COLLABRASPACE NAMED A TOP PRIVATE COMPANY IN BALTIMORE AREA

Annapolis, MD — Aug 22, 2006 — CollabraSpace® , a leading provider of web-based collaboration solutions for government and commercial enterprises, today announced that it has been named one of the country’s fastest-growing private companies by Inc. Magazine. CollabraSpace, which recorded a six hundred ninety-four percent growth during the past three years, ranked number 152 on this year’s Inc. 500 list, which graded companies based on their net sales growth between 2002 and 2005.

“We are honored to be recognized alongside such a prestigious list of successful, thriving companies,” said Ray Schwemmer, President and CEO. “The Inc. 500 is an esteemed listing; truly a testament to CollabraSpace’s exceptional growth and achievement in the collaboration industry.”

This year marks the 25th anniversary for the publication’s annual Inc. 500 list. Notable companies featured on the list in past years include Microsoft (1984), Oracle (1983-1985), Domino’s Pizza (1983), The Sharper Image (1982-1985) and Video Gaming Technologies (2005).

To be eligible for the Inc. 500 award, companies must be independent or privately held, maintain a full four-year sales history, have net sales of at least $600,000 in 2002 and be based in the United States.

A full list of Inc. 500 winners can be found in the September issue of the magazine, or at www.inc.com.

About CollabraSpace
Headquartered in Annapolis, Maryland, CollabraSpace is an authority on web-based collaboration solutions for a wide variety of customers with dispersed workforces. These customers include large government organizations such as NSA, NGA and Defense Department elements, as well as large commercial accounts. The company develops and provides secure web-based collaboration software and platforms that include audio/video sharing, document sharing and storage, whiteboarding and instant messaging, as well as a J2EE application development platform. More information about CollabraSpace can be found at www.collabraspace.com.

Ms. Angela Walseng
Planit Agency
T: 410-962-8500
adw@planitagency.com