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Technology Stocks : Veramark Technologies Inc. (Nasdaq: VERA)

VERA 28.46

-4.1%

Oct 31 9:30 AM EST

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From: richardred	2/7/2005 11:34:57 AM
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The reason for today's upside and volume. 02/07 09:35 Veramark Makes Major VeraSMART Wins in the Military/Defense Industry Sector PITTSFORD, N.Y.--(BUSINESS WIRE)--Feb. 7, 2005--Veramark Technologies, Inc. ( OTCBB: VERA), a leading provider of communications spend solutions, today announced that it had received orders for VeraSMART from two of the nation's biggest defense contractors and one of our largest military bases. These huge enterprises recently adopted VeraSMART for communications spend management and for help with securing and optimizing their communications network. "We are gratified to see the increasing adoption of VeraSMART in the defense industry and military," said David G. Mazzella, President and CEO of Veramark. " Our increasing market share of this vital, sensitive industry is a compelling demonstration of the efficacy of our totally web-based, modular telemanagement solution. Furthermore, VeraSMART's continued momentum across all industry sectors shows the broad applicability of this platform in any arena in which communications spend management and security are dominant requirements." VeraSMART provides exceptional functionality to manage communications spend, either as licensed or outsourced solutions or a combination of the two. Examples of applications used in the defense and military environments include:

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