CGN Cognitronics Corp

DANBURY, Conn., Nov. 22 /PRNewswire-FirstCall/ -- Cognitronics Corporation (AMEX:CGN) announced today that the previously announced acquisition of ThinkEngine Networks, Inc. has been completed in a stock, cash and note transaction aggregating approximately $4.7 million. "With the finalization of this acquisition, ThinkEngine's advanced call processing technology, which provides TDM to IP gateway, conferencing, media server and voice recognition functionality into one platform together with Cognitronics' CX Network Media Servers creates a leadership position in the Advanced Intelligent Network to Voice over Internet Protocol (AIN to VoIP) voice processing market," said Brian J. Kelley, now president and chief executive officer of both Cognitronics and ThinkEngine. "From a market perspective, this transaction represents diversification for Cognitronics. We now have a broader product offering which leverages our core AIN expertise with a purpose-built, SIP-based, VoIP solution. We intend to market the VSR1000 to our existing customers and, as importantly, diversify into new markets with new channel partners. "The integration of Cognitronics and ThinkEngine began immediately and is expected to be completed in the first quarter of 2006. Customers of both companies can expect a seamless transition that will result in a stronger company with state-of-the-art technology expertise," concluded Mr. Kelley. Cognitronics is a leading supplier of media server solutions to the telecommunications industry. The company's Cognitronics Exchange Network Media Servers (CX Series) and VSR1000 are a cost-effective and highly scalable family of carrier class media server platforms, delivering advanced network media solutions in VoIP networks as well as in traditional AIN and TDM circuit switched environments. For more information, visit the company's website at http://www.cognitronics.com/. Statements contained herein which are not historical facts are forward- looking statements. The forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve a number of risks and uncertainties including, but not limited to, the continuance of reduced capital expenditures throughout the telecommunications market, variability of sales volume from quarter to quarter, product demand, market acceptance, litigation, risk of dependence on significant customers, third party suppliers and intellectual property rights, risks in product and technology development and other risk factors detailed in the company's Securities and Exchange Commission filings. DATASOURCE: Cognitronics Corporation CONTACT: Harold F. Mayer for Cognitronics, +1-203-830-3494 Web site: http://www.cognitronics.com/

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