-- InPhonic Selected as Inc. Magazine’s Company of the Year and Fastest-Growing Private Company in America --

Washington, D.C. - October 20, 2004 – InPhonic, a leading online seller of wireless services and devices, was announced today as the fastest- growing private company in America atop the Inc. 500 List, in its first year of eligibility.

“Wireless service provider InPhonic tops the 2004 Inc. 500 with four-year average annual sales growth of 5,958%,” Inc. Magazine.

Inc . Magazine publishes the annual Inc. 500, a list of the nation’s fastest growing privately held companies. To compile this year's list, Inc. Magazine contacted more than 500,000 businesses. Inc. 500 companies must be independent and privately held, and must have an operating history of at least four years. To be eligible for the Inc. 500, companies have had at least $200,000 in net sales in the base year of 1999 for Inc. 500 alumni and 2000 for new applicants, and $2 million in net sales for 2003. In addition, their 2003 sales had to exceed 2002 sales. Companies are ranked on averaged year-over-year sales growth. Inc. verifies all information using tax forms and audited financial statements from certified public accountants and by conducting interviews with company officials.

Over the years, the Inc. 500 has identified the next generation of world-class companies, with Microsoft, Stonyfield Farms, Timberland, Oracle, The Princeton Review, Morningstar, E* Trade, Intuit, and Domino’s Pizza all appearing on the list before they became industry powerhouses.

“The best thing you can say about this year’s crop of Inc. 500 entrepreneurs is that they didn’t buy into the hype,” said Inc. editor-in-chief John Koten. “When people were practically giving away funding in the late 1990s, these companies didn’t overextend, and when everyone hit the panic button a few years later, they stayed calm and seized opportunity.”

To see the 2004 Inc. 500 List or for more information, please visit:

http://www.inc.com/resources/inc500

To read the Inc. press release of October 20, 2004, please visit:

http://images.inc.com/resources/inc500/Inc-500-2004-RELEASE-10-18.doc

About Inc. Magazine
Inc., the only business magazine dedicated exclusively to owners and managers of fast-growing private companies, delivers real solutions for today's innovative company builders. It provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing and technology. Inc. is the premier publication that focuses on small to medium-size businesses, which are responsible for more than half the nation's gross domestic product and 75% of its new jobs. And Inc. looks beyond work to address the entrepreneurial lifestyle. Inc., a Gruner + Jahr USA publication, inspires and informs, with cutting-edge coverage that reflects our readers' energy, brashness, and imagination.

About InPhonic
Headquartered in Washington, D.C., InPhonic, Inc. (www.inphonic.com) is a leading online seller of wireless services and devices. InPhonic sells these services and devices through private-labeled websites that it creates and manages for online businesses, member-based organizations and associations, and national retailers.

CONTACT:
Tripp Donnelly
202-333-0001
tdonnelly@inphonic.com

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