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Conexys Corporation Names Mr. Charles Menatti As CEO

Hamilton, Bermuda: 14 June, 2001 - Conexys Corporation Ltd. (BSX: CXYS.BH) www.conexys.com, a leader in the communications application services industry, has appointed Charles Menatti as Chief Executive Officer. At Conexys, Mr. Menatti will oversee all of the Conexys group of companies operations who's offices are located in Toronto, Hong Kong, London, Manila, Cape Town and Hamilton, Bermuda. Mr. Menatti will be responsible for the reorganization of executive management, strategic market expansion and financing negotiations with venture capital, institutional and private equity investors.

Previously, Mr. Menatti headed up the Global Telexchange (GTX), a value-added service provider for telecommunications carriers, as chairman, president and chief executive officer. Mr. Menatti has been actively involved in the international communications industry for more than 19 years where he has held senior level positions within related organizations throughout Europe and the United States. He has successfully launched three start-up technology companies, and has just been elected to his second term on the board of directors for the European Competitive Telecom Association (ECTA).

"This time last year, we had offices in Toronto and Hamilton, Bermuda. With our substantial growth in just one year, it was apparent that we required the expertise of an international communications industry leader to oversee operations and expansion," says Edward Furtak, founder of Conexys. "Mr. Menatti possesses a global vision that will help to move us forward strategically". Mr. Furtak will continue in his role as Executive Chairman, focusing on financing and strategic planning for the organization.

Mr. Menatti said "I am excited to join Conexys at this time and to lead the company through the next stages of its business growth. We have the core team, a global presence and the products to be a significant player in the global communications management industry".

Mr. Menatti was the president of European development for CompleTel based in Paris, France where he was responsible for market development, new market finance planning, licensing, product development and country implementation. Prior to joining CompleTel, Mr. Menatti was head of European development at Level 3 Communications. Mr. Menatti secured the CLEC operating license for wireless and wireline capabilities as Vice President International, Advance Radio Telecom Corporation (ART). Mr. Menatti has also held the position of Vice President, BellSouth Europe, Brussels where he was responsible for business development activities with emphasis on identification, evaluation, execution of joint ventures, strategic partnerships and consortium development for wireless and alternative carrier investment opportunities in Europe.

About Conexys

Conexys' €˜iComMand„¢' is a carrier-grade, Advanced Communication Service Provider (ACSP) platform designed for telecommunications companies, Internet Service Providers and enterprises. iComMand„¢ allows efficiency-minded enterprises to deliver branded unified communications to both employees and customers combined with customized corporate content and online services. Users can access email, voice, fax, SMS and pager messages through Conexys' web or telephony interface, enabling convenient global access from any web or telephony-enabled device.

Conexys was founded in 1997 as an international communications company and now has offices in London, Toronto, Hong Kong, Manila, Cape Town, and Hamilton, Bermuda. iComMand„¢ leverages the power of an ASP-enabled platform with Unified Communications to specifically appeal to the revenue and customer-retention requirements of the communications industry.