February 15, 2004 - Bristol Investment Group Raises $5.8 million for Encore Networks

NEW YORK- Bristol Investment Group, a leading merchant banking firm for growing public and private companies, announced today it has closed on a Convertible Preferred financing of $5.8 million for Encore Networks, Inc. Bristol completed the financing with a New Jersey-based venture capital firm. The financing will provide Encore Networks with additional working capital.

Encore, based in Dulles, Virginia, is a leading developer of integrated voice, data, security and signaling solutions designed to help its customers migrate smoothly from circuit-based to packet-based networks.

“We are pleased to bring additional institutional ownership into Encore. We believe that Encore’s products are well-positioned for strong growth moving forward”, said Alan Donenfeld, President of Bristol Investment Group.

About Bristol Investment Group, Inc.

Bristol Investment Group, Inc. is focused on serving the needs of health care, technology and other companies who require growth capital, strategic planning and merger and acquisition advice. The members of the firm have a broad range of experience in raising debt and equity capital, structuring and financing acquisitions, arranging joint ventures and managing communication companies. Mr. Alan Donenfeld, President of Bristol, formed the company in 1990 with the mission of providing a high standard of investment banking services to small and middle market communication companies. Bristol is a broker/dealer firm registered with the National Association of Securities Dealers (NASD) and is member of the Securities Investor Protection Corporation (SIPC). For more information on Bristol Investment Group visit www.BristolDirect.com website.

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