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Protus IP Solutions Ranks 17 in 2004 Deloitte Canadian Technology Fast 50
Protus Named to Fast 50 for Second Consecutive Year.

Ottawa, October 1, 2004 - Protus IP Solutions, a high-growth application service provider that offers Internet-based messaging solutions to businesses around the world, ranked 17th in Deloitte & Touche's prestigious Canadian Technology Fast 50 program. The list ranks the 50 fastest growing technology companies in Canada. Rankings are based on percentage of growth in fiscal year revenues over five years, from 1999-2003.

Protus IP Solutions CEO Joseph Nour credits an effective growth strategy and the increasing demand for simple, reliable, and powerful Internet-based messaging with the company's 1091.29 percent revenue growth from 1999-2003.

"It's an honour to be recognized for our growth two years in a row," says Nour. "The Internet-based messaging market is also growing at a fast pace and we intend to maintain our leadership position by developing communications solutions that make businesses more efficient and productive."

"The Deloitte Canadian Technology Fast 50 companies have shown the strength, vision and temerity to succeed despite a very challenging technology environment," says Gary Foster, national director, technology, media and telecommunications, Deloitte & Touche. "We applaud the successes of Protus IP Solutions and acknowledge its place as one of very few to accomplish such a fast growth rate over the past five years."

To qualify for the Technology Fast 50, companies must have had minimum operating revenues of $75,000 Cdn in 1999 and $5,000,000 Cdn in 2003. They must be controlled and headquartered in Canada and considered a "technology company" defined as owning proprietary technology that contributes to a significant portion of the company's operating revenues and/or devote a significant proportion of revenues to research and development of technology.

Winners of the 19 regional Technology Fast 50 programs in Canada and the United States are automatically entered in the Deloitte Technology Fast 500 program, which ranks North America's top 500 fastest growing technology companies. For more information on the Fast 50 or Fast 500 programs, visit www.fast50.ca or www.fast500.com.

During the past year, Protus IP Solutions:
  • Launched MyFax.com: an Internet-based fax service for the Small Office Home Office (SOHO) market that enables users to send and receive faxes from any location
  • Launched Virtual Fax: Internet-based fax for enterprise businesses that enables users to send and receive faxes securely from any location without a fax machine
In 2004, Protus IP Solutions was named to three rapid company growth rankings:
  • Profit Magazine's "PROFIT 100"
  • Deloitte & Touche's "Fast 50 Canada"
  • Deloitte & Touche's "Fast 500 North America"
About Protus IP Solutions

Protus IP Solutions - a high-growth application service provider - offers value-added voice mail, email and fax to email services to businesses around the world. Our customers are involved in every industry sector, including finance, insurance, real estate, pharmaceuticals and retail. Whether they use our services across the company or for key operational requirements, our customers rely on Protus to simplify their voice, email and fax communications. We help them reach customers more effectively, process documents more efficiently and access information with greater speed. Protus solutions are sold both directly and through a network of worldwide partners, including major service providers. On-line internet fax services are sold under the brand names of Virtual Fax for business users and MyFax for internet fax services targeted to SOHO users. Additional information is available at www.protus.com or www.myfax.com.

About Deloitte

Deloitte, Canada's leading professional services firm, provides audit, tax, financial advisory services and consulting through more than 6,100 people in more than 47 offices. Deloitte & Touche LLP, operates in Québec as Samson Bélair/Deloitte & Touche s.e.n.c.r.l. The firm is dedicated to helping its clients and its people excel. Deloitte is the only professional services firm to be named to the Globe and Mail's Report on Business Magazine annual ranking of Canada's top employers for two consecutive years: 35 Best Companies to Work for in Canada in 2001 and 50 Best Companies to Work for in Canada in 2002.


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