Intec one of 500 fastest growing companies in Europe

– Outstanding employment growth earns Intec 64th place on 2004 Europe’s 500 Listing –

London, October 21, 2004 – Intec, a global supplier of Operations and Business Support Systems (OSS/BSS) for the telecoms industry, today announced that it has been listed 64th among the fastest growing European companies included in the 2004 Europe's 500, an annual listing endorsed by 3i, Microsoft, Boston Consulting Group, and PricewaterhouseCoopers and published by Europe’s Entrepreneurs for Growth.

“Intec’s continued growth comes as a result a combination of world-class products and a strong focus on delivering value to over 450 customers worldwide,” added CEO Kevin Adams.

Europe’s 500 list shows that growth is not industry specific but is driven by talented, innovative, risk-taking entrepreneurs. The highest number of champions of growth in the 2004 Europe’s 500 is found within manufacturing (industrial goods) and industrial services sector at 30% of the five hundred companies, followed by IT services (15%) and management services (10%). Intec is one of 77 companies in the IT sector who managed to qualify for Europe’s 500.

“Given the economic environment of the last few years, Intec’s continued growth is a real achievement. Europe needs to stimulate employment through more fast growing companies like Intec. We believe that these champions of growth should be recognized as role models,” said Philippe Leonard of Europe’s 500.

The Europe’s 500 listing identifies rapidly growing European companies for their employment creation and rapid growth. Intec will be officially recognized and honored for its remarkable business achievements and growth in employment at the Europe’s 500 Awards Dinner on December 7, 2004 in Paris.

About Europe’s 500
Europe's 500 was first published in 1996 as an initiative of the association also called Europe’s 500 (now known as Europe’s Entrepreneurs for Growth) and has been published on an annual basis ever since. During this time, more than 3,000 of Europe’s high growth companies have received the accolade of being one of Europe's 500 champions of growth. The listing is intended to focus attention on entrepreneurial achievement and fast-growth European companies. Its focus on job creation and growth in medium-sized enterprises is unique and distinguishes it from other business rankings. Full information and the complete 2004 Europe’s 500 Listing can be found at: www.europes500.com

About Intec
Intec is a leading OSS product vendor for fixed, mobile and next-generation networks (i.e. WLAN, 3G and IP), with more than 650 installations of its products worldwide in 450 customers. Founded in 1997, Intec was listed on the London Stock Exchange in June 2000. Intec is a market leader in inter-carrier billing systems and convergent mediation software, and has recently acquired strong capabilities in retail billing, IP billing and real-time mobile service charging and control. For the year ended 30 September 2003, Intec reported revenues of £50.7 million, with adjusted net earnings after tax of £4.1 million.

Intec’s product portfolio includes:
· Singl.eView™ – dynamic transaction management/retail billing;
· Inter-mediatE™ – convergent billing mediation solution;
· InterconnecT™ – inter-carrier billing including US CABS and ITU-based settlement;
· Inter-activatE™ – flow-through provisioning and activation;
· InterconnecT CPM™ – end-to-end content partner management; and
· Intec DCP™ (Dynamic Charging Platform) – real-time pre/post-paid charging.

For more information on Intec and its products and solutions visit www.intecbilling.com.

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