Mr. Carson has been providing independent consulting services for the past twelve years consisting of executive level support with an emphasis on operational excellence, financial leadership, strategic planning and international operations and ventures. Mr. Carson previously held the following positions:

• Vice-Chair of the Board of Directors and Chair of the Audit Committee of Natural Convergence Inc., a supplier of hosted VoIP applications that enable service providers to sell improved services to small business and branch office markets (July 2004 to April 2009).
• Chief Financial Officer of Wavesat Inc., a global leader in mobile broadband, providing advanced semiconductor solutions (October 2005 to July 2008).
• President, Chief Operating Officer, Member of the Board of Directors and Chair of the Audit committee of Castek Software Factory Inc, a provider of software development services for enterprise wide systems (October 2000 to May 2002).
• President, Chief Operating Officer, Chief Financial Officer, Member of the Board of Directors and Chair of the Audit Committee of Claremont Technology Group, a provider of IT solutions based on client/server software (1997/ 1998); and
• Senior Board Advisor of the Solect Technology Group, a developer of billing and administrative software for internet service providers and wireless telephone service carriers.

Currently, Mr. Carson serves on the Board of Trustees for the University of Indianapolis and is on the Finance Committee as well as the Chair of the Audit Committee.

Mr. Carson retired from AT&T Corp in 1997 where he worked for 29 years with his last position being Vice-President and CFO of the single largest business unit in the company, the AT&T Consumer and Small Business Long Distance Unit.

"We are very pleased to welcome Stephen to the Tranzeo Board of Directors and as Chair of the Audit Committee. His extensive knowledge base and executive management experience in the telecommunications industry will substantially strengthen the company," commented Tranzeo President and CEO Jim Tocher.

Also announced today is the resignation of Mr. Christoph Lingenthal from the board of directors. Mr. Lingenthal was appointed to the board in March 2008. Mr. Carson replaces Mr. Lingenthal as an independent board member.