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SIPquest awarded "Best in Show" at OCRI Venture Fair

Ottawa, Canada - October 8, 2004 - SIPquest Inc., the leading developer of SIP-based IP Telephony software today was awarded "Best in Show" at OCRI's eighth annual Ottawa Venture Fair held at the Fairmont Chateau Laurier Hotel, downtown Ottawa. This is an annual event that showcases Ottawa's emerging technology companies to Canadian and US investors. The award is voted on by all attendees of the Fair.

Stephen Daze, executive director of OCRI's Entrepreneurship Centre and host of the Ottawa Venture Fair said, "This is the eighth year of what has proven to be one of Canada's premier financing events. The Fair brings together local and international venture capitalists with leading industry analysts to share knowledge and expertise and help fuel the growth of Ottawa's next generation of companies. We were very impressed by SIPquest's presentation and congratulate them on their achievement."

CEO and co-founder Alain Mouttham delivered an inspiring presentation to kick off the day's presentations on Friday October 8th. "I am very honored to receive this award." said Alain, "It is a culmination of the hard work and dedication of every team member at SIPquest." Alain continued "I know many of my counterparts in several of the Ottawa-based start-ups. We all work very hard at driving our companies and technologies forward in our challenging marketplaces."

With over 1500 technology companies, Ottawa's prospects are very strong. In the first three quarters of 2004, 97% of all investments in Ottawa and since 2002, over 60% of the deals closed have gone to Ottawa Venture Fair alumni. Ottawa's eighth annual fair offers the opportunity to network with leading U.S. and Canadian VC's, discover Ottawa's next generation of technology ventures and hear from analysts and customers on what to expect in the coming months and years. Ottawa has the highest level of research and development spending per capita in the country and is home to leading economic clusters in telecommunications, software, semiconductors, photonics, wireless and life sciences.

SIPquest was recently named to the Pulver 100 list on September 27, 2004.

About SIPquest

SIPquest is a technology pioneer with specific expertise in Session Initiation Protocol (SIP). By embedding or bundling SIPquest SIP-based software products with their own products, telecom and datacom equipment vendors are able to take advantage of the growing demand for VoIP services and capabilities. IP Telephony is the superset encompassing more than just VoIP. SIPquest's application and component suite also includes IP-based audio conferencing, video conferencing, data conferencing, application sharing, instant messaging, presence, a multimedia collaboration agent, voice mail, auto attendant, a SIP to H.323 signaling converter, an extensible SIP server and mobile WiFi roaming and collaboration capabilities. SIPquest is committed to expanding the use of SIP technologies through an exclusive licensing agreement with Columbia University's Internet Real-Time Lab and Professor Henning Schulzrinne, Chief Scientific Advisor to SIPquest and co-author of SIP. Located in Ottawa, Canada, SIPquest has the most complete and advanced suite of Session Initiation Protocol (SIP) software modules and components on the market.