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Contact Network Corporation Appoints Two New Executives to Board of Advisors

Business and Technology Veterans Mike Cassidy and Paul Daoust Join Advisory Board of Leading Enterprise Social Networking Provider

Boston, MA – October 27, 2003 – Contact Network Corporation (contactnetworkcorp.com), the leading provider of enterprise contact collaboration solutions, today announced that it has appointed two industry leaders to its Board of Advisors. Mike Cassidy and Paul Daoust will provide strategic guidance and direction to the company’s business development and sales and marketing teams as they move forward with customer deployments at professional service firms, Fortune 1000 sales teams, and higher education organizations.

“We are very excited to welcome two accomplished industry veterans to our Board of Advisors,” said Cesar Brea, CEO of Contact Network Corporation. “Both Mike and Paul have proven track records of turning companies into industry leaders, and they will work closely with our team to provide us expert insight and direction as we continue our next phase of growth with customer and partner relationships.”

Paul Daoust is an independent investor and advisor to enterprise software firms. Paul formerly served as COO of Watson Wyatt Worldwide, a $700 million international human resources and risk management consulting firm. As COO, Paul rebuilt the leadership team, dramatically increased the company’s profitability and engineered a major international growth phase. This well-respected company had grown into a world-class professional services firm with 5,000 employees in 40 countries. Paul is a Fellow of the Society of Actuaries and holds an MS degree in Actuarial Science from the University of Michigan Business School as well as a BA from Boston College.

Mike Cassidy is the Founder and CEO of Ultimate Arena, a leading social and competition platform that networks the online gaming community. Previously, Mike was co-Founder and CEO of Direct Hit, a revolutionary Internet search engine that won numerous industry awards for the accuracy of its results and was acquired by Ask Jeeves for $500M. Earlier, Mike was co-Founder and CEO of Stylus Innovation, whose flagship product was the award-winning computer telephony software Visual Voice and was later sold to Artisoft. Both Direct Hit and Stylus won MIT’s $50K Entrepreneurship Competition. Mike has a BS and MS in Aerospace Engineering from MIT, and an MBA from Harvard Business School.

“I am enormously excited about the market opportunity for Contact Network,” said Mike Cassidy. “The company is leading the charge in an important market sector and has already proven that its technology delivers real value to Fortune 1000 companies. I am pleased to be working with Contact Network as we continue expanding the base of customers who have discovered the power of social networking software to maintain and build professional relationships.”

“Contact Network’s value proposition is immediately clear to me as an executive in the consulting industry,” said Paul Daoust. “I am excited to assist the team as Contact Network moves into its next phase of growth and capitalizes on the market opportunity with leading professional service firms and sales organizations.”

About Contact Network’s Enterprise Contact Collaboration Solution

Contact Network provides large professional service firms, Fortune 1000 sales forces and higher education institutions with enterprise relationship collaboration software to better leverage their extended network of contacts and use their collective relationship capital within a secure, private internal network. Contact Network's search interface is intuitive and easy-to-use. Users simply enter a target person, company or industry and the search results instantly provide a ranked list of colleagues that may have useful relationships. They then request introductions directly from their colleagues.

The ranking of search results is based on a proprietary algorithm that scores recent email traffic, electronic address book entries and employment history. The fully automated application requires no training or data input and supports the most advanced privacy protection in the industry. The Contact Network application can run independently or be integrated into an existing CRM system to improve utility and leads for sales representatives, data quality for sales managers, and account coordination for customer relationship managers.

About Contact Network Corporation

Contact Network Corporation is the leading provider of enterprise contact collaboration solutions. The Contact Network application enables leading professional service firms, Global 1000 sales forces, and major universities to better utilize their extended relationship network to generate sales, facilitate networking opportunities, and improve knowledge sharing within a secure, private internal network. Contact Network Corporation is a Boston-based, privately-held company. More information is available at contactnetworkcorp.com.


Kerry Metzdorf, Red Javelin Communications, Inc.