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TELCORP ANNOUNCES NEW CORPORATE STRATEGY, NEW SUBSIDIARY

 TELCORP ANNOUNCES NEW CORPORATE STRATEGY, NEW SUBSIDIARY
 CHICAGO, April 10 /PRNewswire/ -- TELCORP, Inc. today announced its new corporate strategy, aimed at developing software-based systems that will change the way businesses communicate with their customers. To implement this strategy, the company has formed a new subsidiary, MUTARE, Inc. In addition, the company announced that TELCORP and VMX, Inc., which designs, manufactures, and markets a complete line of Integrated Voice Processing (IVP) systems and software, have signed a letter of intent providing for the acquisition of TELCORP's voice processing business in Illinois and Michigan.
 "Our primary interest lies in helping companies better communicate with their customers," said Tracey Powell, CEO of TELCORP. "We're concentrating on developing products and services that will integrate voice response, imaging, fax processing, E-Mail, and video into customized systems that will change the ground rules of customer communication."
 MUTARE will sell and support a number of TELCORP-developed software packages and templates, including HELPdesk, an interactive message response system for customer service; TIMEtrak, a touchtone- based time entry and accounting package; Message Desk(R), a prepackaged voice messaging Worksolutions(tm) application also marketed by VMX; CLAIMdesk, an automated message management system for insurance companies; and TELtrak, a customer tracking database.
 "We are creating software that will integrate E-mail, voice mail, and video at the desktop," said Powell. "We have a number of ways to help companies improve their profits by changing the way they communicate."
 "Selling our Chicago and Detroit customer bases to VMX allows us to focus on software development by reducing our focus on hardware," said Powell. "It also frees us to market our software products to the Fortune 1000 nationally."
 VMX will establish a new wholly owned subsidiary, VMX Systems Co. (Great Lakes), Inc., to assume responsibility for serving TELCORP's installed customer base. TELCORP will continue to operate as a D.I.A.L.PRO(R) Systems Company, a value adding reseller of VMX Integrated Voice Processing (IVP) systems, in Missouri, southern Illinois, and Wisconsin.
 Executives of the MUTARE subsidiary are Richard Quattrocchi, vice president of marketing and sales; and Edward O'Brien, chief information officer. "Rich has had experience in the data communications industry, while Ed has had experience in the software development industry," said Powell. "Among us, we have the experience to bridge the gap between data and voice."
 The TELCORP family of companies includes MUTARE, Inc., TELCORP-Missouri, TELCORP-Wisconsin, and TELCORP Credit Corporation, specializing in software development, network management, videoconferencing, and voice processing.
 -0- 4/10/92
 /CONTACT: Richard Quattrocchi of TELCORP, 708-593-7900, ext. 2540/ CO: TELCORP, Inc. ST: Illinois IN: CPR SU:


TM -- NE006 -- 7144 04/10/92 10:32 EDT
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Publication:PR Newswire
Date:Apr 10, 1992
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