Nuvo Network Management Inc.
TSX VENTURE : NVO

Nuvo Network Management Inc.

August 20, 2007 08:01 ET

NUVO Wins $2.6M Contract

Remote Management of 7,500 IP Phones

OTTAWA, ONTARIO--(Marketwire - Aug. 20, 2007) - NUVO Network Management Inc., (TSX VENTURE:NVO), a leading managed services provider of solutions that MAXimize IT availability and performance, today announces that it has won a new business contract with a large US based company to manage its network and 7,500 IP Phones.

The new business contract is worth $2.6M to NUVO over a 60-month term. The roll out of the managed services under this contract will commence in August with a planned completion by the end of this calendar year.

NUVO will provide 24x7 remote monitoring and problem management for the WAN, LAN and over 7,500 IP phones located in over 800 locations throughout North America, as well as IP phone Help Desk support. NUVO is providing this service remotely from its secure operation center in Ottawa. NUVO will also deploy MAXadvantage, NUVO's on-demand, web-based, Network Management Solution to provide the customer with access to performance reporting, change management and problem tracking capabilities.

"This large organization required an integrated solution to manage and track performance for their WAN, LAN and IP phone infrastructure", said Phil Weaver, NUVO's President and CEO. "They needed a managed services supplier that could demonstrate a high quality track record for their services, could provide effective management of problems while maximizing network availability and could handle the number of devices and the number of locations. NUVO was able to demonstrate that we are perfectly suited to address the network and IP management needs of this type of large, geographically dispersed organization."

About NUVO

NUVO provides remote management and protection of IT infrastructures for businesses worldwide to maximize the availability of their computing infrastructure. NUVO enables our customers to excel by delivering fully integrated, proactive management software, services and business data. This provides the critical information needed for effective analysis and decision-making to maximize performance and control costs. NUVO achieves this through certified experts, best-of-class technology, deep integration, highly automated processes, and best practices in a 24x7, resilient infrastructure. www.nuvo.com.

Forward Looking Statements

This press release contains forward-looking statements that involve significant risks and uncertainties. The actual results, performance or achievements of the Company might differ materially from the results, performance or achievements of the Company expressed or implied by such forward-looking statements. Such forward-looking statements include, without limitation, those regarding the estimated aggregate revenue that may be earned by the Company under the contract. The contract value in this release is based on current information available and we can provide no assurance that the total payments received under the contract will not be changed or be reduced over the life of the contract. For a more detailed discussion of related risk factors, please refer to our public filings available at www.sedar.com

The TSX Venture Exchange has neither approved nor disapproved the content of this press release.

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