Contact Networks' ContactNet Named as Finalist for the 2006 MITX Technology Awards

Third Annual MITX What's Next Forum & Technology Awards Recognize Outstanding Technology Advancements in New England Region

Boston, MA -- May 12, 2006 - Contact Networks, a leading provider of Enterprise Relationship Management (ERM) software for professional services firms, today announced that it has been named as a finalist for the 3rd Annual MITX Technology Awards. The MITX What's Next Forum & Technology Awards recognize innovative technologies developed in the New England area, as well as the individuals and organizations responsible for driving these advancements. The Massachusetts Innovation & Technology Exchange (MITX) is the region's premier association for thought leadership, technology trends, business networking and professional training and development.

"Our ContactNet solution addresses a universal business need for companies to better leverage the valuable relationships that exist between their colleagues and the outside world. Used for business development and client service, ContactNet instantly identifies the colleagues that have the best relationships with a particular individual, company or industry," said Shawn Samuel, Chief Technology Officer at Contact Networks. "We're very pleased to be recognized as one of the top collaboration and communications applications by MITX."

ContactNet 5.0, Contact Networks' Enterprise Relationship Management (ERM) solution, is an enterprise search engine for relationships. It analyzes multiple data sources including CRM systems, electronic address books, and email traffic patterns, uncovers valuable relationships, and generates a list of colleagues ranked by relationship strength. ContactNet requires no manual data entry and is implemented in a couple of weeks. The world's leading firms, including global consulting firms, law firms, and financial services firms, use Contact Networks' proprietary technology every day.

"In its third year, the MITX Technology Awards have attracted some of the most distinguished technological innovations that the region has to offer," said Kiki Mills, Executive Director of MITX. "It is this tremendous interest that enables our organization to accomplish its mission of uniting the brightest minds in the technology community and honoring their outstanding achievement."

Contact Networks will be recognized with the other finalists in the Communications/Collaboration Applications category at an awards ceremony attended by the region's top technology and business professionals. Winners will be announced at the ceremony at the Four Seasons Hotel in Boston on Wednesday, June 7, 2006. This year's keynote speaker and special honoree is Nicholas Negroponte, co-founder of the MIT Media Lab, esteemed author and founder and Chairman of the non-profit association One Laptop per Child.

The ceremony is preceded by the What's Next Forum, a panel discussion moderated by Jason Pontin, Editor-in-Chief of . The topic, What's Next for the Social Web, will be a forward-looking discussion about the next platforms and paradigms to shape the social web.

The MITX What's Next Forum & Technology Awards are sponsored by Backbone Media, Lewis PR, Nixon Peabody LLP, Oracle, and Technology Review.

About MITX
The Massachusetts Innovation & Technology Exchange (MITX – pronounced my-techs) accelerates business opportunities and professional development for those who seek to create business advantage through the innovative application of technology and services. Serving more than 2,500 members from multiple industries MITX is the region's premier association for thought leadership, technology trends, building business relationships and professional training and development. MITX also offers its members the chance to promote their companies to targeted audiences through sponsorships, speaking opportunities and networking. MITX is headquartered in Cambridge. For more information please call 617-871-2155 or visit www.mitx.org.

About Contact Networks
Contact Networks is the most experienced provider of Enterprise Relationship Management (ERM) solutions for professional services firms. Since 2002, the company's ContactNet software has been helping professionals generate more new business by enabling them to leverage their firm's entire extended network of relationships. ContactNet is an automated search tool that immediately identifies colleagues that have the strongest relationships with a valuable prospect. Customers include global consulting firms, law firms and financial services firms such as Mintz Levin, Sheppard Mullin, Greylock Partners, Kodiak Venture Partners, and Sagent Advisors. Visit www.contactnetworks.com or call 617-305-7961.