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Parus Interactive Formed Through the Merger of Webley Systems and EffectNet

Bannockburn, IL — December 30, 2004

Parus Holdings, Inc. has announced the formal completion of the merger of EffectNet with Webley Systems, a leading Chicago-area applications service provider of voice-enabled IP and PSTN telephony based solutions.

Parus Interactive will continue to operate the state-of-the-art Unified Messaging platform and customer base, as well as hold all patents granted to Webley Systems prior to and during the merger period.

Parus Interactive's service delivery platform was developed to meet the needs of distributed enterprise companies both large and small. The Parus Interactive platform delivers an enhanced user experience, lower costs to customers and greater overall efficiency through its speech-enabled communications services, as well as from simplified call management and administration.

Parus Interactive clients are afforded advanced, yet easy-to-use, speech-driven telephony services. These services feature an enterprise grade, natural language interactive voice-response platform, which is based upon the company's proven and patented unified messaging technology.

About Parus Interactive
Parus Interactive is a leading provider of speech-enabled interactive voice-response solutions. The company is dedicated to meeting the needs of clients within the U.S. retail industry. Its products enable multi-location retailers of all sizes to quickly deploy solutions that add value by enhancing the experiences that their customers have when communicating with them by telephone.

Unlike traditional hardware-based IVR systems, the Parus Interactive solution allows clients to replace capital expenditures and maintenance costs with more manageable and predictable operating expenses. This approach provides clients with a more immediate return on their investment.

With nearly 180 million minutes of business-related telephone calls passing across its telecommunications platform each year, Parus Interactive is also the nation's largest unified communications provider. Parus Interactive's services are IP-based and powered by advanced natural language voice-recognition and session initiation protocol (SIP) technologies.

Based in suburban Chicago, Parus Interactive is privately held and supported financially by highly respected venture capital firms. The company has been profitable since 2001.

Press Inquiries:
Nancy Taubin


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