Eftia Announces Appointment of New VP of Finance

Ottawa, Canada - May 26, 2004 - Eftia, a global provider of operations management software solutions designed to meet the business automation needs of communications service providers and large enterprises, today announced the appointment of of Aashish Mittal as Vice President of Finance and Chief Controller for Eftia. In this role, Mr. Mittal will take on the responsibility for all of Eftia's global finances, ensuring the efficient financial operation of the organization.

"Aashish is definitely the right person to take on this position," said Stephen Parker, President and CEO of Eftia. "His flawless work ethic, ability to deal well with those around him and his uncommon attention to detail have made him a crucial person in the success of our company. He has shown outstanding leadership ability in making sure our finances are well managed."

In his former position as Financial Controller, Aashish played a key role in overseeing and managing the financial accounting for Eftia, helping to keep the company on a steady course. With ten plus years experience in finance, he brings a wealth of knowledge in all aspects of accounting and finance related functions to his new position.

About Eftia

Eftia is a global leader in providing and deploying turnkey software solutions and extensible platforms that meet the business automation demands of communications service providers and large enterprises.

Master.Scribe is an integrated suite of OSS solutions that enables Eftia customers to master their mission-critical business and operations processes, reduce the time to market of services, and lower overall operational costs. The suite provides comprehensive order provisioning and fulfillment; problem management; telecom circuit and asset inventory management; and Internet protocol (IP) address and telephone number management. Eftia also offers a configurable OSS interconnection gateway.

Ai², which stands for Adaptable, Intelligent, Integrable, is a next generation, state of the art, application framework and engine to provide enterprise automation solutions for any industry. It enables the rapid, cost-effective creation of custom resource management related applications to meet specific business needs, offering a level of adaptability not seen in other products.

Eftia is a significant contributor to the New Generation Operations Systems and Software (NGOSS) led by the TeleManagement Forum, and is a focus member of the OSS through Java™ Initiative. Eftia is headquartered in Ottawa, Ontario, Canada.

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