County of St. Louis Capitalizes on New Telecommunications Technology from Telesoft Corp.
Web-based call accounting software captures countywide telecom costs to reduce and control expenses.

PHOENIX, AZ. (November 12, 2002) Telesoft Corp., the leader in telecommunications management, expense validation and error recovery, announced a new agreement with County of St. Louis Minnesota. The County has contracted Telesoft Corp. to install software for managing telecommunication expenses that accurately charges back county departments based on actual usage called TelMaster Telemanagement Systems.

TelMaster will accurately charge-back to County departments all long distance, cellular, pager, calling card and other telecom expenses, provide an automated countywide directory and identify fraud, misuse and abuse. The automated software system provides authorized county employees access to their telecom expenses and other critical telecom data to reduce and improve control over these expenses.

"We've helped many cities and counties get a grasp on their telecom costs and take control of this spiraling expenditure", said Ron Babich, Director of Business Deveopment & Marketing. "Every county, city or state agency that has installed our solutions has experienced significant expense reductions and improved operations".

Telesoft Corp. provides billing and customer care solutions to educational institutions, corporations and government agencies.

This report contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements including uncertainties regarding the effectiveness of initiatives to sell, introduce and implement the TelMaster product and to maintain our Student Telephone Services customer base. Certain factors which may cause such a difference include, but are not limited to, the following: the impact of increased competition from competitors with significant financial resources and market share; and the amount and rate of growth in general and administrative expenses associated with building a strengthened corporate infrastructure to support operations.