at N2H2, which was a public company acquired by Secure Computing, from 2000 through 2003, Quinn helped orchestrate the financial turnaround and sale of the company. Quinn has a B.S.C. Finance from Santa Clara University and an M.B.A. Accounting Systems from Arizona State University.

Separately, Telanetix announced Rick Ono resigned as Chief Operating Officer. Szabo added, "The Telanetix team deeply appreciates the many contributions that Rick has made over the past years to Telanetix. We wish him every success in the future."

Telanetix Inc.