CAMBRIDGE, Mass. - January 8, 2001 – Cambridge Technology Enterprises (CTE) Inc., the commercial arm of CellExchange Inc., today announced that the NRI Welfare Society of India had awarded its Hind Ratna Award to Bhaskar C. Panigrahi, CEO - Cambridge Technology Enterprises Inc. The award will be presented to Mr. Panigrahi at the 20th International Congress of Non-Resident Indians, scheduled to be held on January 24-27, 2001 at the Hotel Le Meridien in New Delhi, India.

“I am greatly honored to receive this award from the NRI Welfare Society,” said Bhaskar C. Panigrahi, “and I look forward to attending the Congress in New Delhi in January.” he added.

The NRI Welfare Society of India is the premier organization representing the interests of Non Resident Indians (NRIs) and provides a link between the Indian Government and NRIs. The Society organizes one Congress in New Delhi and one outside India annually. NRIs from different parts of the world participate in the Congress to share their views and suggest ways to attract NRI investment in the country. At every Congress, the Society also honors NRIs with the Hind Ratna Award for their outstanding services, achievements and contributions.

About Cambridge Technology Enterprises Inc.
Cambridge Technology Enterprises (CTE), a CMMI Level 5 next-generation business lifecycle solutions provider, has a focus on building and integrating business applications. CTE’s core competency lies in its collaborative delivery model, a solution delivery approach that aligns business, technical, and user stakeholders; includes partner technologies and services as necessary; and delivers end-to-end solutions on a fixed price and fixed time frame basis.

CTE’s business model is based on a global delivery model foundation, which stays close to the customer and yet optimizes the value of the solution offered.

For more information, please visit www.ctepl.com, or e-mail us at info@ctepl.com.