RNDC Raindance Communications (MM)

Raindance Communications, Inc. (Nasdaq:RNDC) today announced that it has been named to Deloitte & Touche's Technology Fast 50 Program for Colorado, a ranking of the 50 fastest growing technology companies in the area by Deloitte & Touche LLP, one of the nation's leading professional services firms. Raindance achieved a five-year growth rate of 318 percent, placing it 13th in the Colorado Fast 50 Program. Rankings are based on the percentage of growth in fiscal year revenues over five years from 2000 to 2004. "We are honored to once again be included among such distinguished company on Deloitte & Touche's Fast 50 list," said Don Detampel, CEO of Raindance. "Our success has been fueled by a growing market need for remote communication solutions combined with our ability to deliver fully integrated audio, web and video conferencing. We look forward to continuing our momentum with our newly released Raindance Seminar Edition, which boasts an unsurpassed level of simplicity and ease of use." This marks the third consecutive year Raindance has been honored by Deloitte. In 2004, Raindance was ranked fourth in the Fast 50 program for Colorado and was ranked 79th on the 2004 Deloitte Technology Fast 500, an annual ranking of the fastest growing technology companies in North America. "To rank on Deloitte's Colorado Technology Fast 50, companies must have phenomenal revenue growth over five years," said Steve Yaroch, Technology, Media and Telecommunications Lead Partner for Deloitte & Touche LLP in Denver. "Raindance has proven to be one of the fast-growth success stories in Colorado, and we applaud their dedication to making their vision reality." Fast 50 Selection and Qualifications To qualify for the Technology Fast 50, a company must have had operating revenues of at least $50,000 in 2000 and $1,000,000 in 2004; it must be headquartered in North America; and it must be a "technology company," defined as a company that either owns proprietary technology that contributes to a significant portion of its operating revenues (using other companies' technologies does not qualify), or devotes a significant proportion of revenues to research and development of technology. Winners of the 15 regional Technology Fast 50 programs in the United States and Canada are automatically entered in the Deloitte & Touche Technology Fast 500 program, which ranks North America's top 500 fastest growing technology companies. For more information on the Deloitte's Technology Fast 50 or Fast 500 programs, visit www.fast500.com. About Raindance Communications Raindance Communications, Inc. (Nasdaq:RNDC), the leader in integrated multimedia conferencing services and support, brings an entirely new level of simplicity and interaction to remote meetings and events. Its suite of best-in-class services, Raindance Seminar Edition and Raindance Meeting Edition, redefine the everyday meeting experience. Thousands of corporate customers currently use Raindance's technology to more effectively communicate with colleagues, vendors, customers and partners around the world. For more information, please visit www.raindance.com or call 800-878-7326. About Deloitte Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu" or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein. Deloitte & Touche USA LLP is the U.S. member firm of Deloitte Touche Tohmatsu. In the U.S., services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 This release contains forward-looking statements, including expectations regarding future company and service performance, market acceptance and customer adoption and increased use of our services. These statements are subject to risks and uncertainties, which could cause future events to differ materially. These risks and uncertainties include the failure or interruptions in the software, systems or network underlying Raindance's services, competition from presently existing and new competitors, price pressure, and difficulties adopting new customers and increasing customer usage of our services. Additional information concerning factors that could cause actual results to differ materially from those contained in the forward-looking statements can be found in Raindance Communications' filings with the Securities and Exchange Commission. Copies of filings made with the SEC are available through the SEC's electronic data gather analysis and retrieval system (EDGAR) at www.sec.gov. Raindance Communications assumes no obligation to update the forward-looking statements included in this document. Raindance, Raindance Communications, SwitchTower and OpenGo and our logo are trademarks or registered trademarks of Raindance Communications, Inc. All other company names and products may be trademarks of their respective companies.