May 15, 2002

Paragon Networks Continues Its International Expansion into Europe and Canada

Brookfield, CT, - Paragon Networks, an innovator in transmission networking infrastructure for Wireless Service Providers, continued its worldwide expansion with the recent announcement of its strategic expansion into two new geographical markets: Canada and EMEA (Europe, Middle East, Africa). This expansion is driven by the company's success in other international markets and the initial customer acceptance of Paragon's solutions in these new markets.

"Canada and EMEA are two relatively untapped markets primed for our backhaul network solutions aimed at mobile wireless service providers," reported Reini Florin, Paragon Networks Senior Vice President of Sales, Marketing and Customer Support. "Paragon Networks has enjoyed tremendous growth in the US over the last three years, which has enabled us to expand into other regional markets. In the last six months, we've doubled our North American sales force, expanded our presence in Latin America, and launched successful initiatives in Asia Pacific."

Continued Mr. Florin, "Our growing success has been a catalyst for our continuing international expansion. Starting with our penetration of the Latin America and Asia Pacific markets in 2000, Paragon Networks has continued its ongoing rollout of international sales and customer support offices in other regions."

The company's expansion includes two strategic appointments. Joe Ashton has recently joined Paragon Networks as VP of North America Sales, covering all of the US and Canada. Mr. Ashton was previously VP of North American Sales at Accelerated Networks. According to Mr. Ashton, "Paragon Networks' success has been driven by its commitment to focus on customer needs. We are building upon the success we've had with the top US wireless service providers and will be focusing on bringing value to service providers across Canada as well."

Another recent appointment is Alf Young who joined Paragon Networks as Director of Business Development & Sales for EMEA (Europe, Middle East, Africa). Mr. Young was most recently Director of International Marketing for Westell. "I am excited to have the opportunity to expand the worldwide presence of Paragon Networks," stated Alf. "Paragon offers wireless service providers in EMEA a unique value proposition to expand their networks, while at the same time, reduce recurring costs and improve network reliability."

Along with the recent additions in North America and EMEA, Paragon Networks now has local sales and support offices in Beijing, Singapore, Mexico City, and Sao Paulo, Brazil, as well as various locations throughout the United States and Canada.

About Paragon Networks
Paragon Networks manufactures products that, using either wireline, wireless, or optical transmission facilities, provide voice and data service connectivity, performance monitoring, compression, aggregation, layer 3 routing, quality of service filtering, and protection switching of both client and operations support systems traffic. Leading global wireless service providers such as Verizon, Cingular, Sprint PCS, Telcel, Nextel, and others around the world utilize Paragon Networks' products and technologies. Designed specifically for wireless service providers (WSP), Paragon Networks' suite of backhaul solutions enable the rapid deployment of voice and data services and provide a migration path to 3rd Generation networks.

Paragon Networks is a privately held company with ownership shared between leading venture capital companies and its employees. Headquartered in Brookfield, Connecticut, Paragon Networks distributes its products worldwide through a network of both direct and indirect channels.

For more information, visit Paragon Networks' web site at www.paragon-networks.com or contact:

Lisa DeVoto
Marketing Communications Manager
Paragon Networks
Telephone: (203) 740-3650
ldevoto@paragon-networks.com

Mark Agovino
Product Marketing Director
Paragon Networks
Telephone: (203) 740-3650
magovino@paragon-networks.com