FastComm Communications and Teleprime Incorporated Announce Global Channel Partner and Support Agreement

Business Wire, May 29, 2001

Business Editors/Hi-Tech Writers

DULLES, Va.--(BUSINESS WIRE)--May 29, 2001

FastComm Communications (OTC BB: FSCX) today announced a Channel Partner and Support Agreement with Teleprime Inc. to market, sell, and support FastComm's SignalPath(TM) Signaling Gateway, and Voice over Internet Protocol (VoIP) and Voice over Frame Relay (VoFR) Integrated Access Devices (IADs) as part of Teleprime's worldwide carrier services network systems solutions.

This agreement immediately enables Teleprime to rapidly deploy domestic and international network-based signaling and voice/data/packet-based solutions.

Teleprime was formed in 1992 for the purpose of providing high-level design and system consulting services in emerging technology applications such as SONET, ADSL/HDSL, and other high bandwidth technologies being deployed in the telecommunications industry.

More recently, Teleprime has moved into network engineering and solutions development related to voice and data networks for public and private applications, both domestic and international.

"We are excited to have FastComm's products as part of our global network solutions," stated Dr. Raj P. Dave, Teleprime President and Chief Executive Officer. "FastComm's signaling and data products allow us to offer very competitive solutions to worldwide carrier and telephone/data service providers who are looking for competitive advantages in the rapidly evolving global carrier and systems market."

The SignalPath(TM) Signaling Gateway product line supports multi-national signaling protocols, including ANSI SS7, ITU-T C7, ISDN (both Euro and U.S.), R1, R2, and DTMF, as well as custom variants for over 80 countries, and (mu)-Law to A-Law rate conversion.

Designed for national, cross-border, international connectivity, typical applications include E911 connectivity for VoIP networks, long distance toll by-pass, and international connections.

FastComm's IAD product line supports the transmission of voice, data, video, and fax over either VoFR or VoIP networks. Ideally suited for enterprise users, the products provide extensive IP and legacy protocol support.

"This announcement creates a working relationship with a team of professionals formerly affiliated with Cronus Communications, which developed the signaling product line FastComm acquired in the Spring of 2000," said Peter Madsen, President of FastComm Communications.

"Their long history and intimate knowledge of signaling technology gives Teleprime the ability to understand customers' technical requirements, separating them from other providers."

About FastComm

FastComm Communications www.fastcomm.com is a complete signaling, voice and data system solution provider, offering innovative signaling interoperability solutions that include support for SS7, C7, C5, R1, R2, and DTMF. FastComm also provides advanced IP and data solutions over Frame Relay such as voice/data Integrated Access Devices (IADs), IBM data center products and protocol converters specifically designed for Unisys environments.

Forward looking with a corporate goal to provide customers with leading edge technology and cost-effective means of incorporating these technologies into existing or new networks, FastComm is positioning itself at the forefront of the evolving converged networks.

About Teleprime Inc.

Launched in 1992, Teleprime Inc. is a specialized carrier services network solutions provider and a leader in providing technical and consulting services for the telecommunications marketplace on a global scale.

The solutions offered by Teleprime range from consulting services through transport and switched systems engineering, provisioning and supply of solutions based on network products inclusive of support services, whether domestic or international. For more information visit Teleprime's web site at http://www.teleprime.com/.> Forward-looking statements are made in this release pursuant to the safe harbor provisions of the Private Securities Litigation reform Act of 1995.

Investors are cautioned that all forward looking statements are subject to risk and uncertainties, including, without limitation, the timing of new announcements or introductions by the company and its competitors, the hiring and retention of key employees, competitive pricing pressure, dependence on third parties for components and products, and general economic conditions in the United States and international markets, and the risk factors detailed from time to time in the Company's periodic reports and registration statements filed with the Securities and Exchange Commission.

To request a data sheet of any FastComm product, please contact the Company via phone (703) 318-7750; Fax (703) 787-4625; e-mail info@fastcomm.com; or visit FastComm on the World Wide Web at www.fastcomm.com.