TELECOMMUNICATION SYSTEMS –

Annapolis, Md.

Went public 8/8/2000 at $17 per share

Filing Range: 4.7 mil. shares @ $15 to $17

Shares Outstanding: 23.1 mil. shares

Underwriters: Chase H&Q/ Deutsche Banc Alex. Brown/Salomon Smith

Barney

Company Counsel: Piper Marbury Rudnick & Wolfe

Manager Counsel: Latham & Watkins

Auditor: Ernst & Young LLP

The Company:

Develops network applications that enable the delivery of Internet content, short messages and data communication services to wireless devices, including phones, two-way pagers and personal digital assistants.

Venture Backers:

GE Capital Equity Capital Group

Signal Equity Management Corp.

Financing Rounds:

Number of Round Amt.

Round # Round Date Stage Investors ($ thousands)

1 12/14/1999 2 Expansion 10000.0

Financials:

(Data in $ millions)

Y/E

12/31/99

Total Revenues: $45.8

Net Income: -1.3