Former CEO Of Sprint Canada And MCI Division President To Join NISCO

Kevin Bennis Joins Board of Directors

FAIRFAX, VA – August 25, 2004 – NISCO today announced that Kevin Bennis, President of KB Advisors and former President and CEO of Sprint Canada has joined its Board of Directors.

Mr. Bennis brings over 28 years of telecommunications and leadership experience with him as he served in executive levels for Sprint Canada/Call-Net Enterprises, Pathnet, MCI and Frontier Communications.

"Kevin is an innovative thinker and tremendous proponent for information technology solutions," said NISCO’s CEO Sundeep Sanghavi. "I believe his leadership and experience will be invaluable to NISCO as we continue our rapid growth in deploying our industry leading software and services for enterprise wide cost management."

Prior to forming KB Advisors in 2001, Mr. Bennis served as President and CEO of Sprint Canada/Call-Net Enterprises Inc, the largest non-Bell long-distance competitor in Canada. Call-Net, a publicly traded company, had over one million residential customers, over 100,000 business customers and 180,000 Internet subscribers. Before joining Sprint Canada, Mr. Bennis was the President of Pathnet where he participated in a $350 million high-yield offering and a $2.1 Billion financing agreement with Lucent Technologies.

Mr. Bennis also spent over 21 years with MCI serving in various senior management positions; including SVP of Business Marketing, President and COO of Avantel and President of MCI’s System Integration Division. Bennis is also a member of the board of directors at Anystream and is a lead board advisor at 10e Solutions, a software company that provides telecom companies with “on-demand” profitability analytical solutions and business process improvements.

About NISCO

Based in Fairfax, Virginia, NISCO is focused on delivering the only 100 percent paperless and J2EE web-based enterprise financial assurance management platform. Named as a finalist for the 2004 American Business Awards Best Product of the Year, NISCO's software platform is designed to perform complete procurement to payment processing, while providing visibility to valuable financial data and analysis. NISCO prides itself in providing managed service and technology solutions that pay for themselves in less than twelve months. Clients include several Fortune 100 companies, as well as the largest IT consulting company in the world. Founded in 2001, NISCO combines superior technology with unparalleled cost management expertise to deliver optimal solutions for enterprise, telecommunications, and government clients. NISCO (www.niscosolutions.com) is a privately-held company and has offices in Fairfax, VA; Bangalore, India; San Ramon, CA; Denver, CO; Woodbury, CT; and Rochester, NY.

NISCO Public Relations Contact
Rachel Kelley
(703) 995-5900