Pannaway Networks Completes Move to New Corporate Headquarters
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[June 19, 2008]

Pannaway Networks Completes Move to New Corporate Headquarters

(Marketwire Via Acquire Media NewsEdge) PORTSMOUTH, NH, June 19 / MARKET WIRE/ --

*Pannaway Networks, designers and developers
of next-generation Ethernet/IP Multi-Service Access Platforms for
telecommunications service providers, today announced the grand opening of
its new corporate headquarters in Portsmouth, New Hampshire. This expansion
comes on the heels of a busy twelve-month period which included the
acquisition of Telstrat's Access Business Division, the launch of new
access platforms and a 300% increase in telecom service provider customers
year-over-year.

"Our new facility allows us to accommodate our current and new employees,
consolidate and further enhance our laboratories, expand our training
facilities and provide space for further growth," said Mark Carpenter,
president of Pannaway. "Our thanks to the IOC community whose continued
support is fueling our growth plan."

Pannaway's new facility is conveniently located across the street from
their former location. The new address is 230 Commerce Way Portsmouth, NH
03801.

About Pannaway Networks

*Pannaway Technologies, Inc., is now doing business as Pannaway Networks.



Pannaway Networks delivers customer-proven broadband access solutions that
enable its 300-plus telecommunications service provider customers to
seamlessly evolve their legacy networks to Ethernet/IP -- "at-will." Based
on industry-standard IP (Internet Protocol) and Ethernet technologies,
Pannaway's comprehensive Service Convergence Network (SCN(TM)) architecture
is proven to help service providers compete more effectively and ensure a
next-generation network that will support emerging, bandwidth intensive
services and applications for decades to come.

For more information, please visit www.pannaway.com.



Contact:
Dale Allaire
BridgeView Marketing
for Pannaway Networks
603-766-3681Email Contact

Copyright ? 2008 Marketwire

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