Acquisition Enhances Corporate Growth Through Increased
                           Customer Base

NEW YORK, Dec. 27, 2011 (GLOBE NEWSWIRE) -- Stage 2 Networks, a cloud
communications leader in the New York metropolitan area with a
portfolio of hosted voice and data services, today announced that it
has acquired the hosted VoIP business division of Consolidated
Technologies, Inc. (CTI), a converged technologies company and Avaya
gold partner. The acquisition allows for both companies to focus on
their core areas of strength with Stage 2 Networks expanding its hosted
VoIP enterprise and CTI strengthening its system integration business.

"We are excited to announce a deal that furthers our mission to become
New York's leading cloud communications provider. This is a perfect
opportunity for both companies to grow our organizations and
concentrate on our primary services," said Joseph P. Gillette, CEO of
Stage 2 Networks and a founding member of the Cloud Communications
Alliance. "By acquiring the hosted VoIP division of CTI, we have
expanded our market-leading footprint while becoming stronger as a
company, both operationally and financially."

"CTI has enjoyed significant growth in the enterprise communications
market and we are putting considerable investment into our market
leading practice of implementing Avaya solutions for these large
customers," said David Blau, founding Partner and Chief Strategy
Officer of Consolidated Technologies, Inc. "Our Avaya partnership is
growing so quickly that it made sense for us to exit the hosted VoIP
space and renew our focus on this accelerated business expansion. An
added bonus to this transaction is that we will continue to partner
with Stage 2, as we still have many customers and prospects that will
benefit from hosted services."

As the premier Broadsoft hosted carrier in the New York metropolitan
area and experts in business voice and data solutions, Stage 2
Networks' newly acquired customers will have additional service options
that can be integrated or added to their current hosted solutions. In
addition, Stage 2 provides live customer support 24 hours per day, 7
days a week.

"I've personally known the CTI principals as well as many of their
employees since inception of their business, and I know what a high
quality operation they run. Their customers can rest assured that they
are in great hands with Stage 2," added Mr. Gillette.

Q Advisors, a Denver and San Francisco-based investment banking
boutique, acted as the exclusive financial advisor to Stage 2 in
connection with this transaction.

About Stage 2 Networks

Stage 2 Networks, a New York City-based communications provider, is
among the forerunners in opening up the cloud-communications universe
to companies of all sizes. Stage 2's robust network allows businesses
to access a comprehensive portfolio of communications services
including hosted PBX and VoIP, cloud-based unified communications (UC),
advanced voice applications, and network services for both voice and
data. Stage 2 delivers creative, customized solutions to businesses
that will receive streamlined communications with enhanced quality of
service, while drastically lowering their capital expenditures. Stage 2
is a founding member of the Cloud Communications Alliance. For more
information visit www.stage2networks.com.

The Stage 2 Networks logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=11308

About Consolidated Technologies, Inc.

Consolidated Technologies, Inc., (CTI) has been a premier provider of
practical and effective communications solutions since 1997. Utilizing
a single source approach, the company brings together leading
communications experts, world-class products, and the creativity and
expertise to design, implement, and manage powerful converged
communications solutions for medium to large businesses nationwide. For
more information, visit www.consoltech.com.


CONTACT: Stage 2 Networks
         Suzanne Urash
         +1.813.649.8504
         suzanne@cre8groupinc.com