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Woodland
Hills, Calif., April 25, 2000 – Vertel® (NASDAQ: VRTL), a leading provider of mediation software for telecommunications networks, today announced that Dacom, the second-largest service provider in Korea, will deploy the industry- leading Vertel e-ORB software in the first CORBA-based management system for a wireless network.
e-ORB software, the telecommunications industry's first CORBA-based technology designed with telecom-grade reliability (99.999 percent), high-performance, small form factor, and platform independence, will replace existing CORBA technology being used by Dacom in its current projects. This contract marks the first deployment of Vertel's e-ORB software in Asia. Dacom will begin deployment of e-ORB software in May 2000.
"e-ORB software is the only CORBA-based product that ensures the level of performance our projects demand," said Hyun Chul Ju, executive director, Network Management Development Division, Dacom. "We selected Vertel not only for their e-ORB software but also for their extensive product line and expertise. The company provides a wide range of telecommunication solutions, and we are confident that our relationship will grow."
"Our contract with Dacom marks the introduction of e-ORB software into the rapidly growing Asian telecommunications market," said Bruce Brown, president and CEO, Vertel. "This relationship will strengthen our position as the leader in telecom specific CORBA-based technologies. We look forward to building and growing our relationship with Dacom to carry them into the future."
About Dacom
Dacom is a leading information and telecommunication company in Korea. Dacom, the second-largest carrier in Korea, provides long distances and international telephone service with high-speed connectivity, high quality, and low rate over the world (233 regions in 189 countries). In addition, Dacom provides corporate communication, information online (Chollian) and Internet service (Chollian PPP). For more information about Dacom, visit
http://www.dacom.co.kr.
About Vertel
Vertel is a leading provider of mediation software for telecommunications networks, enabling such devices as cellular phones to become an integral, intelligent part of a company's network topology. The company's pioneering mediation software, e-ORB(TM), is being adopted by top telecommunications, e-business, and manufacturing companies. Vertel offers a variety of technologies and applications, supporting end-to-end network, and service management with the highest quality of service for network operations.
Vertel solutions are deployed worldwide by service providers, network operators, software vendors and systems integrators. Vertel also develops turnkey management applications that fit individual customer requirements through its Professional Services Unit. The company is based in Woodland Hills, and has sales offices throughout the world.
For more information on Vertel or its products, contact Vertel at 21300 Victory Blvd., Suite 700, Woodland Hills, Calif. 91367; telephone: (818) 227-1400; fax: (818) 598-0047 or visit the Vertel Web site at
http://www.vertel.com.
NOTE TO EDITORS: In the name e*ORB software noted in this news release, there is an asterisk between e and ORB. This symbol may not appear properly in some systems.
"Safe Harbor" Statements under the Private Securities Litigation Reform Act of 1995: Except for the historical information presented, the matters discussed in this news release are forward-looking statements. These statements should be evaluated together with the many risks and uncertainties that affect our business, 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 possibility that delays or difficulties will arise in implementing complex products and technologies and enabling them to work successfully with other complex products and technologies; 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 and uncertainties 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 for the year ended December 31, 1999.
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