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TAD Telecom to use MONIES software in application service provider hosting arrangement

Duluth, Georgia (July 12, 2001) – TAD Telecom, a leader in communications personnel and services headquartered near Atlanta, GA, has signed a teaming and services agreement with Stonehouse Technologies Inc. (STI), a leader in communications management software and services.  Under the terms of the agreement, TAD Telecom will use STI’s software, Management of Network Income Expense Services (MONIES), to provide invoice management, billing charge-back/cost allocation, and asset inventory management services for the TAD customer base in an ASP environment.   

TAD and STI have a long-standing business relationship.  Since 1994, STI has been providing TAD with software service and support for the MONIES system.  This new teaming agreement will enable TAD to implement a more efficient service bureau model that will cut costs and enhance service for their customer base.  TAD’s ability to outsource software development and support to STI will allow both companies to leverage their core competencies.  STI’s MONIES software is a proven communications services management solution that is well suited for the complex requirements and customization required by TAD clients. 

“The teaming agreement between TAD and STI will help our company capitalize on the investment in the Managed Services business line through growth of new opportunities within the telecom marketplace,” said Jay Hufnagel, President of TAD Telecom.  “Through this alliance, both companies profit.  TAD can adapt our business model to sell even more service with the support of STI and the next generation of MONIES software.” 

TAD Telecom plans to use STI software for customers that are in need of complex, customized solutions to manage telecommunications assets, expenses, and processes.  Prime candidates are large companies with numerous service locations and with multiple vendors for local, long distance, wireless and data services.  In many instances, these firms find it cost effective to outsource back-office communication accounting and expense management to companies such as TAD and STI that can provide the operational expertise to manage a complete telecom system.   

 “The teaming and services agreement is strategically important for companies,” said John M. Todd, president and CEO of Stonehouse Technologies.  “For a number of years we have worked hard to establish Stonehouse as a leader

in communications services management software and service industry.  Today, it is most gratifying to be recognized by TAD Telecom for the high reliability and flexibility of our MONIES software product and our level of customer service.  By working together, both companies will grow, and our combined customer base will benefit.  TAD can supply the customer base with managed resources, and STI will provide the software and service support.”    

TAD Telecom provides the communications industry (voice, data and video) with premier personnel and project services that exceed customer expectations. TAD Telecom has the skilled personnel and technical capabilities to deliver a broad range of customized telecom services tailored to meet specific client needs and to effectively manage service delivery and day-to-day operations between customers and vendors.  The Managed Services division provides a full suite of systems, services and knowledgeable experts that specialize in managing telecom network resources designed to deliver bottom-line savings through optimization and control of telecom expenditures.  

TAD Telecom is part of Adecco, the only personnel services company in the world to offer a comprehensive range of services, from general to highly specialized staffing, temporary and permanent placement, HR consulting, and career management. Adecco operates more than 5,000 offices in 58 countries around the world. Additional information About Us Telecom and Adecco is available on the companies’ Web sites at www.tadtelecom.com and www.adecco.com.