Verso's Softswitch-Based Solutions Open New Opportunities For Customers.Business Editors ATLANTA--(BUSINESS WIRE)--July 22, 2003 Macro Communications Uses Verso's Clarent(R) Pstn and Edge Access Softswitch Solutions to Quickly and Easily Expand into New Markets Verso ver·so n. pl. ver·sos 1. A left-hand page of a book or the reverse side of a leaf, as opposed to the recto. 2. The back of a coin or medal. Technologies, Inc. (Nasdaq NMS See NetWare Management System. : VRSO), an integrated communications solutions company, announced today that Macro Communications will deploy Verso's Clarent PSTN and Edge Access Softswitch solutions to expand its VoIP capabilities and enter new domestic and international long distance telecommunications markets, beginning with the hyper-competitive New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of market. Several months after the deployment of Verso's NACT NACT National Association of Corporate Treasurers NACT Neural Adaptive Control Technology NACT National Association of Clinical Tutors (United Kingdom) NACT North American Canoe Tours (Florida) prepaid solution, Macro Communications will now use Verso's softswitch-based solutions to expand its lines of business to include wholesale clearinghouse services, which will enable its carrier customers to expand their service area and offer more competitive domestic and international long distance rates. Verso's Clarent Connect application, which is a key component of the solution, enables VoIP-based long distance providers to securely share minutes of use with other VoIP-based network providers, enabling both partners to reach new markets with minimal capital investment. Currently, Macro has a broad network presence in Mexico and Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. . By nearly doubling the capacity of its existing Clarent-based VoIP infrastructure, Macro will be able to offer IP clearinghouse and traffic concentration services Concentration services Movement of cash from different lockbox locations into a single concentration account from which disbursements and investments are made. to customers who want to reach the lucrative Mexico and Latin American long distance markets. Additionally, the solution will enable Marco to continue to expand its footprint beyond Mexico and Latin America, into other competitive international markets. "Although we are just beginning to integrate our engineering and sales efforts, we have already increased the opportunities we can respond to," said Steve Odom Steve Odom (born September 5, 1952 in Oakland, California) is a former American football wide receiver and kick returner in the NFL who played for the Green Bay Packers (1974-1979) and New York Giants (1979). He went to the Pro Bowl after the 1975 season. , Verso's Chairman and 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. . "Flexibility and ease of deployment of our technology enable our customers to quickly respond to new market opportunities and create additional revenue streams. In the competitive communications solutions market, our ability to continually deliver new telephony applications for our customers to launch new services will be a critical success factor for long term organic growth," he concluded. "We are aggressive about expansion," said Charlie Heath, CEO of Macro Communications, Inc. "The speed at which we've been able to execute on our growth strategy with Verso's solutions is unprecedented in our experience. With Verso's expanded solution set, we can pursue new opportunities for revenue growth that simply would not have been viable before. I fully expect that Verso's technology will play a key role in the continuing growth of our business." "Support for multiple business models is the foundation of our architecture," said Steve Langion, Verso's vice president of softswitch engineering. "By ensuring out-of-the-box integration of tandem, end-office, and enterprise elements, our platform enables new service deployment with low incremental Additional or increased growth, bulk, quantity, number, or value; enlarged. Incremental cost is additional or increased cost of an item or service apart from its actual cost. investment. By addressing the new service demands of today's hyper-competitive telecom market, our solutions are proving to be enormously compelling to our existing customer base, as well as new customers." Verso's Clarent(R) softswitch solutions have been installed in 75 countries worldwide and carry over three quarters of a billion minutes a month. The Macro Communications integration is based on the Clarent Edge Access Softswitch Solution, which provides protocol agnostic ag·nos·tic n. 1. a. One who believes that it is impossible to know whether there is a God. b. One who is skeptical about the existence of God but does not profess true atheism. 2. call control and signaling for enterprise, residential, and hybrid telephony applications. The newest version of the solution added H.323 to make it one of the most versatile call agents on the market. It is also compatible with Verso's Clarent Connect(TM) clearinghouse solution, which interconnects live traffic between hundreds of carrier networks. About Verso Technologies Verso is a leading provider of next generation communication solutions for carriers and enterprises who want to lower their communication infrastructure costs and enhance service capabilities without sacrificing reliability, scalability and Quality of Service. With an extensive solutions portfolio that extends from the core to the edge of a network, Verso enables customers to leverage legacy technology investments towards converged networks The integration of the telephone system with IP-based data networks. See softswitch. (networking) converged network - A single network that can carry voice, video and data. that are faster and more cost-effective to deploy and easier and more flexible to manage. Verso solutions are currently deployed in thousands of customer networks in hundreds of countries all around the world. For more information, contact the company at www.verso.com or by calling 678.589.3500. Forward Looking Statements Certain statements contained in this release that are not statements of historical facts are "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. " within the meaning of 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. The words - "believe," "expect," "anticipate," "intend," "will," and similar expressions are examples of words that identify forward-looking statements. Forward-looking statements include, without limitation, statements regarding our future financial position, timing of future orders, business strategy and expected cost savings. These forward-looking statements are based on our current beliefs, as well as assumptions we have made based upon information currently available to us. |
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