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Veramark Announces VeraSMART(R) Order From Leading Provider of Healthcare Products & Services

Posted on: Monday, 22 May 2006, 09:01 CDT

Veramark Technologies, Inc. (OTCBB: VERA) today announced a VeraSMART order valued at over $120,000 from a leading provider of healthcare products and services. The customer's major goal is to achieve financial transparency for the operating costs of voice services by providing their cost center managers the means to identify and control usage costs and isolate errant calling behavior.

The customer plans to deploy the VeraSMART solution for 20,000 extensions at 23 sites on voice networks comprising both Cisco(R) CallManager which supports VoIP and traditional PBX's. In addition to SMART Directory, the core module of the VeraSMART platform, the customer purchased SMART Call Accounting for data collection and reporting, Reliable Session Protocol (RSP), Cisco CallManager(R) interfaces, Pollable Storage Units (PSUs) for collecting data from the traditional PBX's, and the EZ-Share data sharing utility for seamless import of directory information from a third-party software package.

The flexibility of Veramark's offerings--which gives clients the option to select a managed-services model delivered by Veramark or to purchase a right-to-use software license--allows small, medium, and large business enterprises to buy what they require today and expand as future needs dictate.

VeraSMART is available from Veramark and their leading industry partners. For more information, visit www.veramark.com.

About Veramark Technologies, Inc.

For over 20 years, Veramark's telemanagement solutions have set the industry standard for technological excellence, application experience, and process expertise. Veramark's completely web-based software architecture integrates communications management software with operation support systems (OSS) software. These solutions include Call Accounting, Telemanagement, Work Flow Management, Directory / Information Management, Service Inventory Build and Line Verification, Service Analysis and Recommendations, Wireless Optimization and Ongoing Management, Contract Analysis/Negotiations, and Billing Dispute Resolution.

This broad portfolio of products and services allows enterprises to measurably reduce communications expenses, optimize network performance, increase productivity and improve enterprise security. By utilizing industry-standard databases, secure web-browser based user interfaces, and dynamic reporting tools, Veramark's products and services make managing complex communications networks easy and efficient. Veramark's web-based software architecture eliminates the need for client software and makes the software accessible from every networked PC in the enterprise. In addition to Veramark's premise-based solutions, Veramark offers its customers a robust ASP and managed services alternative, designed to meet all or a portion of the customer's defined needs.

The company sells and markets its solutions directly and through leveraged distribution channels to customers ranging from the Fortune 500 to small businesses as well as the public sector, including government agencies and the military. Veramark's leadership position is demonstrated by its relationships with telecom's elite - Avaya(R), Nortel Networks(R), Cisco Systems(R), NEC America, AT&T Inc., Sprint(R) and others. All Veramark products and services are made and 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 and overseas, technological changes in the telecommunications or computer industries, the timely and successful launch of planned new products, the timely installation and acceptance by end-user customers, and the impact of competition or changes In the marketing strategies of major distributors.

Source: Business Wire

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