Cognitronics Announces Grant of Nonqualified Inducement Options to Key ThinkEngine Personnel

DANBURY, Conn., Nov. 8  /PRNewswire/ -- In connection with the acquisition of ThinkEngine Networks, Inc., Cognitronics Corporation (AMEX:CGN) announced today that five management executives and nine engineers of ThinkEngine have been granted nonqualified employment inducement stock options to purchase an aggregate of 705,000 shares of Cognitronics' common stock pursuant to American Stock Exchange Rule 711.

All of the option grants are contingent upon continued employment with Cognitronics after the closing of the acquisition, have an exercise price equal to the closing price of Cognitronics' common stock on October 27, 2005, become exercisable over a 30-month period through May 1, 2008 in three or four installments (the soonest commencing on the closing of the acquisition) and expire on October 31, 2015.

About Cognitronics

Cognitronics is a leading supplier of media server solutions to the telecommunications industry. The company's Cognitronics Exchange Network Media Servers (CX Series) are a cost-effective and highly scalable family of carrier class media server platforms, delivering advanced network media solutions in VoIP networks as well as in traditional AIN and TDM circuit switched environments.  For more information, visit the company's website at http://www.cognitronics.com/.

About ThinkEngine Networks

Founded in 2000, ThinkEngine Networks is a leading provider of TDM and IP capable conferencing bridges and media servers.  The VSR1000C includes both TDM and IP interfaces as standard equipment and is capable of processing 1000 simultaneous sessions in a compact 1U platform.  The NEBS 3 certified platform has been deployed by customers to implement Reservation-less Conferencing, Prepaid Calling, and IVR applications.  Working with partners, ThinkEngine is a disruptive force in the marketplace -- drastically reducing the cost of implementation while giving customers a migration path from TDM to VoIP. ThinkEngine is located in Marlborough, Massachusetts.

Statements contained herein which are not historical facts are forward- looking statements. The forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve a number of risks and uncertainties including, but not limited to, the continuance of reduced capital expenditures throughout the telecommunications market, variability of sales volume from quarter to quarter, product demand, market acceptance, litigation, risk of dependence on significant customers, third party suppliers and intellectual property rights, risks in product and technology development and other risk factors detailed in the company's Securities and Exchange Commission filings. 

DATASOURCE: Cognitronics Corporation



CONTACT:  Harold F. Mayer, [phone], for Cognitronics



Web site:  http://www.cognitronics.com/ 

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