Comverse Technology, Inc. Comments on Oliver Press Partners, LLC Filings; Shareholders Need Take No Action at This Time.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Comverse Technology Comverse Technology, Inc. (Pink Sheets: CMVT) is an American Technology company located in Woodbury, New York, which develops and markets telecommunications software. Founded in 1982, the company focuses on providing services to third party telecommunication service providers. , Inc. (Pink Sheets: CMVT CMVT Converse Technology .PK), yesterday learned that Oliver Press Partners, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control and certain of its affiliates (collectively, OPP OPP Opposite OPP Opportunity/Opportunities OPP Office of Pesticide Programs OPP Ontario Provincial Police (Ontario, Canada) OPP Office of Polar Programs (National Science Foundation) ), have filed definitive solicitation materials with the Securities and Exchange Commission in connection with a solicitation of agent designations by OPP to demand a special meeting of the shareholders of Comverse Technology for the purpose of electing directors to Comverse Technology's Board of Directors. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. OPP's definitive solicitation materials, if a special meeting is called, Oliver Press intends to nominate Augustus K. Oliver and Clifford Press for election to the Comverse Technology's Board of Directors. Comverse Technology shareholders need take no action at this time. The Comverse Technology Board of Directors believes that it is not in the best interests of shareholders for a special shareholders' meeting shareholders' meeting n. a meeting, usually annual, of all shareholders of a corporation (although in large corporations only a small percentage attend) to elect the Board of Directors and hear reports on the company's business situation. to be called in this manner and will communicate its reasons in due course. About Comverse Technology, Inc. Comverse Technology, Inc., through its Comverse, Inc. subsidiary, is the world's leading provider of software and systems enabling network-based multimedia enhanced communication and billing services. The company's Total Communication portfolio includes value-added messaging, personalized data and content-based services, and real-time converged billing solutions. Over 500 communication and content service providers in more than 130 countries use Comverse products to generate revenues, strengthen customer loyalty and improve operational efficiency. Other Comverse Technology subsidiaries include: Verint Systems Verint Systems (Pink Sheets: VRNT) is a leading provider of analytic software and hardware based solutions for the security and business intelligence markets. See also
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Important Information This document may be deemed to be solicitation material. Comverse Technology has filed a preliminary Revocation Solicitation Statement with the SEC in opposition to OPP's solicitation of agent designations. SHAREHOLDERS OF COMVERSE TECHNOLOGY ARE ENCOURAGED TO READ THE DEFINITIVE REVOCATION SOLICITATION STATEMENT AND ANY OTHER RELEVANT DOCUMENTS WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. The definitive Revocation Solicitation Statement will be mailed to shareholders of Comverse Technology. Investors and security holders will be able to obtain the definitive Revocation Solicitation Statement and any other relevant documents filed with the SEC free of charge at the SEC's website, www.sec.gov, or Comverse Technology's website, www.cmvt.com. Comverse Technology and its directors and executive officers and other members of management and employees may be deemed to participate in the solicitation of revocations. Information regarding the interests of such potential participants will be included in the Revocation Solicitation Statement and the other relevant documents filed with the SEC when they become available. |
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