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M5 Networks’ Outsourced IP Phone System Named a Finalist in Small Business Technology Magazine’s Inaugural Product of the Year Awards

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Special Issue to Highlight Technology Solutions that Help America’s Small Enterprises Succeed


New York – M5 Networks, the Northeast’s leading outsourced IP Phone system provider, today announced that Small Business Technology Magazine has named its Outsourced IP Phone System one of the finalists in the 2005 Product of the Year awards. The finalists will be part of a special Winter issue featuring the 2005 Product of the Year Awards and 2006 Buyer’s Guide – Small Business Technology Magazine’s salute to the innovative technology solutions that are boosting the productivity and profitability of America’s small enterprises. The special issue launches later in January and details are available at www.sbtechnologymagazine.org.

“Small businesses embody the spirit of opportunism, innovation and passion, and these awards reflect our commitment to advocating on their behalf for world-class information technology solutions that are perfectly suited to meet their unique needs, ” said Andrea Peiro, CEO of the Small Business Technology Institute and publisher of Small Business Technology Magazine. “The 2005 Small Business Technology Magazine Product of the Year finalists represent the outstanding technology solutions that are advancing this entrepreneurial spirit and helping small business owners realize their dreams.”

With 400 small- to mid-sized business clients in New York’s metropolitan area – the nation’s largest SMB market – M5 holds a dominant share of the market for hosted IP telephony services. By outsourcing to M5, these organizations avoid the headaches and costs associated with buying and maintaining their own phone system. As a single trusted advisor, M5 replaces multiple telecom vendors and assumes responsibility for providing reliable, highly responsive service, proactive feature deployment, and predictable costs. To-date, over 92 percent of M5’s clients would confidently refer its phone system solution to their business colleagues.

"Small Business Technology Magazine does an excellent job of providing useful information that enhances the ability of small businesses to make sound purchasing decisions regarding technology products and solutions," said Dan Hoffman, CEO & President of M5 Networks. "We are proud to be recognized as finalist in this year’s list which includes companies providing tremendous value to small businesses in all markets.”

About the 2005 Product of the Year Awards

The Small Business Technology Magazine 2005 Product of the Year entries were judged by a panel of advisors from the Small Business Technology Institute (SBTI) and SBTI Labs, the editorial team at Small Business Technology Magazine, plus direct feedback from small business owners, magazine readers and other industry experts. Products were evaluated based on criteria such as: overall fit; functionality and ease of use; quality and breadth of support; potential impact on the bottom line; and innovation. Judges evaluated online entry forms and considered critical factors for successful technology adoption among small businesses, including: pricing, return on investment, packaging simplicity, features, learning curve, ease of installation, and breadth of user materials. The award program was open to small business technology hardware, software and services generally available on or before December 1, 2005 for purchase by small businesses in the U.S. Winners are posted at www.sbtechnologymagazine.org.

About Small Business Technology Magazine

Launched in 2001, Small Business Technology Magazine delivers educational insights, practical tips and sound advice to help small businesses harness the benefits of technology. The magazine is published by the Small Business Technology Institute (www.sbtechnologyinstitute.org), a non-profit organization dedicated to helping small businesses understand and adopt information technology through its publishing, consulting, training and market intelligence practices. Small Business Technology Magazine delivers technology topics of critical importance to entrepreneurs, small business owners and managers in companies with 1 to 300 employees. This outstanding educational resource is made possible through the generous support of its readers, underwriting sponsors and content partners. To subscribe, sponsor or contribute, visit www.sbtechnologymagazine.org.

About M5 Networks

M5 Networks is the leading outsourced IP phone system provider in the Northeast. By outsourcing to M5 instead of buying another phone system and signing more local and long distance contracts, businesses save valuable time and hard dollars. M5 was founded in 2000 by the same management team that ran Interport Communications, the ISP pioneer for New York businesses. M5 builds on that legacy by continually innovating to improve our outsourced phone system solution, which is delivering measurable ROI to companies in all industries. M5’s core technology partners include Cisco, Verizon, AboveNet, Sprint, Qwest, Broadwing and Tekelec. M5 has been named to the Pulver 100 list as a Communications Growth Company for four consecutive years (2002-2005), FierceVoIP's annual Fierce 15 list (2005), and VoIP Magazine’s 20 Companies to Watch list (2006) as well as received Frost & Sullivan's 2004 Entrepreneurial Company Award and the 2004 and 2005 VoIP Service Provider Awards and the 2005 Best SMB VoIP Service Provider Award from INTERNET TELEPHONY Magazine.

PR Contact:

Chaim Haas

Euro RSCG Magnet for M5

(212) 367-6829

chaim.haas@eurorscg.com