Best Performing Companies of 2004

26th January 2005

London, UK, 26th January, 2005 VegaStream has been selected as one of the best-performing and innovative high-tech private companies of Europe and Israel in the fourth annual Tornado100 list. VegaStream headquartered in the UK, was founded in 1998 and is a world leading manufacturer of VoIP gateways.

"We are honoured that our efforts have been recognized by Tornado Insider in its ranking of the Top 100 start-ups in Europe and Israel," said Tim Burne, CEO of VegaStream. "The award acknowledges the fact that our top-quality team has developed a range of superior products and recognizes the momentum they have in the marketplace."

The 2004 Tornado100 list can be found on the website of Tornado Insider (www.tornado-insider.com), and includes a profile of VegaStream and the other 99 most promising and innovative emerging companies in the European IT and biotech sectors.

"The companies Tornado Insider selected are Europe's technology stars," said Niels Valkering, Tornado Insider's Head of Research. "Combining internal analysis with advice from industry specialists, we identified the elite of Europe's high-tech entrepreneurial vanguard, appreciating excellence both in innovative, commercial and financial performance. Watch these companies in 2005, as the technology they are commercializing today will change tomorrow's trends."

The selection of the 2004 Tornado100 Winners from thousands of candidates was judged according to the following criteria:

• Delivering an innovation that shows the promise to set new standards
  
• Creating a major new audience
  
• Supplying a key piece of the ICT infrastructure
  
• Commanding a significant customer base
  
• Having the potential to become a global brand or standard
  
• Influencing a major market
  
• Receiving a significant amount of funding
  
• Having a strong valuation for a lucrative exit
  
• Having a management with previous successful exit experience

The list was announced during the Tornado Insider/World Financial Symposiums T100 Leadership Forum. This event took place January 26th, 2005 in London and was a gathering of technology CEOs and CFOs eager to gain insights on how to lead their enterprise and their careers to more effective and positive outcomes.

For additional information please contact:

Mark Weeks
Mark Weeks Associates (for VegaStream)
+44 77 7188 7041
mark.weeks@vegastream.com