Griffin Serves as Financial Advisor to The Management Team of Telescience, Inc.

Telesciences provides mediation, customer self-service and revenue assurance software solutions for telecommunications service and equipment companies.

Griffin assisted Telesciences management in their purchase of the company in September 2005 from EDB Business Partner ASA (Ticker: EDBASA.OL), the leading nordic vendor of IT services based in Oslo, Norway.

Griffin analyzed Telesciences’ U.S. and Norwegian operations, including currency, financial, regulatory and operating issues.

Despite the fact that the Norwegian operations were highly profitable, Griffin ultimately advised management to only purchase the U.S. operations due to the inflexibility of Norwegian labor markets and related legacy employee liabilities.

Griffin negotiated the terms of the acquisition with EDB, including the inherent global complexities of separating the US Telesciences intellectual property from its Norwegian counterpart.

Griffin negotiated seller financing from EDB at the closing, and in April 2006 raised preferred equity to repay EDB and provide Telesciences with growth capital to execute its business plan.