DAX Technologies Hires Two Industry Veterans for Chief Marketing and Global Sales Roles

Company expands management team to further capitalize on growth of customer experience management within the telecom sector

MATAWAN, N.J. AUGUST 16, 2010 - DAX Technologies, a provider of customer experience management software solutions for mobile operators and government organizations, today announced the appointment of Brion Feinberg as its chief marketing officer and executive vice president of product management, and Jeffrey Moulton as its executive vice president of global sales, effective immediately.

In this role, Feinberg is responsible for the strategic and tactical direction of the company's products that provide customer experience management (CEM) software solutions for telecommunication service providers. Brion has over 30 years of experience working on management systems for telecommunications services, working with mobile operators, VoIP systems and internet service providers. Through his earlier work with Lucent Technologies/AT&T, Brion has been awarded four patents in the areas of congestion management for voice and data networks, using network data for directed marketing efforts, and implementations of multi-party revenue sharing models. Brion holds a Bachelor of Science degree from Princeton University and a PhD in engineering-economic systems from Stanford University.

As executive vice president of global sales at DAX Technologies, Moulton leads the company's global sales activities where he works closely with customers to support their evolution towards a more customer centric network and support framework. Prior to joining DAX Technologies, Moulton held senior sales positions at Ericsson, Marconi and Lucent Technologies, selling a full portfolio of products and services to global operators, cable companies and enterprise customers. He also has extensive product management and engineering experience while working at AT&T, primarily in transport and networking solutions. Moulton holds a Master of Business Administration degree from Northeastern University and a Bachelor of Science degree in civil and environmental engineering from Clarkson University.

"The wealth of wireless experience that both Brion Feinberg and Jeffrey Moulton bring to DAX is key to accelerating our growth, particularly as we continue to attract carrier business across the globe," said Frank Galuppo, chief executive officer at DAX Technologies. "Their expertise will be valuable in helping DAX extend its presence, build its reputation within the wireless and government industries and further enhance the success of our sales efforts."

FRANK GALUPPO APPOINTED CEO OF DAX TECHNOLOGIES

Seasoned telecommunications veteran assumes leadership role with industry-leading IT software solutions developer

MATAWAN, NJ, May 11, 2010 -DAX Technologies, a provider of customer experience management software solutions for mobile operators and government organizations, today announced the appointment of Frank Galuppo as its CEO, effective immediately. In his role as CEO of DAX Technologies, Mr. Galuppo will play a dynamic role in shaping business strategy, as well as overseeing company operations.

A seasoned veteran, Mr. Galuppo brings with him more than 40 years of senior-level telecommunications industry expertise, including strategic corporate leadership, product portfolio design and development, and global sales and marketing management. Prior to joining DAX Technologies, Mr. Galuppo served as Executive in Residence for Omni Capital Ventures, a venture capital firm focused on early-growth stage IT and telecommunication technology companies, and CEO of Amedia Networks, overseeing the company's development of advanced home gateway technologies for delivery of high-speed broadband services.

In addition to his experiences at Omni Capital Ventures and Amedia Networks, Mr. Galuppo also served as a long-time member of the Alcatel-Lucent Technologies management team, having been tapped for a number of critical roles by the global telecommunications leader. During his tenure at Alcatel-Lucent, Mr. Galuppo held positions as the Managing Director of the company's product development center in Nuremberg, Germany, Vice President of the Dense Wave Division Multiplexing business unit, and President of its Optical Networking division.

"With DAX Technologies' current upward trajectory in the marketplace, it is essential that we continue to build a leadership team that is dynamic, nimble, and forward-looking," said DAX Technologies founder, Dragos Alexe. "Frank's demonstrated capacity for visionary leadership and global management abilities will enable us to build upon our existing culture of innovation and excellence, driving DAX Technologies to even greater heights."

Mr. Galuppo holds a Bachelors degree in Business Administration from New York's prestigious Pace University.