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Veramark Announces Multi-Year VeraSMART(R) Managed Services Contract With Beverage Industry Provider

Posted on: Monday, 25 September 2006, 09:00 CDT

Veramark Technologies, Inc. (OTCBB: VERA) today announced receipt of a

new 3-year managed services contract with a large beverage company, that

approaches $200,000 in value. Veramark's ASP

(Application Service Provider) model allows its customers easy web

browser access to the full functionality of the VeraSMART Suite of

Applications; without the need to install, host, and maintain a

premise-based solution. The client will utilize Veramark's

Call Accounting module primarily for performing departmental bill back

of telecom charges.

The company also will employ VeraSMART's

Invoice Management module to perform carrier bill management and

allocate usage charges from multiple Wireless and Wireline Carriers. In

addition, EZ-Share™, Veramark's

exclusive data import/export utility, will be utilized to feed data to

the customer's general ledger system. The

Veramark services will be used to manage more than 20,000 extensions on

a voice network comprised of 11 Siemens PBX's.

The flexibility of Veramark's offerings allows

small, medium, and large business enterprises to buy what they require

today and expand as future needs dictate. Clients have the option to

select a managed services model or to purchase a right-to-use software

license for all of the VeraSMART modules including Call Accounting,

Allocation, Invoice Management, Online Directory, Asset Management, and

Work Order. Using the same premise-based telemanagement tools developed

by Veramark, the Managed Services solutions can remotely poll, process,

and report on telecommunications and work flow activity; then provides

comprehensive reports and analysis in a variety of formats.

Veramark president and CEO David Mazzella said, "For

companies that recognize the benefits of telemanagement solutions, but

would rather not manage a system themselves, Veramark's

Managed Services offers application hosting in a variety of arrangements

from full-service to Applications Service Provider (ASP) models. We are

pleased to provide our new client with solely dedicated and optimized

servers maintained in a secure environment; end-to-end Web access; our

industry--leading service delivery

and dedicated account support; and knowledgeable technical support.

Revenue from this contract will be realized over a 36 month period."

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,

Asset 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

optimize network performance, increase productivity, improve enterprise

security, and measurably reduce communications expenses. 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

leaders - Avaya®, Nortel Networks®,

Cisco Systems®, NEC Unified, AT&T Inc., Sprint®

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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