RYE BROOK, N.Y.—June 24, 2010—Broadview Networks announced today that Technology Marketing Corporation (TMC) has named OfficeSuite™ as a recipient of the 2010 NGN Leadership Award presented by its publication, NGN Magazine.

OfficeSuite is Broadview’s flagship hosted IP phone solution and provides businesses with everything an organization needs to communicate over the phone and online, typically without any capital investment. It includes a complete “cloud-based” hosted phone system including phones, over 40 calling features, a simple–to-use web portal to manage the system, and a robust calling plan that is shared among users at a given site. Businesses can also easily add Broadview’s Frontline™ MPLS service to securely connect locations together in a fully meshed data network.

“OfficeSuite is consistently evolving to exceed our customers’ requirements,” said Jeff Blackey, senior vice president of marketing for Broadview Networks. “Owning the underlying source code for OfficeSuite has not only allowed us to rapidly deploy our service nationwide while still guaranteeing quality, it has also provided us with a stable platform from which we can quickly and easily deploy new features and options that enable customers to be more efficient and effective.”

The Second Annual NGN Leadership Award recognizes the growth, evolution and distinction between the applications and services designed for next-generation networks and the enabling technologies that make them possible. Broadview Networks has been recognized in the Services and Applications category.

“Broadview Networks has been recognized for their exceptional work in advancing NGN services and technologies,” stated Rich Tehrani, chief executive officer of TMC. “OfficeSuite has proven it’s exceptional and its innovation has contributed to the transformation of the industry. Congratulations to the entire team at Broadview Networks. I look forward to more innovations in the coming year.”

The 2010 NGN Leadership Award winners can be found in the May/June 2010 issue of NGN magazine.

About Broadview Networks www.broadviewnet.com

Broadview Networks is a network-based business communications provider serving customers nationwide. Broadview provides the total solution for business communications including local and long distance voice communications; premises-based and patented hosted VoIP systems; data services encompassing VPN- and MPLS-enabled applications; traditional telephone hardware; high-speed Internet services; a full suite of managed services; and a range of professional services. Broadview customers benefit from award-winning customer service including a web-based account management tool and a primary point-of-contact for real-time, personal customer care.

Broadview Networks is a control investment of MCG Capital Corporation (NASDAQ: MCGC). Broadview Networks’ largest investors are MCG Capital, Baker Capital, and New Enterprise Associates.

About NGN magazine

NGN magazine is the resource for communications service providers and the supporting ecosystem of equipment providers, system integrators, and solutions developers as they make the transition to next generation networks.

NGN magazine will cover how these new technologies will integrate with legacy systems, and how they will improve service, deliver new applications, and offer ROI to carriers. TMC continues to provide leading-edge information as this market develops. NGN represents the evolution of IMS Magazine. Launched in January 2009, NGN encompasses a wider swath of the important trends and newsmakers that are shaping the networks of the future.

About TMC

Technology Marketing Corporation (TMC) is a global, integrated media company helping our clients build communities in print, in person and online. TMC publishes Customer Interaction Solutions, INTERNET TELEPHONY, Unified Communications, and NGN magazines. TMCnet, TMC's Web site, is the leading source of news and articles for the communications and technology industries. TMCnet is read by two million unique visitors each month on average worldwide, according to Webtrends. TMCnet has ranked within the top 3,500 in Quantcast's Top U.S. sites, placing TMCnet in the nation’s top .03% most visited Web sites. In addition, TMC produces ITEXPO; 4GWE Conference and M2M Evolution (in conjunction with Crossfire Media); Digium|Asterisk World (in conjunction with Digium); and Smart Grid Summit (in conjunction with Intelligent Communication Partners). TMC serves other communications market segments with the Cloud Communications Summit (in conjunction with Light and Electric); CVx ChannelVision Expo (in conjunction with Beka Publishing); and MSPWorld™ (in conjunction with the MSP Alliance).

TMC also serves technology professionals with industry-specific Web sites: InfoTech Spotlight, 4GWE, M2M Evolution.com, Smart-Grid.TMCnet.com, Smart Products Ecosystem, Robotics.TMCnet.com, Cable.TMCnet.com, Satellite Spotlight, Green.TMCnet.com, Healthcare.TMCnet.com, Business Video, Finance.TMC.com, Legal.TMC.com and Education.TMCnet.com.

For more information about TMC, visit www.tmcnet.com.