Tollgrade Renews Three Multi-Year Software Services Agreements With Major Telecom...

Tollgrade Renews Three Multi-Year Software Services Agreements With Major
Telecom Operators Representing $21 Million in Total Revenue

PITTSBURGH, June 29 /PRNewswire-FirstCall/ -- Tollgrade Communications, Inc.
(Nasdaq: TLGD), a leading provider of network service assurance to the
telecommunications industry, today announced that it has renewed three
multi-year software services agreements with existing Tier 1 telecom operators
in the United States and Europe.

(Logo: http://www.newscom.com/cgi-bin/prnh/20050603/CLF046LOGO )

Among the three major telecom customers, one has agreed to a five-year
extension of their existing agreement, while two other customers have signed
three-year extensions to their agreements. Collectively, these multi-year
commitments represent approximately $21 million in total revenue over their
combined terms.

These contracts include software and hardware maintenance support and
professional on-call services that are important to the operation of a telecom
operator's test system. The agreements provide Tollgrade with a predictable
revenue stream and backlog for its software maintenance and services product
line.

"These telecom operators value service assurance as a protective measure to
ensure high quality performance and uninterrupted service for their networks,"
said Joseph Ferrara, Tollgrade's Chairman, President and CEO. "We are
encouraged that our long-term customers continue to place an important value
on our services and software maintenance capabilities for their business,"
added Ferrara.

In 2008, the Board retained the investment banking firm of Needham & Company
to help evaluate a range of strategic alternatives to enhance shareholder
value. At the conclusion of this process, the Board determined that the most
appropriate strategy to enhance value was to emphasize the Company's service
assurance offerings to the telecom market and by capitalizing on the strength
of its current customer relationships as it extended its capabilities to next
generation architectures. These renewed multi-year agreements with existing
customers are evidence of the value they place on the Company's solutions and
of the opportunity to bring new solutions to them.

The Company has also recently taken other actions to enhance shareholder
value. The Company has appointed telecom industry executive Edward Kennedy as
the newest independent director on the Tollgrade Board. Mr. Kennedy is the
first candidate selected through this process to join the Board, and the
Company anticipates adding additional expertise to the Board in the future.
Other actions include: selling off non-core assets such as the Company's
cable product line in May 2009, as it did not support the refocused growth
strategy; bolstering cash reserves; streamlining operations and reducing
corporate overhead; winning a new major multiyear managed services contract;
and making key management changes to strengthen the leadership and functional
expertise needed to execute the Company's growth strategy.

Important Information
In connection with the solicitation of proxies, Tollgrade Communications, Inc.
has filed with the SEC and mailed to shareholders on or about June 22, 2009 a
definitive proxy statement in connection with its 2009 Annual Meeting of
Shareholders. Tollgrade, its directors, nominees for director and certain
officers, employees and other persons are deemed to be participants in the
solicitation of proxies from shareholders in connection with the 2009 Annual
Meeting of Shareholders. Information regarding the interests of such
participants is included in the definitive proxy statement and other relevant
documents filed and to be filed by Tollgrade with the SEC in connection with
the proxy solicitation. WE URGE INVESTORS TO READ THE DEFINITIVE PROXY
STATEMENT (INCLUDING ANY SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS
THAT TOLLGRADE WILL FILE WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY
WILL CONTAIN IMPORTANT INFORMATION. Shareholders will be able to obtain, free
of charge, copies of the definitive proxy statement and any other documents
filed by Tollgrade with the SEC in connection with the proxy solicitation at
the SEC's website at http://www.sec.gov and Tollgrade's website at
http://www.tollgrade.com.

About Tollgrade
Tollgrade Communications, Inc. is a leading provider of network service
assurance products and services for centralized test systems around the world.
Tollgrade designs, engineers, markets and supports centralized test systems,
test access and next generation network assurance technologies. Tollgrade's
customers range from the top telecom providers, to numerous independent
telecom and broadband providers around the world. Tollgrade's network
testing, measurement and monitoring solutions support the infrastructure of
telecom companies, as well as for power distribution companies. For more
information, visit Tollgrade's web site at www.tollgrade.com.

Forward-Looking Statements

The foregoing release contains "forward-looking statements" regarding future
events or results within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, including statements concerning the Company's ability to introduce
next generation service assurance technologies into new customer markets and
to execute its strategies.

The Company cautions readers that such "forward-looking statements" are, in
fact, predictions that are subject to risks and uncertainties and that actual
events or results may differ materially from those anticipated events or
results expressed or implied by such forward-looking statements. The Company
disclaims any current intention to update its "forward-looking statements,"
and the estimates and assumptions within them, at any time or for any reason.
In particular, the following factors, among others could cause actual results
to differ materially from those described in the "forward-looking statements:"
(a) the ability of our customers to terminate for convenience the software
services agreements prior to expiration of the stated terms; (b) possible
delays in our ability to complete performance of these agreements based upon
unforeseen circumstances; (c) our dependence upon a limited number of third
party software providers for the products we sell, including the products
which are the subject of this release; and (d) the inability to make changes
in business strategy, development plans and product offerings to respond to
the needs of the significantly changing markets and network technologies and
enter a new market and introduce new products into that market.

Other factors that could cause actual events or results to differ materially
from those contained in the "forward-looking statements" are included in the
Company's filings with the U.S. Securities and Exchange Commission (the "SEC")
including, but not limited to, the Company's Form 10-K for the year ended
December 31, 2008 and any subsequently filed reports. All documents are also
available through the SEC's Electronic Data Gathering Analysis and Retrieval
system at www.sec.gov or from the Company's website at www.tollgrade.com.

SOURCE Tollgrade Communications, Inc.

Bob Butter, Communications, of Tollgrade Communications, Inc.,
+1-412-820-1347, bbutter@tollgrade.com