Telanetix Restructures Debt

- Provides growth capital through debt restructuring

- Reducing interest due by $16.8 million

- Interest free through June 2011, thereafter interest rate reduced by 60%

BELLEVUE, Wash., May 11 /PRNewswire-FirstCall/ -- Telanetix, Inc. (OTC BB:
TNXI), a leading communications solutions provider offering next generation
voice services and video telepresence solutions to the business market, today
reported the restructuring of its $29.6 million debt to lower debt service
requirements, thus increasing funds to grow operations.

Doug Johnson, Telanetix's CEO, said, "We have successfully negotiated the
total restructuring of our current debt relationship. The restructuring
allows us to fund organic growth of our business, rather than use cash for
interest and debt repayment and provides an interest free period for over two
years, with the first interest payment not due until October 2011. The
debentures, which require interest only payments, now have an interest rate of
0% until June 30, 2011, and 5% over the remaining term of the debentures,
which is 60% less than present terms and is payable in cash only. This new
structure reduces overall interest costs by $16.8 million and removes any
uncertainty about the dilutive effects of interest paid in shares. The
debentures' conversion price has been changed to $0.30 from $0.40. In
addition, the Company restructured its warrants held by debenture holders to
eliminate anti-dilution protection of the warrants and set the stage for an
exchange program whereby warrants to purchase 12.3 million common shares would
be retired, upon election by the warrant holder, by issuing 11.5 million
common shares."

"We are very pleased with the confidence that our debenture holders are
placing in Telanetix and its management team. Significant concessions were
made on their part to improve the capital structure of the Company, and we
believe we will be a stronger and more valuable business as a result of the
restructuring. The Company's fully diluted shares, after the restructuring,
stands at approximately 154 million shares. We strongly believe that this
restructuring is a win for all involved in Telanetix."

Additional information regarding the terms of this financing transaction are
contained in the Company's current report on Form 8-K filed with the SEC on
May 11, 2009.

For further information about Telanetix, Inc., or this press release, contact
Charles Messman or Todd Kehrli at MKR Group, at (323) 468-2300.

About Telanetix, Inc.
Telanetix is a leading communications solutions provider offering next
generation voice services and video telepresence solutions to the business
market. Telanetix solutions meet the real-world communications demands of its
customers with powerful, cost effective industry-leading communication
solutions. The company's voice offerings, marketed under the "AccessLine"
brand, give business customers a flexible, easy to use, cost effective
alternative to today's traditional phone service, offering flexible calling
solutions, a simpler installation experience, and a greater range of support
options than traditional telecom providers. The company's video telepresence
offering, marketed under the Telanetix Digital Presence(TM) brand, creates
fully immersive and interactive meeting environments that incorporate voice,
video and data from multiple locations into a single environment. Additional
information may be found at the Telanetix corporate website,
www.telanetix.com.

Safe Harbor Statement
Certain statements contained in this press release are "forward-looking
statements" within the meaning of applicable federal securities laws,
including, without limitation, anything relating or referring to future
financial results and plans for future business development activities, and
are thus prospective. Forward-looking statements are inherently subject to
risks and uncertainties some of which cannot be predicted or quantified based
on current expectations. Such risks and uncertainties include, without
limitation, the risks and uncertainties set forth from time to time in reports
filed by the company with the Securities and Exchange Commission. Although the
company believes that the expectations reflected in such forward-looking
statements are reasonable, it can give no assurance that such expectations
will prove to have been correct. Consequently, future events and actual
results could differ materially from those set forth in, contemplated by, or
underlying the forward-looking statements contained herein. The companies
undertake no obligation to publicly release statements made to reflect events
or circumstances after the date hereof.

SOURCE Telanetix, Inc.

Investor Relations: Charles Messman or Todd Kehrli, both of MKR Group,
+1-323-468-2300, tnxi@mkr-group.com; or Media: Todd Barrish of Dukas PR,
+1-212-704-7385, todd@dukaspr.com, all for Telanetix, Inc.