Veramark Receives VeraSMART Order from Large Midwestern Medical Center.

PITTSFORD, N.Y. -- Veramark Technologies, Inc. (OTCBB:VERA) today announced receipt of a significant order from a large Midwestern Medical Center.

The Medical Center purchased VeraSMART Work Order, Tie-Line Reconciliation, Allocation, Call Accounting, and EZ-Share[TM] modules to coordinate and manage their telecommunication network consisting of Cisco and Nortel switches at 10 sites with a total of more than 50,000 extensions.

Using VeraSMART, the Medical Center will manage process flows and usage expenses within their IT and Telecom Department. The Call Accounting module will be used to track specific calls for security purposes and to allocate usage charges. Charges between sites will be allocated through the Tie-Line Reconciliation module. The Medical Center also will employ the Work Order module to manage their help desk/trouble ticketing and order processing. On-demand access to every data element stored in VeraSMART will be available through an interface of EZ-Share with the Medical Center's General Ledger System.

VeraSMART was chosen for its robust functionality, flexibility, ease of use, and the seamless integration of its modules.

About Veramark Technologies, Inc.

For over 20 years, Veramark's telemanagement solutions have set the industry standard for technological excellence, application experience, and process expertise. Veramark's completely web-based software architecture integrates communications management software with operation support systems (OSS) software. These solutions include eCAS and VeraSMART Call Accounting, Telemanagement, Work Flow Management, Asset Management, Directory/Information Management, Service Inventory Build and Line Verification, Service Analysis and Recommendations, Wireless Optimization and Ongoing Management, Contract Analysis/Negotiations, and Billing Dispute Resolution.

This broad portfolio of products and services allows enterprises to optimize network performance, increase productivity, improve enterprise security, and measurably reduce communications expenses. By utilizing industry-standard databases, secure web-browser based user interfaces, and dynamic reporting tools, Veramark's products and services make managing complex communications networks easy and efficient. Veramark's web-based software architecture eliminates the need for client software and makes the software accessible from every networked PC in the enterprise. In addition to Veramark's premise-based solutions, Veramark offers its customers a robust ASP and managed services alternative, ("TEM") designed to meet all or a portion of the customer's defined needs.

The company sells and markets its solutions directly and through leveraged distribution channels to customers ranging from the Fortune 500 to small businesses as well as the public sector, including government agencies and the military. Veramark's leadership position is demonstrated by its relationships with telecom's leaders - Avaya[R], Nortel Networks[R], Cisco Systems[R], NEC Unified, AT&T Inc., Sprint[R] and others. All Veramark products and services are made and provided by personnel in the United States.

Veramark, eCAS and VeraSMART 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 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.