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Veraz Announces North American Distribution Agreement With Global Energy and Technology.


Supports Veraz' Distribution Efforts Into Tier 1 Carriers and Government

SAN JOSE San Jose, city, United States
San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850.
, Calif. -- Veraz Networks, Inc. (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
:VRAZ), a leading global provider of IP softswitch and media gateway solutions, announced that a new distribution agreement has been signed with Global Energy and Technology, Inc., a Service Disabled Veteran Owned Business (SDVOB SDVOB Service Disabled Veteran Owned Business ). Global Energy and Technology is a leading distributor of connectivity and convergence technology products, with established sales channels into Tier 1 U.S. carriers as well as the Federal Government.

Under the terms of the agreement, Global Energy and Technology will distribute Veraz's I-Gate 4000[TM] Media Gateways. These gateways enable carriers to bridge the gap between legacy TDM networks A network that transmits data in dedicated end-to-end circuits comprising 64 Kbps digital channels. TDM networks evolved from the analog voice networks of the telephone companies.  and next-generation VoIP networks, while providing industry-leading voice quality while optimizing bandwidth at rates of 12 to 1. By combining high-quality performance, scalability and reliability with open standards-based interfaces, the I-Gate 4000 helps carriers meet constantly-evolving market demands.

"As one of our goals is to advance connectivity throughout the U.S., we seek to collaborate with major telecommunications companies to be able to offer our clients the most technologically-advanced solutions," said Ron Greenwood Ron Greenwood CBE (November 11, 1921 — February 8, 2006) was an English football player and manager, best known for being manager of the English national football team from 1977 until 1982. He had previously been a successful manager of West Ham United. , President of Global Energy and Technology. "As a leader in state-of-the-art IP technology, Veraz is an ideal vendor to work with, to further our objectives. Together with our award-winning service, Veraz strengthens our position to provide our clients with the best solutions to meet their needs."

"We are excited to be working with Global Energy and Technology, a diversity firm that is strongly focused on customer service," said John Ryan John Ryan can refer to:
  • Several recipients of the Victoria Cross:
  • in 1857, see John Ryan (VC 1857)
  • in 1863, see John Ryan (VC 1863)
, Vice President of North American North American

named after North America.


North American blastomycosis
see North American blastomycosis.

North American cattle tick
see boophilusannulatus.
 Sales of Veraz Networks. "This winning combination of Global Energy and Technology and Veraz Networks creates a formidable partnership towards delivering next-generation IP-based solutions."

About Veraz Networks, Inc. (NASDAQ:VRAZ)

Veraz (www.veraznetworks.com) is a leading global provider of IP softswitches, media gateways and digital compression products that enable voice, video and other multimedia services. Wireline, broadband and wireless service providers in over 50 countries have deployed Veraz's IP product suite to transport, convert and manage voice and multimedia traffic over both legacy and IP networks. Veraz products allow service providers to quickly and efficiently migrate from traditional voice networks to all-IP, fixed-mobile and multimedia networks consistent with emerging IMS (1) See IP Multimedia Subsystem.

(2) (Information Management System) An early IBM hierarchical DBMS for IBM mainframes. IMS was widely implemented throughout the 1970s under MVS and continues to be used under z/OS.
 standards.

This press release may contain forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 regarding future events that involve risks and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results. These forward-looking statements involve risks and uncertainties, as well as assumptions that if they do not fully materialize or prove incorrect, could cause our results to differ materially from those expressed or implied by such forward-looking statements. The risks and uncertainties that could cause our results to differ materially from those expressed or implied by such forward-looking statements include but are not limited to, future sales of Veraz products into Tier 1 carriers and the US Federal Government, either through Global Energy and Technology or otherwise, and other risks and uncertainties described more fully in our documents filed with or furnished to the Securities and Exchange Commission. More information about these and other risks that may impact Veraz' business is set forth in our Registration Statement on Form S-1 filed with the SEC, including the "Risk Factors" section in our final Prospectus Final Prospectus

A legal document stating the price of a newly issued security, the delivery date, and other facts that are important for investors.

Notes:
The final prospectus must be given to every investor who purchases a new issue of registered securities.
 filed April 5, 2007 and Veraz' Quarterly Report on Form 10-Q Form 10-Q

See 10-Q.
 for the quarters ended March 31, 2007 and June 30, 2007 as filed with the Securities and Exchange Commission. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we assume no obligation to update these forward-looking statements.

About Global Energy and Technology, Inc

Global provides a myriad of services that, when implemented by the manufacturer and the end user client, improves the overall supply chain. Their services include Warehousing, Logistics, Bar Coding, Kitting, Assembly, Systems Integration and many others.

Global Energy and Technology was incorporated in 1993 by Ron and Lisa Greenwood. They are a State of California Certified Disabled Veteran Business Entity, a Federally Certified Service Disabled Veteran Owned Business and a State of California Certified Small Business. Ron Greenwood is a combat decorated and combat disabled veteran from the Vietnam War Vietnam War, conflict in Southeast Asia, primarily fought in South Vietnam between government forces aided by the United States and guerrilla forces aided by North Vietnam. . As a lawyer, Ron worked tirelessly with John Lopez, Chairman - Association of Service Disabled Veterans (ASDV ASDV Association for Service Disabled Veterans
ASDV Atmospheric Steam Discharge Valve
ASDV Advanced SEAL Delivery Vehicle
) in pursuit of the national legislation for disabled veterans. Ron currently serves as an Executive Board Member of the Ventura County Economic Development Association. He is a "founding member" of the Triad committee of VCEDA that promotes the integration and interaction of the local business community, education community and the Ventura County Naval Base A naval base primarily for support of the forces afloat, contiguous to a port or anchorage, consisting of activities or facilities for which the Navy has operating responsibilities, together with interior lines of communications and the minimum surrounding area necessary for local . Global continues to be a strong supporter of ASDV.

For more information on Global Energy and Technology, Inc go to www.dvbesolutions.com.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved.

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Publication:Business Wire
Date:Aug 20, 2007
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