Press Releases

New York, NY – June 11, 2003– Cobite, and Capto Veridicus today announced a joint partnership to provide clients with a complete lifecycle of products and services for Total Telecom Financial Management.

Robert Zitofsky, President of Capto Veridicus commented, “We are extremely excited at the opportunities for our clients to extract significant cost savings to their bottom line with efficiency and speed. The partnership with Cobite will facilitate these opportunities. After months of due diligence to determine who we believed to have the best solution coupled with the best value, Cobite was the clear choice. The bottom line is that our objective is to get clients the best value and create a total win/win scenario.”

Robert Lippman, President of Cobite commented, “ We believe the combination of Capto Veridicus’ strengths in assisting companies to both audit invoices and negotiate best of market contracts will be invaluable to our clients. The synergy between our two companies will allow a total life cycle solution for customers – from contract negotiation to inventory and invoice management thorough contract compliance validation. Capto Veridicus’ business and customer care philosophies line up perfectly with our own.”

Capto Veridicus is a leading provider of telecom and IT related audit, RFP and contract negotiation services.

Cobite is a leading provider of telecom financial management systems, cellular optimization services and Market Data Terminal solutions.