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Vonage® Named Among Top 15 VoIP Companies of 2004

FierceVoIP Honors Vonage as One of the “Fierce 15” Emerging Internet Telephony Firms of the Year”

Edison, NJ – October 12, 2004 – Vonage today announced that it has been selected as a member of FierceVoIP’s annual list of “The Fierce 15”, honoring it as one of the top 15 emerging IP telephony companies for 2004. FierceVoIP, an internationally recognized email newsletter covering the VoIP and Internet telephony industry, evaluated more than 300 VoIP companies based on company vision, revenue potential, quality of deals and partnerships, and competitive market position.

"There are many VoIP service providers – the number grows almost daily – but Vonage is the startup that is best positioned to fight the traditional telephone companies and cable operators," said John Edwards, editor of FierceVoIP. "In a fast growing and rapidly changing industry like VoIP, speed and imagination are often more valuable than size and deep pockets."

"FierceVoIP is recognized for its advanced understanding of VoIP trends and businesses," said Jeffrey A. Citron, chairman and CEO. "Being selected as a member of The Fierce 15 is an honor that highlights Vonage's growing prominence in the VoIP market."

The Fierce 15 celebrates the spirit of being “fierce” – daring to be innovative and aggressive, even in the face of intense competition. The list of Fierce 15 companies is available in today’s issue of FierceVoIP and on the FierceVoIP website at http://www.fiercevoip.com.

About Vonage®
Vonage is redefining communications by offering consumers and small businesses an affordable alternative to traditional telephone service. The fastest growing telephony company in North America, Vonage's service area encompasses more than 1900 active rate centers in over 125 North American markets. Vonage is sold directly through www.vonage.com and retail partners such as Amazon.com, RadioShack, Best Buy, Circuit City, Staples and Office Depot. Wholesale partners such as EarthLink, ARMSTRONG®, Advanced Cable Communications and the Coldwater Board of Public Utilities resell the Vonage broadband phone service under their own unique brands. With more than 275,000 lines in service, Vonage continues to add more than 25,000 lines per month to its network. Over 5 million calls per week are made using Vonage, the easy-to-use, feature-rich, flat rate phone service. Vonage is headquartered in Edison, New Jersey. For more information about Vonage's products and services, please visit www.vonage.com or call 1-VONAGE-HELP. Vonage®, Vonage Digital VoiceTM, Toll Free PlusSM and Virtual Phone NumberSM are trademarks of Vonage Holdings Corp.

About FierceVoIP
FierceVoIP, is a free twice weekly email briefing that summarizes the latest business and technology developments in the Internet telephony industry. It is designed for top-level telecom executives and comes out every Tuesday and Friday. Sign up is free at http://www.fiercevoip.com. FierceVoIP is one of eight newsletters published by FierceMarkets Inc., a Washington DC-based business publishing company. Other FierceMarkets newsletters include FierceBiotech, FierceDeveloper, FierceEnterprise, FierceFinance, FierceHealthcare, FierceWiFi, and FierceWireless. Every business day, these publications reach more than 200,000 top-level executives in over 100 countries.