The Law Firm of Goldman Scarlato & Karon, P.C. Announces Class Action Lawsuit Against Carrier Access Corporation

Goldman Scarlato & Karon, P.C., a law firm with offices
in Pennsylvania and Cleveland, Ohio, announces that a lawsuit has been
filed in the United States District Court for the District of
Colorado, on behalf of persons who purchased or otherwise acquired
publicly traded securities of Carrier Access Corporation ("Carrier
Access" or the "Company") (NASDAQ:CACSE) between October 21, 2003 and
May 20, 2005, inclusive, (the "Class Period"). The lawsuit was filed
against Carrier Access and certain officers and directors
("Defendants").
   If you are a member of this class and wish to view a copy of a
complaint and join this class action, please e-mail us at
[e-mail] to request a copy of the complaint and a plaintiff
certification. If you are a member of the Class, you may move the
Court no later than August 1, 2005 to serve as a lead plaintiff for
the Class. Any member of the purported class may move the Court to
serve as lead plaintiff through counsel of their choice, or may choose
to do nothing and remain an absent class member. However, if you
choose to remain an absent class member, unless and until a class is
certified, you are not represented by counsel.
   The complaint alleges that Defendants violated Sections 10(b) and
20(a) of the Securities Exchange Act of 1934 and Rule 10b-5
promulgated thereunder. Specifically, the complaint alleges that
Defendants issued a series of false and misleading statements
regarding its financial results and its business prospects. On May 20,
2005, the Company issued a press release stating that it was in the
process of performing a detailed review of all significant customer
relationships and as a part of that review had identified that the
timing of certain revenues and cost recognition issues were present.
In reaction to this news, the Company's shares fell to $4.60 per
share.
   If you bought Carrier Access securities between October 21, 2003
and May 20, 2005, inclusive, and would like to obtain information
about the lawsuit, then you are invited to call [phone] to
speak with an advisor.