Collabraspace Recognized as One of the Regions "future 50" Companies

Annapolis, MD — December 9, 2005 — CollabraSpace™, a leading provider of web-based collaboration solutions for government and commercial enterprises, has been named one of the region's "Future 50" by Baltimore SmartCEO magazine.

The magazine evaluates companies based on employee and revenue growth during the past three years in determining who will be selected a "Future 50" winner. CollabraSpace, according to the company's CEO Ray Schwemmer, has seen increases in staff as well as revenues every year since the company's launch in 1998. Between 2004 and 2005, its revenues nearly doubled.

Schwemmer adds that CollabraSpace recently added two senior-level sales executives, and plans to begin aggressively pursuing more private sector clients. The company has already made a name for itself developing and implementing highly-secure, tailored collaboration systems that assist in national security efforts for such entities as the Department of Homeland Security and Department of Defense.

CollabraSpace's Future 50 profile can be seen in the December issue of Baltimore SmartCEO magazine.

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. Cameron Barry
Planit Agency
T: 410-962-8500
ceb@planitagency.com