09/14 09:02 Veramark Receives 12 Orders For Newly Introduced VeraSMART-R- Enterprise Telemanagement Software
PITTSFORD, N.Y.--(BUSINESS WIRE)--Sept. 14, 2004--Veramark Technologies, Inc. (OTCBB: VERA) today announced that during the past 60 days it has received 12
orders for VeraSMART 2.0, the company's totally web-based and modular Enterprise
Telemanagement Solution that was officially released in mid-June.
"Since its release, we have seen a strong response from the market for our VeraSMART Enterprise Telemanagement Solution. Clients purchasing VeraSMART have
commented most favorably on our web-based architecture, our telecom spend
management tools, extensive reporting, internal allocation and bill back
capabilities, as well as our unique EZ-Share data integration tools," said David
G. Mazzella, President and CEO of Veramark. "The orders have come from a variety
of enterprises - two universities, three cable television companies, a large
national drug store chain, two Department of Defense military bases, two
multinational food companies, a defense contractor, and a financial institution.
Revenue from these orders is expected to be substantially recognized in the 3rd
and 4th Quarters of this year, dependent on the various enterprises readiness to
implement and train on the solution."
Continuing, Mr. Mazzella said, "To build off our growing pipeline of quotes, we are moving forward expeditiously with plans to expand VeraSMART to include
more advanced features and functionality, thereby increasing the number, size,
and scope of potential customers.
VeraSMART allows large and mid-size businesses to consolidate all communications costs centrally, including: invoices from service providers, one-
time and recurring costs for assets and services; and call detail from an
unlimited number of sources, such as IP-PBXs, circuit-switched PBXs, key
systems, cell phones, credit cards, and other third party sources - giving
customers a clear understanding of network requirements and usage trends,
ultimately reducing communications spend."
The modularity of VeraSMART and the flexibility of the offering, which allows clients to select a managed services model delivered by Veramark or to purchase
a right-to-use software license, allows medium and large business enterprises to
buy what they require now and expand the system in the future as needs dictate.
VeraSMART is available from Veramark and their leading industry partners today. For more information, visit www.veramark.com.
For more than 20 years, Veramark (www.veramark.com) has set the industry standard for telecom network cost control solutions by delivering technological
excellence, application experience, and process expertise. Our focus on
convergence in the communications market has resulted in a broad portfolio of
products and services that allow enterprises to measurably reduce communications
expenses, optimize network performance, increase productivity, and improve
enterprise security. Our solutions are fully compatible with IP-telephony,
traditional PBX, and CENTREX environments.
Veramark's totally Web-based software architecture leverages leading edge technology to consistently deliver enterprise cost management solutions that are
easy-to-use, install and maintain. The company's leadership position is
demonstrated by long-term relationships with telecom's elite - Avaya(R), Nortel
Networks(R), Cisco Systems(R), NEC America, SBC(R), Sprint(R) and others - and
an installed base of nearly 100,000 customers that range from the Fortune 500,
to the public sector, and small businesses the world over. All of Veramark's
products and services are either made or provided by personnel in the United
States.
Veramark and VeraSMART are registered trademarks of Veramark Technologies, Inc. All other marks are the property of their respective owners.
This report may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. A variety of factors could cause
actual results to differ from the anticipated results expressed in such forward-
looking statements. These may include, but are not necessarily limited to,
changes in general economic conditions in the United States or overseas,
technological changes in the telecommunications or computer industries, the
impact of competition, or changes in the marketing strategies of major
distributors. |
