Jefferson Partners

Stephen W. Massel appointed Avotus CFO

TORONTO – June 24, 2004 – Avotus® Corporation (TSX Venture: AVS) today announced that Stephen W. Massel, CA, CMA, has been appointed chief financial officer of Avotus, reporting to President and CEO, Fred Lizza. The appointment follows Massel’s three-month assignment as interim CFO.

“We are pleased to welcome Stephen to our senior staff,” commented Lizza. “In the short time that we’ve worked together, Stephen has already contributed to the business substantially. He learned our business very quickly, and is an integral part of our executive team providing strategic and financial guidance as Avotus continues to grow. His various experiences in different industries around the globe combined with his focus on results have already shown great benefit to Avotus. Stephen has earned this position through his results, and we’re very happy to have him join Avotus as our CFO.”

Massel previously served as both president of LaCoste & Romberg (L&R) of Austin, Texas, and CFO of L&R’s parent company, LaCoste Romberg Scintrex Inc. of Concord, Ontario. L&R and LRSI are manufacturers of sensors for the mining, oil, and gas industries. After first serving as a consultant to LRSI, in only three years, he rose to the top position at L&R leading them to profitability through improved product quality and cost containment. Massel also revamped strategic planning, budgeting and reporting functions and was involved in mergers & acquisition activities.

Massel’s other previous experience includes, consultant to the City of Toronto, CFO of Battery Technologies Inc., consultant to Algorithmics Incorporated, CFO of Lorus Therapeutics Inc. (formerly IMUTEC Corporation), director of Taxation and Treasury for Baxter International Inc.’s Canadian subsidiary and audit manager for Ernst & Young. Massel is a Chartered Accountant (CA) and a Certified Management Accountant (CMA). He resides in Woodbridge, Ontario.

About Avotus

Avotus provides solutions that dramatically reduce the cost and complexity of enterprise communications. Intelligent Communications Management™ is Avotus’ unique model for a single, actionable environment that enables any company to bring together decision-critical information about communications expenses, infrastructure, and systems usage. Avotus is empowering Fortune 500 companies as well as more than 3,000 organisations worldwide to gain insight into and control over their communications environment. Whether deployed as an onsite or hosted application, or as a completely outsourced value-added solution, Avotus improves productivity and efficiency while enabling dramatic savings.

The company has been consistently recognized for product and service excellence and thought leadership for more than two decades in a wide range of communications-intensive markets. Avotus’ solutions are strongly supported and endorsed by industry-leading partners such as Avaya, Cisco, and Nortel. For more information, visit www.avotus.com.

Certain information contained in this news release is forward-looking and is subject to unknown risks and uncertainties. The actual results, performance or achievements of the Company may differ materially from the results, performance or achievements of the Company expressed or implied by such forward-looking statements. For further information, please visit the Company’s website at www.avotus.com and its filings with SEDAR available through www.sedar.com.

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.

Avotus is a registered trademark and Intelligent Communications Management is a trademark of Avotus Corporation. All other trademarks are the property of their respective owners.

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