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Successful Mobile Asset Tracking Solution Implemented by Velagio and Fulcrum at One of the Nation's Largest Wireless Telecommunications Providers SEATTLE--June 25, 2003--Velagio, Inc. (Velagio), a business solutions provider, and Fulcrum Technologies, Inc. (Fulcrum), a telecommunications industry leader in automated mobile network asset tracking solutions, today announced they have successfully completed a major contract with one of the United States' top 5 largest wireless telecommunications providers. The decision to choose Fulcrum coincides with the customer's need to efficiently and accurately manage all of the equipment that is being deployed as part of a multi-billion dollar GSM (Global System for Mobile communications) overlay initiative. "Given implications of the Sarbanes-Oxley Act of 2002 on financial controls, the accuracy and timelines of tracking field inventory and deployed assets is now more critical than ever before. CFO's and Internal Audit teams must verify that these assets are tracked and accounted for properly," said Kurt Underwood, CEO of Velagio and former senior vice president and partner for KPMG Consulting (BearingPoint). Velagio and Fulcrum successfully completed a nationwide implementation of Fulcrum's CATS(TM) software solution that was fully integrated with Oracle applications by Velagio. Furthermore, Fulcrum will work with the customer to become the "front end" solution to their current operational support systems, thereby streamlining processes and procedures, to reduce countless hours of paper work and data entry. CATS leverages bar-code technology and mobile computing devices which will provide a complete view of in-service and spare inventory. CATS also automates the repair/return process and provides accurate information about the location and status of network assets. Fulcrum's specific focus on telecommunications, along with years of experience working with dozens of other telecom companies, made them a perfect choice for this project. "Fulcrum selected Velagio because of their solutions-oriented approach, in-depth understanding of the mobile enterprise applications and extensive knowledge with the Oracle Applications business model, workflow and database structure. It is great to be working with a recognized business and technology solutions provider like Velagio," said Fulcrum CEO, Brent Bauer. "Our completed CATS implementation offers Fulcrum an opportunity to prove that current market conditions have not deterred the need for tools that help customers improve their bottom lines quickly." About Velagio Velagio is a business solutions provider with management consulting and technology services in strategy, business process and enterprise applications. Broadband in Motion(TM) -- Velagio's mobile enterprise applications software suite includes CRM (customer relationship management) applications that are developed with industry leading mobile technology from Microsoft and Sun Microsystems. Velagio's development operations (Innovation Centre), located in Portland, Ore., showcase strategic partnerships with hardware and software development companies that look to Velagio for secure, well-designed, high quality, standards-based software development. For more information, please visit www.velagio.com. About Fulcrum Technologies, Inc. Fulcrum is a private, Seattle-based company that provides asset tracking and materials management solutions to the telecommunications industry. Founded in 1998, the company provides the software, mobile computing hardware, and Professional Services necessary to help telecommunications providers manage their network assets. Fulcrum has installed its software for over thirty (30) wireless and landline companies throughout the U.S. Visit Fulcrum Technologies on the Web at www.fulcrum.net