SAN FRANCISCO, California, October 30, 2001 - Televoke Inc., a telematics software notification, control, and tracking services company, announced today the closing of a $4 million extension to its second round of funding. Cardinal Venture Capital led the extension round, joined by existing investors SBVC (SOFTBANK Venture Capital) and the W.I. Harper Group. With this extension, Televoke has raised $10.7 million in its second round financing and over $14 million since its inception in 1999. The company plans to use the funds to enhance its telematics services software and extend its customer partnerships.

"We are delighted by the strong vote of confidence that this new investment represents," said Bob Kimball, CEO of Televoke. "Televoke is well-positioned to serve the automotive telematics market with its emphasis on affordable, scalable tracking, notification, and control applications. We have a strong partner network in place that represents the leading safety and security telematics solutions for the automotive aftermarket. With our current and forthcoming partners we will extend our position and expand into related new market segments."

Televoke provides telematics software notification, control, and tracking services for the projected $6.5 billion automotive safety and security telematics market*. Televoke tailors its system to each of its business partners, including industry leaders Omega Research and Development, InterTrak LLC, Securatrak Inc., and Satronics, Inc. with its private-brand partner Audiovox Corporation. In the third quarter of 2001, Omega, InterTrak, and Securatrak each introduced commercial services "powered by Televoke" that allow consumers to use the web, phone, pager, or other communications devices to receive notifications from their automobiles and to remotely track and control their vehicles.

"There clearly is a market need for telematics safety and security services, an existing channel that can bring product to market, and a subscription model that is affordable for the customer and makes money for the company," said Derek Blazensky, general partner with Cardinal Venture Capital. "The potential moving forward is enormous. Televoke's service platform can be readily adapted to extend into new application areas and service markets. The company has the right team in place to make it happen."

About Televoke, Inc.
Televoke "connects people to things" by providing an automated web and telephony service platform that enables individuals and enterprises to track and control valuable assets. For the first time, businesses and their customers can be proactively notified via phone, pager, or email when a valuable fixed or mobile asset is at risk. The Televoke service platform can be customized and branded for any partner and integrated with virtually any enterprise system, hardware device, GPS or other location technology, wireless or wire line network. Televoke was recently named by CNET as a "Top Ten" private wireless company to watch in 2001. For more information on Televoke, please CLICK HERE.

About Cardinal Venture Capital
As an early-stage funding source, Cardinal Venture Capital fills the financing gap between angel investors and larger venture funds. Focusing on enterprise software, wireless communications and Internet infrastructure, the firm invests between $500,000 and $3 million initially in a company, and often co-invests with partners, early and late-stage funds and corporate investors. Cardinal Venture Capital is comprised of an experienced team of investors, entrepreneurs and operational managers, enabling the firm to provide new entrepreneurs with the strategic counsel, financial resources, recruiting and business development contacts needed to build a successful business.

About SBVC
With offices in Mountain View, California and Superior, Colorado, SBVC is a $2.5 billion U.S.-based private equity venture capital firm managed by an unparalleled team of former CEOs and entrepreneurs, technology pioneers, senior executives from major technology corporations, and leaders from the investment banking community. SBVC specializes primarily in early-stage investments in the areas of: communications systems, software and services, infrastructure software and services, professional services, enterprise applications, healthcare informatics, consumer and small business applications; components; and emerging technologies. In affiliation with its largest institutional investor, SOFTBANK CORP., SBVC combines its technology expertise and broad financial assets with the industry's best entrepreneurs to create a powerhouse portfolio of over 175 of the world's leading high technology companies. For more information on SBVC's investment team, technology vision and portfolio companies, please visit www.sbvc.com.

About WI Harper Group
WI Harper Group is one of the first San Francisco-based high technology venture capital firms focused exclusively on creating a bridge between Silicon Valley and the Greater China Region (Hong Kong, China and Taiwan), with its headquarters in San Francisco, and regional offices in Hong Kong, Beijing, and Taipei. WI Harper has created a unique network with entrepreneurial energy, superior technical know-how, manufacturing capabilities, human resources, capital and market channels on both sides of the Pacific Rim. Currently, WI Harper manages four venture funds, with over US$180 million under management. WI Harper has invested in over 90 technology companies covering a wide range of sectors such as e-commerce, digital media, wireless applications, broadband, optical networking equipment and biotechnology.

* Source: RBC Dain Rauscher Wessels, "Telematics and Location Based Services: Collateralization", April 27, 2001