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VENTUS NETWORKS SIGNS CONTRACTS WITH JOHNSON SPACE CENTER AND SAN ANTONIO CITY EMPLOYEES FEDERAL CREDIT UNIONS FOR CDMA FINANCIAL ROUTING

NORWALK, CT  November 11, 2004 - Ventus Networks has signed contracts with the Texas-based Johnson Space Center Federal Credit Union and San Antonio City Employees Credit Union to provide a new cellular transport service designed for ATM's.  The arrangement includes Ventus wireless service utilizing VFN cellular routers and VNet Constant-Connect operating software.

"We are pleased to provide our Secured Cellular Transaction Routing service to both of these established credit unions.  Johnson Space Center and San Antonio City Employees Federal Credit Unions are the newest additions to out list of other distinguished financial institutions that have already entrusted us to deliver their sensitive financial data traffic", said Ron Riva, Vice President of Ventus Networks.

Ventus Networks high-speed cellular transport solution operates in conjunction with TCP/IP and legacy protocols, enabling any remote device to communicate through a single network scheme.  Ventus cellular transport operates over a private cellular (800 MHz) and PCS (1900 MHz) infrastructure and is designed for businesses that have portfolio of deployed devices facilitating financial transactions.

Ventus uses its proprietary VFN wireless series routers and VNet Constant-Connect software enabling operation in all GSM and CDMA2000 environments.  The cellular transport service operates as part of a virtual private network protected by enhanced network encryption and key exchange security and firewalls that Ventus includes as part of the service offering.  Ventus Cellular transport service can be utilized on any ATM/Point of sale terminal or transactional kiosk.

"We are most excited about the ability this will give us to deploy new machines.  No longer will we have to wait for the local phone company to run and test a data circuit and then get the building owner to extend the d-mark for us to the ATM location (usually 2 to 3 week process if all goes well).  With the Ventus solution all you need is a power connection at the ATM location", said Steve Branstetter, Executive Vice President of Johnson Space Center Credit Union.

Monitored at Ventus' Operations Center, the network allows for seamless transaction routing between device and host processor.  Ventus Networks will provide the cellular transport, VFN Routers and ongoing network monitoring and support.

"The cost-savings alone made moving to a wireless environment for our ATMs is a very easy decision for CECU.  The Ventus Networks cellular routers combined with its transaction routing network offers us a perfect end-to-end solution, "said Bill Bohlke, CECU Vice President of MIS division.

About Ventus Networks
.Ventus Networks with headquarters in Connecticut, provides a global fixed wire and cellular telecommunication networks including a suite of managed service solutions.  Ventus Networks secure cellular CDMA/GPRS (wireless) data network is designed for the transportation of sensitive financial orientated data traffic and is capable of operating in a wide variety of accepted communication protocols.  Ventus Networks is a 2004 winner of the Deloitte & Touche Ft 50, Rising Star category for technology companies in North America.  For more information regarding Ventus Networks and their suit of services, or more information regarding cellular financial transaction routing please visit our web site at www.ventusnetworks.com or call (800)736-8720.
 
About Johnson Space Center Federal Credit Union
JSC Federal Credit Union was originally chartered to serve employees of Johnson Space Center in Houston.  From this beginning over 40 years ago, JSC Federal Credit Union has grown to be one of the largest credit unions in the Houston area, serving over 71,000 members in the Clear Lake, League City, Ellington, Friendswood, Texas City, Pasadena, and Galveston areas.                                                                            
 
About Johnson Space Center Federal Credit Union
San Antonio City Employees Federal Credit Union, highly capitalized and financially sound since its inception  in 1940, is a high-tech credit union with underpinnings steeped in traditional Credit Union philosophy.  It is currently a mid-sized, full service institution with a specific, readily defined field of membership, locally oriented, but accessible remotely through a number of high-tech delivery vehicles.                                                                          

Media Contact

Lynda Barton, Ventus Networks, (203) 642-2714, lbarton@ventusnetworks.com




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