Fast-Talk Communications Names President and CEO, CFO

ATLANTA, GA - Fast-Talk Communications, developers of technology for searching and mining audio, announced Ray S. Naeini has been named the company's president and CEO. Naeini will lead a seasoned management team focused on the further development of solutions for intelligence gathering and surveillance, quality control and business compliance and advanced knowledge management applications that use Fast-Talk's proven technology for searching, indexing and processing audio recordings. "Despite significant advances in all areas of information technology, little attention has been paid to the world's most prevalent form of communication - verbal expression," said Naeini. "Fast-Talk's unique and revolutionary technology transforms audio into 'data' using the true phonetics that all speech is based upon, instead of the unreliable speech-to-text conversion methodology, with an ultimate goal of uncovering knowledge and creating value. By doing so, organizations can leverage the immense power of technology against their vast storehouses of audio in order to simplify, empower and enrich all of their operations." Naeini joins the company with nearly 25 years of experience within the global software and telecommunications sectors. Formerly, Naeini served as the president of the Network Solution division of Intervoice, a $250M, NASDAQ-listed company based in Dallas, Texas, where he grew the provider of integrated voice/data solutions for the telecommunications market from $13M to over $150M in less than five years. Prior to Intervoice, Naeini served as the president of Intellicall's Network Group, and he also co-founded Flexible Computer Corporation and helped lead the company through its successful IPO. In addition, Naeini has also held senior executive positions with Network Access Corporation, Nortel and Honeywell. "Ray's extensive background across all facets of the technology market, long-term vision and consistent success in leading high-growth companies makes him the perfect choice to lead Fast-Talk Communications," said Fred Sturgis of H.I.G. Ventures, a member of the Board of Directors of Fast-Talk Communications. Jean-Yves Lagarde, a Partner with Boston Millennia Partners and another member of the Fast-Talk Board added, "In just a short time period, Ray has made a significant impact in fully commercializing the company's technology, enhancing its partner program, and broadening its targeted marketing with these efforts yielding significant benefits, His vision and strategy for the company will allow Fast-Talk Communications to capitalize on the significant opportunities available to the company based on its revolutionary technology." The company also announced the appointment of Jon W. Ezrine to the position of chief financial officer and senior vice president of business development. In this role, Ezrine oversees Fast-Talk's financial planning, accounting, human resources and investor relations operations, and is charged with creating the corporate infrastructure needed to support the rapidly growing company. He is also responsible for the development of major strategic alliances and partnerships. Ezrine joins Fast-Talk from Witness Systems, an enterprise software company focused on workforce optimization and customer intelligence applications for call centers, where as CFO, he oversaw the company's financial operations from early stage development through its IPO and emergence as a publicly traded company. Prior to Witness Systems, Erzine served as the Controller for Clarus Corporation. Ezrine is a Certified Public Accountant in the State of Georgia. "In little more than two years, Fast-Talk Communications has leapfrogged the competition to emerge as the industry leader in audio searching and processing," said Ezrine. "This has placed Fast-Talk in an enviable position as the first company to truly allow organizations to effectively manage their audio knowledge. I look forward to contributing to Fast-Talk's continued growth and success through the development of scalable delivery models that will allow the company to continue to deliver results to its customer base, but on a much broader scale."