Paragon Wireless Receives TMC Labs 2006 Innovation Award
from INTERNET TELEPHONY^® Magazine

Paragon Wireless’ hipi™  Singled Out for Outstanding Innovation

June 26, 2006 – Richardson, TX  — Paragon Wireless announced today that Technology Marketing Corporation’s TMC Labs division named the Paragon Wireless hipi™ dual-mode phone as a 2006 Innovation Award winner from INTERNET TELEPHONY magazine.

“We are extremely excited that Paragon Wireless and our hipi™ phone have been chosen as innovation award winners,” said Ilkka Pouttu, Vice President, Paragon Wireless.  “TMC does a tremendous service to the industry by examining a myriad of products in the VoIP space and recommending those they feel are significantly ahead of the industry as a whole.  Our hipi™ phone is a dual-mode phone enabling users to communicate in ways they never have before, by enabling one phone to function as both a cellular and VoIP communications handset,” said Pouttu.

“Paragon Wireless has clearly demonstrated to the staff of TMC Labs that Paragon Wireless’ product and services are truly innovative in the burgeoning VoIP/IP telephony industry.  Never before in this industry has there been a greater need to highlight the most inventive VoIP products and services,” said Rich Tehrani, Group Publisher and Editor-in-Chief of INTERNET TELEPHONY.

“The TMC Labs Innovation Awards are based solely upon the uniqueness of the company’s offering or how pioneering the particular product or service is.  It is not based on company revenue or number of products sold.  It is based on the concept that the hipi™ is innovative.” according to Tom Keating, CTO and TMC Labs Editorial Director.

Keating continued, “Paragon Wireless and their hipi™ dual-mode phone deserves this great honor for creating a ground-breaking VoIP product or service.  I look forward to seeing other innovative solutions from Paragon Wireless as they continue to contribute to the future of the VoIP/IP telephony marketplace.”

The TMC Labs 2006 Innovation Award highlights will be published in the July 2006 issues of INTERNET TELEPHONY magazine.

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About Paragon Wireless Inc.
Paragon Wireless delivers customizable, cost-effective VoWLAN handsets and solutions, which are readily deployable with a user-friendly interface.  Paragon Wireless is funded by leading VC firms and managed by experienced industry leaders.  With our first-to-market commercialization of SIP/IMS-based dual-mode solutions for both GSM and CDMA, Paragon Wireless addresses the market with an extensive IP portfolio and standards-compliant innovations.  For more information on Paragon Wireless, please visit us on the web at www.parawireless.com or email Brooke Greenwald at brooke@cornerstonepr.net.

About TMC®
Technology Marketing Corporation (TMC) publishes four print publications: Customer Interaction Solutions, INTERNET TELEPHONY, SIP Magazine and IMS Magazine. TMCnet, TMC's Web site, is the leading source of news and articles for the communications and technology industries. Ranked in the top 1,400 sites in the world by alexa.com*, TMCnet serves more than one million unique visitors each month. TMC is also the first publisher to test new products in its own on-site laboratories, TMC Labs. In addition, TMC produces INTERNET TELEPHONY Conference & EXPO, The VoIP Developer Conference, VoIP Demo, IMS Expo and Call Center 2.0 Conference. TMCnet.com publishes more than 15 topical online newsletters. For more information about TMC, visit www.tmcnet.com. (*alexa.com is an amazon.com company that ranks Web sites by their traffic levels. Neither alexa.com nor amazon.com is affiliated with TMCnet.)

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