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TeleComputing Signs 8 Contracts in Norway and Sweden

Norwegian ASP TeleComputing, (OSE:TCO), a leading supplier of Microsoft Windows-based computing services that extend from the server to the desktop, today announced the signing of eight new customer agreements in Norway and Sweden having a combined contract value of approximately 18 MNOK ($2.0 million).

TeleComputing is pleased to announce, among others, the following companies as new clients: Advokatfirmaet Grette DA, which has contracted for a full application suite including Concorde and Office; Barncancerfonden, which has contracted for a full application suite including Office and Clienttele; and Bowe Systec AB, a paper industry company which has contracted for a full application suite including Office and Scala. The contracts range in duration from 3-4 years, and they reflect the continued expansion of the Nordic ASP customer base.

"These customer wins validate our successful ASP model in Norway and Sweden, which is built on our strong technology platform and more than three years of solid operational experience. Our ASP solution delivers critical, secure and strategic IT services to our customers in a cost effective manner," said Jason Donahue, TeleComputing president and CEO.

TeleComputing, founded in Norway in 1997, is one of the world's first ASPs and a leading provider of Windows-based applications delivery and computing services that extend from the server to the desktop. TeleComputing helps manage Information Technology costs and complexity, while improving accessibility, reliability and security for its customers worldwide.

From three secure data centers, TeleComputing supports customers in more than 200 locations in Scandinavia and the U.S., each accessing a variety of applications from their desktops for a fixed monthly fee. The Company has locations in Norway, Sweden, and the U.S. with approximately 200 employees and seven offices. TeleComputing has strategic business relationships with Microsoft, Citrix Systems, Exodus and Compaq, as well as a network of ASP resellers and systems integrators that sell and support its services in North America and Scandinavia.