Released on: November 14, 2007, 4:47 am

Press Release Author: Alina Popescu

Industry: Software

Press Release Summary: Gecad Technologies, AXIGEN Mail Server developer, announces
today the first round of investment from a consortium of important venture capitals
and technology companies such as Global Finance, 3TS-Cisco Growth Fund III and
others. The investment amounted to 2 million euro and is equivalent to 11.76% of the
Gecad Technologies/AXIGEN shares.

Press Release Body: "This is the first wave of investment in AXIGEN subsequently
targeting an Initial Public Offering (IPO). We are proud that our outstanding
technology has caught the eye of first class business investors after only two years
of market presence. In short term we are committed to become a worldwide leading
messaging solution", says Radu Georgescu, President of GECAD Group and Chairman of
the AXIGEN Board of Directors.

The main shareholders after the investment are Radu Georgescu with 88.24% of shares
and the consortium with 11.76% of shares.

The current share capital of about 3 million EUR, coming exclusively from Radu
Georgescu, took the company from startup to a worldwide business operating through
over 100 partners, with patent pending technology and serving 9.000 companies with
over 5 million end-users.

"The 2 million euro investment will contribute to further sustainable business
growth and technology development in preparation of the IPO. Through this business
agreement, our customers are reassured of our commitment to product continuity. At
the same time, our business is bolstered through the strategic position and network
the investors hold in key markets and their investor base," declares Oana Bornaz,
AXIGEN CEO and Director of the Board.

\"Our consortium is comprised of several leading private equity funds and individual
investors that are very active in the region and the IT/software sector (including
Global Finance and the 3TS-Cisco Growth Fund III). We have invested in AXIGEN in
large part because of the tremendously successful track record of this management
team, the market-responsive features on which the AXIGEN mail-server platform is
built, and the absolute trust and confidence that we have in Radu and Oana. As a
group, we hope to contribute our substantial financial resources, our experience in
similar ventures throughout the region, and access to our extensive network of
software industry experts and market leaders\", explains Ted Cominos, Partner of
Ethemba Capital, Director of the Board of Gecad Technologies.

AXIGEN continues to experience strong growth both in Romanian and international
markets, with almost 90% end-users coming from outside of Romania. With a carrier
class technology and outstanding support, AXIGEN is becoming the messaging solution
of choice for a growing number of service providers worldwide.

About AXIGEN

Established in 2001, Gecad Technologies SA, member of the GECAD Group, is the vendor
of AXIGEN, a messaging solution for professionals that ensures an efficient and
secure worldwide communication environment and business growth for both service
providers and companies of all sizes. Currently, AXIGEN is distributed
internationally by over 100 partners from 60 countries and manages email traffic for
more than 9000 companies with 5 million end-users.

Our team of seasoned professionals, with 15 years of experience in messaging and IT
security delivers cutting-edge products, by developing an innovative carrier-class
technology based on proprietary architectures such as AXIGEN GrowSecureTM, AXIGEN
SmartProcessingTM and AXIGEN UltraStorageTM.

For further details, please visit: www.axigen.com.

Web Site: http://www.axigen.com

Contact Details: 10A Dimitrie Pompeiu blvd.020337 Bucharest 2 ROMANIA
Phone: +40-21-303-2080
Fax: +40-21-303-2081
alina.popescu@axigen.com