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Walden International Announces the Initial Public Offering of its Portfolio Company Accelerated Networks

San Francisco, CA (August 29, 2000) Walden International (WI), a leading Silicon Valley-based venture capital firm, today announced the successful public offering of its portfolio company Accelerated Networks, Inc. (NASDAQ: ACCL), a multi-service broadband equipment supplier.

Founded in 1996, Accelerated Networks is a Moorpark, CA-based maker of telecommunications technology. The company develops and markets multi-service broadband access products that enable telecommunications service providers to bundle voice and data services over a single broadband access network. On June 23, 2000, Accelerated Networks offered four million shares to the public at a price of $15 per share. As a principal stockholder, Walden International holds a 4.1% stake in the company.

"Accelerated Networks is one of those rare success stories of the right solution for the right industry at the right time," said Walden International founder and chairman Lip-Bu Tan. "Walden International and Accelerated Networks have a wonderful comradeship and their success in the networking technology arena is extremely gratifying for our team of technology-investment professionals."

"Walden International is much more than just an investor to us," said Suresh Nihalani, founder, president and chief executive officer of Accelerated Networks. "Their strategic and knowledgeable advice has been invaluable to our growth. Walden International's talented industry experts have assisted us with our finance and operations strategy, facilitated our international expansion, introduced us to strategic partners, and guided us through our public offering and beyond. We are glad to have them in our camp as we strive to achieve new advancements for telecommunications technology."

About Accelerated Networks, Inc.

Accelerated Networks develops and markets multi-service broadband access products that enable telecommunications service providers to bundle voice and data services over a single broadband access network. These products are designed to allow service providers to efficiently and cost-effectively deliver and manage multiple voice and data services using DSL, T1, NxT1, or DS3 technologies. Accelerated's products also allow service providers to leverage emerging technologies such as voice over DSL (VoDSL) and frame relay over DSl (FRoDSL) over a single broadband access network. Accelerated Networks offers all three components of a complete multi-service broadband access solution: NEBS-compliant regional POP voice gateways and central office concentrators, and customer premises carrier-class integrated access devices (IADs). For additional information, visit www.acceleratednetworks.com.

About Walden International

Walden International is a leading Silicon Valley-established venture capital firm, providing early stage technology companies with the advantage of an unrivaled global network since 1987. The firm's international venture capital funds comprise more than US$1 billion in committed capital. Walden International's globally organized network of multi-cultural investment professionals spans the United States, Taiwan, Singapore, Hong Kong, Malaysia, China, the Philippines, India, and Japan. For more information please visit www.wiig.com.