SOURCE: Telava Networks, Inc.

March 03, 2008 08:00 ET

Telava Networks Inc. Announces a Letter of Intent to Acquire Buzzirk Wireless and E-Verge International Inc.

SAN FRANCISCO, CA--(Marketwire - March 3, 2008) - Telava Networks, Inc. (OTCBB: TLVA) announced today the Company has signed a Letter of Intent to acquire Buzzirk Wireless, Inc. (Buzzirk) and E-Verge International, Inc. (E-Verge). The acquisition is consistent with the Telava Strategic Business Plan, designed to build enterprise value through organic growth, and select acquisition opportunities associated with cross-functional integration of the complementary core competencies.

In announcing the transaction, Mr. Baldwin Yung, President and CEO of Telava, said, "With our current operations along with those of Buzzirk and E-Verge, we take the next step in providing new and enhanced services to our current and future customers. This strategic merger will provide the next step in our strategic growth initiative." Mr. Ted Robbins, President of E-Verge, added, "We are extremely pleased and excited about the merging of our companies with the tremendous amount of synergies and joint technologies from each company that will accelerate our sales and growth capabilities immediately."

E-Verge International, Inc., through its proprietary technology, provides a massive sales channel and electronic distribution of products and services through referral and retail sales. Additionally, the Company has a strong rapidly growing customer base that spans 40 countries along with a positive cash flow operation, which further strengthens the consolidated financials of Telava Networks Inc.

About Buzzirk Wireless, Inc. and E-Verge International, Inc.

Buzzirk and E-Verge currently provide enhanced communications services consisting of VOIP connectivity between Buzzirk users as well as low-cost interface to traditional fixed-line and mobile telephones in residential, small business and enterprise settings bringing the end user content rich platforms and services creating retention that is not seen in the cellular industry. Buzzirk and E-Verge have set the new standard in cellular communications that were seen and featured at the 06 Emmy awards.

About Telava Networks, Inc.

Built on carrier-class network infrastructure, Telava Networks, Inc. is an Integrated Communications Provider (ICP) of wireless broadband connectivity for next-generation fixed and mobile innovative applications. Headquartered in San Francisco, Telava has launched wireless high-speed Internet services in both metro and rural markets. The Company owns a wireless broadband network covering more than 40 cities and 22 states. Additionally, Telava's wholly owned subsidiary IBFA, has local service authority in: Arkansas; California; Connecticut; Georgia; Illinois; Kentucky; Michigan; New York; Tennessee; Texas; and Wisconsin. IBFA provides long distance services in all 50 States, and ISP services in all markets they serve. The Company has offices in San Francisco, Chicago, China, South Korea, and the Philippines.

This News Release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove correct.

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