XConnect Receives INTERNET TELEPHONY® Magazine’s “Product of the Year” Award for 2005

XConnect AllianceTM Honored for Outstanding Innovation

LONDON, UK - JANUARY 30, 2006 - XConnect announced today that Technology Marketing Corporation (TMC®)'s INTERNET TELEPHONY® magazine (www.itmag.com) has named XConnect's Alliance as a recipient of a 2005 Product of the Year Award. INTERNET TELEPHONY has been the VoIP Authority Since 1998TM.

XConnect, the largest neutral VoIP peering provider worldwide, connects more than 75 VoIP (VoBB or ITSP) service providers without connecting calls to traditional phone networks. Their flagship product, XConnect AllianceTM, offers the world's first multilateral settlement-free exchange of traffic between VoIP service provider members. Members ‘plug and peer' with other IP voice service providers around the world through a single connection to the XConnect Network, avoiding the need to negotiate multiple exchange agreements. Complementary products include XConnect XChangeTM, a neutral clearing-house and minutes exchange, and DirectRouteTM a product that combines the Alliance and XChange, allowing calls that originate on the PSTN to terminate directly with an XConnect member on-net.

"As Rich Tehrani, INTERNET TELEPHONY's publisher, recently stated: 2006 is the year of VoIP Peering. We're honored to have received this particular award from a publication that clearly understands the value of VoIP Peering and the implications on how we think about multimedia IP communications," said Eli Katz, Founder and CEO of XConnect.

"Each year INTERNET TELEPHONY magazine bestows its Product of the Year awards on companies that have demonstrated excellence in technological advancement and application refinements. XConnect has demonstrated to the editors of INTERNET TELEPHONY that its products or services are committed to quality and innovation while addressing the real needs in the marketplace," said Rich Tehrani, Group Publisher and Editor-in-Chief of INTERNET TELEPHONY.

The Product of the Year Award winners for 2005 will be highlighted in the January and February 2006 issues of INTERNET TELEPHONY magazine.

About XConnect Global Networks:

XConnect is the world's first and largest provider of 'Plug and Peer' VoIP interconnection services dedicated to connecting ITSPs and enabling rich multi-media end to end IP communication. Headquartered in London with offices and facilities in USA, Europe and Asia, XConnect is the largest neutral VoIP peering provider for ITSPs. XConnect's award-winning solutions comprehensively address interoperability, ENUM directory services, and security. XConnect provides peering services to 75 ITSPs in more than 20 countries enabling IP calls between VoIP end-users. XConnect was founded in 2004 by Eli Katz, also co-founder and chairman of the UK's Internet Telephony Service Providers' Association.

About TMC®

Celebrating more than 30 years as a leading publisher, Technology Marketing Corporation (TMC®) publishes Customer Inter@ction Solutions® and INTERNET TELEPHONY® magazines, Web portal TMCnet.com, and the online publications SIPTM, Speech-WorldTM, VoIP DeveloperTM, WiFI TelephonyTM, WiMAXTM, Alternative PowerTM and BiometriTechTM. TMC® is also the first publisher to test new products in its own on-site laboratories, TMC® Labs. TMC® produces INTERNET TELEPHONY® Conference & EXPO, VoIP Developer Conference and Global Call Center Outsourcing Summit. TMC offers live and online certification programs through TMC University. TMCnet.com publishes more than 14 online newsletters. Visit www.tmcnet.com for details.