Court Approves Verso's Deferred Payment for NACT Acquisition.

Business Editors/High-Tech Writers

ATLANTA--(BUSINESS WIRE)--April 25, 2002

Verso Technologies, Inc. (Nasdaq NMS: VRSO), an integrated switching solutions company that is adapting the cost savings of IP networks to the unique requirements of voice, today announced that the Bankruptcy Court having jurisdiction over WA Telcom's pending Chapter 11 reorganization proceedings has approved Verso's agreement with WA Telcom to restructure the approximately $5.5 million payment that was due WA Telcom on March 31, 2002. (Please see related press release dated February 21, 2002.)

The restructured payments will be made as follows: Verso will pay WA Telcom $4.25 million, of which $1.5 million was paid on April 1, 2002, $500,000 will be paid on each of July 1, 2002, October 1, 2002 and January 1, 2003 and $1.25 million (plus interest from April 1, 2002) will be paid on April 1, 2003. As part of this agreement, Verso will release WA Telcom from any and all claims that Verso may have had against WA Telcom.

The revised payment obligation will be evidenced by a promissory note that is convertible, at WA Telcom's option, during a certain period surrounding each payment date to the extent of the payment then due, into shares of Verso common stock, at a fixed rate of $1.36 per share. If the promissory note is converted, Verso will seek to register the shares of its common stock underlying the promissory note for resale under the Securities Act of 1933.

About Verso Technologies, Inc.

Verso Technologies provides integrated switching solutions for communications service providers who want to develop IP-based services with PSTN scalability and quality of service. Verso's unique, end-to-end native SS7 over IP capability enables customers to leverage their existing PSTN investments by ensuring carrier-to-carrier interoperability and rich billing features. Verso's complete VoIP migration solutions include state-of-the-art hardware and software, OSS integration, the industry's most widely used applications and technical training and support. For more information about Verso Technologies, contact the company at www.verso.com or by calling [phone].

Forward Looking Statements

As provided by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the company cautions that statements in this release that are forward-looking statements represent management's belief and assumptions based on currently available information. Forward-looking statements can be identified by the use of words such as "believes", "intends", "may", "should", "anticipates", "expected", "estimated", "projected" or comparable terminology, or by discussion of strategies or trends. Although the company believes the expectations reflected in such forward-looking statements are reasonable, it cannot give any assurances these expectations will prove to be correct. Such statements by their nature involve substantial risks and uncertainties that could significantly impact expected results, and actual future results could differ materially from those described in such forward-looking statements. While it is not possible to identify all factors, the company continues to face many risks and uncertainties. Among the factors that could cause actual future results to differ materially are the risks and uncertainties discussed in this release and those described from time to time in the company's filings with the Securities and Exchange Commission. Should one or more of these risks materialize (or the consequences of such a development worsen), or should the underlying assumptions prove incorrect, actual results could differ materially from those forecasted or expected. The company disclaims any intention or obligation to update or revise any forward-looking statement whether as a result of new information, future events or otherwise.