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PHONEX CORPORATION CHANGES ITS NAME TO "Phonex Corporation"
Mivale, UT - 11.19.1999 - Phonex Corporation, the Utah-based world leader in wireless telephone extension systems, announced today that it has changed its company name to "Phonex Corporation". The new name, along with a new logo and corporate look, have been adopted in order to reflect the company's recent expansion into the broadband home networking and communications market. With over a decade of experience in providing innovative power line carrier (PLC) devices for home use, expanding into the broadband market is a natural move for Phonex in the face of the continual convergence of the telecommunications, cable TV, Internet, and PC computer industries where the need for high-speed networking devices for home and SOHO use is becoming more crucial. The name change is intended to communicate the company's recent move into broadband networking without discarding the equity built in the Phonex name over the past 12 years. While the company plans to broaden is product offering by providing high-speed linking devices for the home, it will not abandon its traditional customer base which has come to expect low cost, easy-to-use PLC consumer electronics devices.

"With the addition of a number of new engineering resources, Phonex is able to expand its core competencies and build on its power line technologies that have served millions of customers over the last 12 years," said John Knab, CEO of Phonex. "Customers who have come to trust the Phonex name, can be assured that the company is committed to improving its existing wireless phone and modem jack product offerings while taking full advantage of new digital technologies. It is Phonex's intent to continue support to its loyal customer base while offering advanced methods for networking cable TV set-top boxes, fax machines, PCs, multiple phone lines, video, digital music, two-way television, Internet telephony, security systems, and a myriad of other technologies which will require broadband connectivity in homes of the future," concluded Knab.

For more information regarding Phonex Corporation and its products please contact:
public@phonex.com
6952 High Tech Drive
Midvale, UT 84047-3756
800.437.0101

Founded in 1988, Phonex Corporation, based in Midvale, Utah, is a privately held company recognized as the world’s largest supplier of voice and data products over the powerline. Phonex’ proprietary technology enables telephone and data devices to communicate reliably using standard electrical wiring. The technology is strongly protected by multiple patents. Phonex is the first company worldwide to market a broadband networking device that turns any electrical outlet into a 10BaseT Ethernet portal.

Phonex Corporation and NeverWire 14 are trademarks of Phonex Corporation.
All other company names and trademarks are the property of their respective companies.

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