International Banking Institution Chooses VeraSMART(R) Solution.PITTSFORD, N.Y. -- Veramark Technologies, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : VERA VERA Virtual Entity of Relevant Acronyms VERA Virtual Electronic Resource Access VERA Vienna Environmental Research Accelerator VERA Verzeichnis Edv-Relevanter Akronyme (German: Virtual Entity of Relevant Acronyms; website) ) today announced a VeraSMART order from an international banking institution. The customer purchased SMART Directory (VeraSMART's core module), SMART Call Accounting for up to 5,000 extensions at four sites, SMART Allocation, EZ-Share(TM) data export, and tie line reconciliation. The customer plans to utilize VeraSMART for internal chargeback Chargeback The charge a credit card merchant pays to a customer after the customer successfully disputes an item on his or her credit card statement. Notes: Customers dispute charges to their credit card usually when goods or services are not delivered within the of telecom usage costs and data export to a corporate general ledger General Ledger A company's accounting records. This formal ledger contains all the financial accounts and statements of a business. Notes: The ledger uses two columns: one records debits, the other has offsetting credits. system. Tie line reconciliation will be used to track calls that are routed through multiple networking systems. 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 more than 20 years, Veramark (www.veramark.com) has set the industry standard for telecom network cost control solutions by delivering technological excellence, application experience and process expertise. Our focus on convergence in the communications market has resulted in a broad portfolio of products and services that allow enterprises to measurably reduce communications expenses, optimize network performance, increase productivity, and improve enterprise security. Our solutions are fully compatible with IP-telephony, traditional PBX (Private Branch eXchange) An inhouse telephone switching system that interconnects telephone extensions to each other as well as to the outside telephone network (PSTN). , and CENTREX environments. Veramark's totally web-based software architecture leverages leading edge technology to consistently deliver enterprise cost management solutions that are easy to use, install and maintain. The company's leadership position is demonstrated by relationships with telecom's elite--Avaya(R), Cisco Systems “Cisco” redirects here. For other uses, see Cisco (disambiguation). Cisco System,Inc. (NASDAQ: CSCO, HKSE: 4333 ) is an American multinational corporation with 54,000 employees and annual revenue of US $28.48 billion as of 2006. (R), Aastra Intecom, Nortel Networks(R), NEC (NEC Corporation, Tokyo, www.nec.com, www.necus.com) An electronics conglomerate known in the U.S. for its monitors. In Japan, it had the lion's share of the PC market until the late 1990s (see PC 98). NEC was founded in Tokyo in 1899 as Nippon Electric Company, Ltd. America(R), SBC (1) (SBC Communications Inc., San Antonio, TX, www.sbc.com) A large, national telecommunications company that grew from a multitude of local and regional companies, including Southwestern Bell, Pacific Bell and Nevada Bell, into a single, unified brand by 2002. (R), Sprint(R), and others--and an installed base of nearly 100,000 customers that range from the Fortune 500, to the public sector, and small businesses. All Veramark products and services are made and provided by personnel in the United States. Veramark, VeraSMART, and Quantum Series 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 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. 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. |
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