BEVERLY HILLS, Calif., Feb. 8 /PRNewswire/ -- NewNet Communication Technologies, a leading provider of SS7 Signaling and Short Message Server solutions, announces the appointment of Tom Gudsnuk as President and CEO. Gudsnuk comes to NewNet CT from SS8 Networks where he most recently served as Vice President, Corporate Development. NewNet CT was formed upon the acquisition by Skyview Capital of the SS8 Networks signaling and SMS product lines. Gudsnuk also is elected to the Board of NewNet CT, and has been appointed to the position of Portfolio Manager at Skyview Capital.

"With more than 2000 deployments of our software in over 60 countries, NewNet CT is a proven leader in SS7 signaling and SMS technology," said Gudsnuk. "I am excited about building on these successes as NewNet CT regains the focus on our core competencies in signaling and SMS and continue to deliver robust and stable products to our customers. Our high-performance and scalable signaling architecture enables rapid creation and deployment of revenue generating services or mission critical applications for global wireless, VoIP, and wireline service providers."

With more than 25 years of management experience, Gudsnuk brings extensive and broad-based experience to NewNet CT. Prior to his tenure at SS8 Networks, Gudsnuk held several management positions at technology firms including Javelin Technologies, ADC NewNet, the ADC Enhanced Services Division, and practiced law in the private sector in Connecticut.

"Tom's skills in law, business, and management are ideally suited for NewNet CT and Skyview Capital," said Alex Soltani, Chairman of NewNet CT, and Chairman and CEO of Skyview Capital. "Under Tom's direction, we feel confident in NewNet CT's ability to recapture the focus as a dynamic technology provider that is customer-oriented. His significant executive background will be instrumental as we look to grow the NewNet CT business both organically and through acquisition. We are pleased to have Tom on board."

About NewNet CT

NewNet CT delivers SS7 signaling and SMS products and solutions. With over 20 years experience, and in excess of 2000 successful product deployments in more than 60 countries, the NewNet CT technology provides customers scalability, rapid deployment and low cost of ownership. The company is privately held and headquartered in Trumbull, CT. NewNet CT offers product, support and services to its global network of partners and customers. For more information, visit http://www.newnet.com/

About Skyview Capital

Skyview Capital, LLC, is a private investment firm headquartered in Beverly Hills, California, which specializes in the acquisition and continuous management of "systems - critical" enterprises in the areas of technology, telecommunications, business services, and niche manufacturing. By leveraging its operational capabilities and financial acumen, Skyview systematically enhances the long-term sustainable value of the businesses it acquires. For more information, visit http://www.skyviewcapital.com/

Media Contacts: Skyview Capital Jeffrey White 1 (310) 273-6000 jwhite@skyviewcapital.com NewNet Communication Technologies Sal Morlando 1 (203) 380-0537 sal.morlando@newnet.com

CONTACT: Jeffrey White of Skyview Capital, +1-310-273-6000,
jwhite@skyviewcapital.com; or Sal Morlando of NewNet Communication
Technologies, +1-203-380-0537, sal.morlando@newnet.com

Web site: http://www.newnet.com/
http://www.skyviewcapital.com/