Press Releases

NEW YORK, NY -- (INTERNET WIRE) -- 03/25/2003 -- Cobite, a leading provider of telecom cost management systems, today announced the general availability of two new components of the eXprts™ enterprise communication management system.

The first module, the Cell Plan Optimizer, aggregates all of a companies cell phone bills into a single database and performs costs optimization plans to match employees with appropriate usage plans. The solution also validates every cell phone to an authorized user and performs automatic invoice reconciliation. Cost savings are estimated to run between 20% and 40% of an enterprise's annual cellular budget. Information is consolidated monthly and annually by vendor to allow greater negotiation strength during contract renewals.

The second module, MDT, is a complete solution, from provisioning through invoice validation, for enterprises that utilize Market Data Terminals from one or more vendors. By utilizing this comprehensive solution, financial institutions can finally gain control over the large expense associated with these devices by insuring adds, changes and disconnects occur in a timely fashion and vendors are properly charging one-time fees.

Cobite's founder, Robert Lippman, stated, "The release of the two new modules builds on the core strength of the eXprts product. We have tracked and allocated cell phone and market data bills for years for a number of large organizations. With the additional functionality, we can translate this information into additional costs savings for enterprises with large number of cell or market data users."

The eXprts™ product is available to be run and managed in-house or as an ASP. Complete outsourcing of cellular and market data terminal management is also available.

About Cobite

For over 16 years, Cobite has been in the business of helping clients reduce and control expenses related to telecom and related communications infrastructure. The eXprts™ is utilized by Fortune 2000 organizations to validate and allocate charges from land line, long distance, cellular, pager, market data and calling card providers.