NYSIA Selects M5’s Outsourced IP Phone System for Technology Incubator

August 16, 2005; 06:52 AM

New York, August 16, 2005 – M5 Networks, the northeast’s leading outsourced IP phone system provider, today announced the New York Software Industry Association’s (NYSIA) deployment of its Outsourced IP Phone System and shared tenant solution, ideal for administering phone system access for multiple companies within a single space. The trade association for local software, information technology, and Web development companies uses M5’s solution in its own office and for tenants in its recently opened technology incubator.

Run by NYSIA and sponsored by the Empire State Development Corporation and Rudin Management, the NYSIA Incubator @ 55 Broad Street is a 21,000-square-foot office space designed to house NYSIA’s offices and provide space for over a dozen small high-tech companies. Amenities include short term leasing options, access to like-minded companies, extensive media coverage and value-added services, such as access to M5’s Outsourced IP Phone System.

Through M5, companies within the NYSIA incubator, such as TMGI, a management consulting firm, Medikin, a transcription application service provider, and Umbanet, a software company, benefit from the same IP-based technology used by many Fortune 500 companies. In addition to a high-end business phone system, these companies receive customized professional support, unlimited local and domestic long distance calling, Internet service, unique phone numbers and voicemail for each end-user, and a robust end-user feature set.

NYSIA’s CEO, Bruce E. Bernstein, remarked, “M5 Networks provides industry expertise and high-quality service to our tenants via its Outsourced IP Phone System. We expect that having access to the latest in communications technology right at their fingertips will only increase the likelihood of success for these early-stage businesses.”

"The NYSIA Incubator @ 55 Broad Street is helping to further economic development and growth within New York's technology industry," said Dan Hoffman, M5 President & CEO. “M5 is proud to be a part of this project and to provide emerging local businesses with the communications tools they
need for success.”

About the NYSIA Incubator@ 55 Broad Street
The NYSIA Incubator @ 55 Broad Street is the first and only high tech incubator in the New York Metropolitan area. The mission of the NYSIA Incubator @ 55 Broad Street is to unite area technology businesses and advance economic development and growth within New York’s software/IT industry. Located in the heart of Manhattan’s financial district, the NYSIA Incubator @ 55 Broad Street offers tenants all of the privileges associated with a prime business location, including access to one of the country’s top workforce populations and proximity to world-class clientele. The space is run by NYSIA and sponsored by the Empire State Development Corporation and Rudin Management. To learn more about the NYSIA Incubator @ 55 Broad Street, please visit www.nysiaincubator.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, Sun, AboveNet, Sprint, Qwest, Broadwing Communications and VocalData. M5 has received the Pulver 100 Award as a Communications Growth Company for three consecutive years (2002-2004), as well as Frost & Sullivan’s 2004 Entrepreneurial Company Award and Internet Telephony Magazine’s 2004 VoIP Service Provider Award. In addition, the strong demand for M5 services has enabled M5 to achieve financial stability in a short period of time. To learn more about M5, please visit www.m5net.com.