Record Contracts Signed for Zanett in Q2; $20.6 Million Among 50 Customers; Year-to-Date $37.7 Million Contracts Signed

Zanett, Inc. (Nasdaq: ZANE) announced today that Q-2 2010 was a record quarter for the firm with respect to the rate of contracts closed in a quarterly period. Between the period of April 1, 2010 and June 30, 2010, over $20.6 million in new business has been closed. This amount is comprised of 50 different customers, with the largest customer being responsible for a $7.5 million mandate previously announced. Year-to-Date, over $37.7 million of new business has been signed. The bulk of this revenue is expected to be realized within the next 12 months.

RECORD QUARTER
Dennis Harkins, President and CFO of Zanett, said, "In its 10 years of existence, Zanett has never been better... Q2 is another record quarter for Zanett, and I am very excited about our prospects. The investment and effort we undertook in 2009 are finally beginning to paying off handsomely in 2010, and will continue well beyond.

TEOCO to Acquire TTI Telecom in an All-Cash Transaction

TEOCO Corporation ("TEOCO"), a market leader in providing cost, routing, and revenue management solutions to leading communications service providers worldwide, and TTI Team Telecom International Ltd. (NASDAQ: TTIL), a global supplier of Operations Support Systems (OSS) to communications service providers, announced today that they have entered into a definitive merger agreement, whereby TEOCO will acquire TTI Telecom in a transaction valued at approximately US$58.0 million, subject to adjustments.

Under the terms of the merger agreement, TTI Telecom preferred and ordinary shareholders will receive US$3.00 per share in cash at the closing, without interest and less applicable withholding tax. This purchase price per share may be increased or decreased at closing to the extent that TTI Telecom’s cash balance immediately prior to closing is above or below the respective agreed upon amounts, and will be decreased to the extent TTI Telecom’s transaction expenses are above an agreed upon amount, with a minimum share price of US$2.90.

Samsung Mobile Planning to Work with InfoLogix to Deliver Mobile Managed Services

Samsung Telecommunications America (Samsung Mobile), the No. 1 mobile phone provider in the U.S.¹, and InfoLogix, Inc. (NASDAQ: IFLG), a leading technology provider of enterprise mobility solutions for the healthcare and commercial industries, announced today their plans to collaborate on delivering mobile managed services to customers throughout North America.

As a leader in researching, developing and marketing wireless handsets and telecommunications products throughout North America, Samsung is focused on providing enterprise customers with new solutions to power business applications that drive bottom-line business goals. InfoLogix, in serving more than 2,200 commercial and healthcare organizations throughout North America, has pioneered new mobility offerings to meet the distinctive needs of these organizations for nearly a decade.

Zanett Record Q1 Contracts Signed = $17.1 Million

--New Customers = 43% --Healthcare = 42%

Zanett, Inc. today announced that it has set an in-house corporate record for contracts signed in a single quarter since the Company was founded over 10 years ago. During the first 3 months of 2010, over $17.1 million dollars in new business has been closed. This amount is comprised of 57 different customers, with the largest customer being responsible for a $4 million mandate. The $17.1 million in deal closings currently reported for Q1 includes the earlier reported $12.0 million comprising of business closed in January and February 2010.

PAST 6 MONTHS = $30.8 MILLION IN NEW BUSINESS