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Technology Stocks : Veramark Technologies Inc. (Nasdaq: VERA)
VERA 28.44-4.1%Oct 31 3:59 PM EST

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To: learnstocks who wrote (135)9/8/1999 9:56:00 AM
From: JakeStraw   of 221
 
Veramark Receives Wireless Order From Antigua Public Utilities

PITTSFORD, N.Y.--(BUSINESS WIRE)--September 8, 1999--Veramark Technologies, Inc. (Nasdaq:VERA - news) today announced receipt of an order from the Antigua Public Utilities Authority (APUA) for the VeraBill GSM wireless module.

APUA, the national telephone company of the Caribbean nation of Antigua and Barbuda, provides telephone service to business and residential customers in this country of 68,000 people. Earlier this year, APUA began using Veramark's VeraBill software to produce the bills it sends to its customers for telephone services and to support APUA's wireline telephone operations. The VeraBill GSM wireless module will provide billing and customer care capability for APUA's new wireless service.

David G. Mazzella, Veramark President, commented, ''We are very pleased to see APUA expand its use of its VeraBill system. VeraBill is a true convergent billing system so APUA will enjoy significant economies using VeraBill for both wireline and wireless service. APUA customers will also benefit from receiving a single bill for both services.''

Julian Wilkins, Operations Engineer at APUA, added. ''One of our selection criteria when evaluating billing and customer care systems for our wireline system was the ease and cost of adding wireless service. With VeraBill already in use at APUA, we know we won't have to worry about billing and customer care for our new wireless service.''

VeraBill is a comprehensive billing and customer care system for wireline, wireless and other network service providers with up to 400,000 subscriber access lines.

Veramark Technologies, Inc. is engaged in the design, production and servicing of telecommunications management and billing systems for users and providers of telecommunications services in the global market.

The forward looking statements contained in this release are estimates by the Company's management of future performance and are subject to a variety of risks and uncertainties that could cause actual results to differ materially from management's current expectations.
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Contact:

Robert L. Boxer
Veramark Technologies, Inc.
716-383-6803
veramark.com
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