Megasoft Completes Acquisition of Boston Communications Group

Business Wire, August 30, 2007

BEDFORD, Mass. & HYDERABAD, India -- Megasoft Limited (BSE Code No.: 532408) today announced that it has completed its acquisition of Boston Communications Group, Inc. (NASDAQ:BCGI).

The merger follows the successful completion of the tender offer by Megasoft for all of the shares of bcgi for the price of $3.60 per share, net to the seller in cash, without interest. At the time the merger became effective, Megasoft owned in excess of 90% of bcgi's issued and outstanding shares.

Upon the closing of the merger, all remaining outstanding bcgi shares were converted into the right to receive $3.60 per share, net to the seller in cash, without interest. As a result of the merger, bcgi has become a wholly-owned subsidiary of Megasoft, bcgi shares will be delisted from the NASDAQ Global Market and will cease trading at the close of business today, and bcgi will cease to be a reporting company for purposes of the Securities Exchange Act of 1934, as amended.

About Megasoft

Established in 1994, Megasoft is a transnational intellectual property-driven, product-based technology company that focuses its expertise on the telecom sector. The company provides telecom services throughout the globe under its XIUS brand name. Listed in the Bombay Stock Exchange in India, the company has strong product engineering and product development capacities with CMM Level 5 certification and has operations in the U.S., UK, Singapore, Malaysia and Germany, and in Hyderabad and Chennai India. Additional information about Megasoft is available at www.megasoft.com and www.xius.com.