REPEAT/Vertel's Chief Executive Officer and President Online With the WallStreetReporter.com to Talk Business.WOODLAND HILLS, Calif.--(BUSINESS WIRE)--July 13, 1999-- Bruce Brown, Vertel's 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. and President, Talks About the Company's Strategy and its Recent Announcement About its Strategic Alliance with Lucent Vertel Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :VRTL), a leading global provider of multi-management solutions for telecommunications networks, Tuesday announced that the company's President and Chief Executive Officer Bruce Brown is being featured in an interview with the WallStreetReporter.com. To access the interview, go to www.wallstreetreporter.com. This is part of Vertel's continuing efforts to reinforce its product and market strategy, increase the company's exposure to the public and increase shareholder value. The interview covers all aspects of the company and is highlighted by a discussion focusing on the company's competitive advantages and its recent announcement about its strategic alliance with Lucent Technologies. "This alliance bolsters our strategy for adding value to our network equipment manufacturer customers and our third-party applications suppliers," said Brown. "By providing network protocol conversion and mediation software Software that gathers and consolidates users' transmission usage from the network. It converts that data into a billing format for accounting and creates usage and marketing reports. , Vertel can help Lucent continue to focus its resources on delivering leading 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 applications." Vertel's mediation solutions framework is built on Telecore2, the next generation of Vertel's TMNTelecore product, one of the industry's most widely deployed TMN (Telecommunications Management Network) A set of international standards for network management from the ITU. It is used by large carriers such as Sprint, Verizon and AT&T. standards-based management platforms. The framework provides standards-based and proprietary interfaces to multi-vendor OSSs and network equipment, integrates a carrier-grade CORBA (Common Object Request Broker Architecture) A software-based interface from the Object Management Group (OMG) that allows software modules (objects) to communicate with each other no matter where they are located on a private network or the global distribution platform, and is designed to maximize reusability and expedite deployment. The framework also leverages key Vertel technologies, such as the OpenStore persistence storage module and world-class simulation tools. About Vertel Vertel is a leading global provider of telecom network management software and solutions that support multiple management technologies. These solutions provide public and IP network operations support systems (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. ) infrastructures the key components required for end-to-end network and service management with carrier-grade quality of service. Vertel delivers telecom management solutions worldwide to service providers, network operators, telecom equipment manufacturers, and independent software vendors and systems integrators. Vertel also delivers turnkey management applications that fit individual customer requirements through its Professional Services Organization. The company is based in Woodland Hills, and has sales offices throughout the world. Contact Vertel on the World Wide Web at http://www.vertel.com. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statements under 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: Except for the historical information presented, the matters discussed in this news release are forward-looking statements that involve risks and uncertainties, including timely and successful development of products and technologies; successful introduction and customer acceptance of new and enhanced products and technologies in existing and new markets; the possible development and introduction of competitive products and new and alternative technologies; pricing, currency and exchange risks; governmental and regulatory developments affecting Vertel and its customers; the ability to identify, conclude, and integrate acquisitions on a timely basis; the ability to retain and attract key personnel; and other risks detailed from time to time in public disclosure filings with the U.S. Securities and Exchange Commission (SEC) by Vertel, including, but not limited to, the 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 Dec. 31, 1998, and the Quarterly Report on Form 10-Q Form 10-Q See 10-Q. for the quarter ended March 31, 1999. Vertel is a registered trademark of Vertel. All other trademarks are the property of their respective owners. |
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