Connexn and AMS to Offer Combined Cost and Revenue Assurance Solution.Business Editors/High-Tech Writers WESTMINSTER, Colo.--(BUSINESS WIRE)--Aug. 5, 2003 Connexn's CRA See Community Reinvestment Act. Enhances AMS' OSS Oss (ôs), city (1994 pop. 62,141), North Brabant prov., S Netherlands; chartered 1399. It is a significant industrial center. Manufactures include meat products, chemicals, pharmaceuticals, electrical equipment, and metalware. Solutions by Lowering Operational Costs and Increasing Bottom-Line Profits for Communications Service Providers Connexn Technologies, the industry leader in technology-based Cost and Revenue Assurance (CRA) solutions, today announced that American Management Systems American Management Systems (previous NASDAQ symbol: AMSY) was founded in 1970 as a technology and management consulting firm. It was founded by a group of five former United States Department of Defense officials who worked under Robert McNamara in the Kennedy and Johnson , Incorporated (AMS AMS - Andrew Message System ), a global business and IT consulting firm, will offer Connexn's proven CRA solutions as part of its complete operations support systems Operations Support Systems (also called Operational Support Systems or OSS) are computer systems used by telecommunications service providers. The term OSS most frequently describes "network systems" dealing with the telecom network itself, supporting processes such (OSS) offering to communications service providers. Connexn's CRA solutions bring an added component to AMS' customers that will increase their operational efficiencies, revenues and service margins by reducing cost and revenue leakage across the enterprise. AMS' Communications, Media and Entertainment (CME CME See: Chicago Mercantile Exchange CME See Chicago Mercantile Exchange (CME). ) practice provides integrated solutions to address some of the most critical issues facing communications service providers today -- faster and more accurate service provisioning, accurate and timely billing, increased customer loyalty/retention and responsive customer service and account management. With today's announcement, AMS' CME practice will now offer its customers Connexn's blend of technology, methodology and domain expertise that tackles cost and revenue leakage at its source by restoring data integrity within the communications service provider (CSP (1) (Certified Systems Professional) An earlier award for successful completion of an ICCP examination in systems development. See ICCP. (2) (Commerce Service P ) enterprise. Connexn's holistic Detect, Correct, Ensure(TM) approach to CRA leverages automation to identify, prioritize and rectify errors in operational and usage data that result in revenue loss and unnecessary costs, and prevent the introduction of data errors on a go-forward basis. "Connexn offers one of the most comprehensive and complementary cost and revenue assurance solutions available in the marketplace," said Robert Kamba, AMS vice president of Communications, Media and Entertainment. "Connexn's approach provides a mechanism to achieve return on investment quickly, while addressing the root cause of cost and revenue leakage. We believe Connexn's proven track record of delivering measurable and sustainable results in revenue and cost recovery will bring exceptional support to our global customers as they strive to increase operational efficiencies, reduce churn, improve customer satisfaction and increase profitability." "We are pleased to be chosen as AMS' best-of-breed partner for CRA to enhance its OSS offering to the communications industry," said Charles Crenshaw cren·shaw also cran·shaw n. A variety of winter melon (Cucumis melo var. inodorus) having a greenish-yellow rind and sweet, usually salmon-pink flesh. [Origin unknown.] , president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Connexn Technologies. "Financial integrity is crucial to communications executives as they look for more efficient and profitable ways of running their businesses. Together with AMS, we will deliver ROI-based OSS solutions that include our complete CRA capabilities, and help ensure the integrity of the revenue streams for global CSP customers." About AMS AMS is a premier business and IT consulting firm to the government, financial services, and communications industries around the globe. AMS combines IT ingenuity and industry IQ to drive high-performance results. Known for its delivery and service excellence for more than 30 years, AMS specializes in enterprise resource planning See ERP. (application, business) Enterprise Resource Planning - (ERP) Any software system designed to support and automate the business processes of medium and large businesses. , credit risk management, customer relationship management, and enterprise security. AMS applies both proprietary and partner technologies, and provides solutions through business consulting, systems integration, and outsourcing. Founded in 1970, AMS is headquartered in Fairfax, Va., and has offices worldwide. The company is traded on the Nasdaq National Market under the symbol AMSY AMSY American Management Systems, Inc (stock symbol) . For detailed information about AMS, visit www.ams.com. About Connexn Technologies Based in Westminster, Colo., and with offices in the U.K. and Singapore, Connexn Technologies provides communications service providers in the wireline, wireless, Internet, broadband, data and cable markets with the industry's most comprehensive set of cost and revenue assurance solutions. The company's blend of technology and services help increase revenues, decrease costs and improve margins. With more than 70 global customers that include AT&T, Qwest, BT, KPN KPN Koninklijke PTT Nederland (Royal Dutch Telecom) KPN Konfederacja Polski Niepodleglej (Polish conservative party) , Orange, Comcast, and Citizens, Connexn Technologies is privately held and backed by leading venture firms. For more information, please visit www.cnnxn.com. This release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements are based on management's current expectations and are subject to risks, uncertainty and changes in circumstances. Actual results may vary materially from the expectations contained in the forward-looking statements. All statements contained in this release that are not clearly historical in nature are forward-looking, and the words "anticipate," "believe," "expect," "estimate," "intends" and similar expressions are generally intended to identify forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: risks in project delivery and staffing, risk of revenues not being realized when expected, risk of increased competition in the markets, and the effects of economic uncertainty on client expenditures as well as other factors described in AMS's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2002. The Company specifically disclaims any obligation to update these forward-looking statements. These forward-looking statements should not be relied upon as representing the Company's (estimates or) views as of any subsequent date. |
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