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Woodland
Hills, Calif., November 9, 2000 – Vertel® (NASDAQ: VRTL),. The vice president of research, development and professional services unit for Vertel(R) Corporation (Nasdaq:VRTL), a leading provider of mediation software for telecommunications networks, has been appointed to the TeleManagement Forum (TMF) board of directors.
Toni Graham sat on the board of trustees for four years while employed by Hewlett-Packard, where she worked for more than 20 years. Graham joined Vertel in June 2000 and the TeleManagement Forum has asked her to return to her position.
TeleManagement Forum is a non-profit organization that guides the management and operation of communications services. The board of directors is selectively chosen by votes from the TMF member companies and currently has 18 trustees.
"We are proud that Toni was asked to return to the board of directors," said Cyrus D. Irani, president and CEO of Vertel. "The TM Forum obviously values her insights and expertise as much as we do and we know she will be an asset to the organization."
TeleManagement Forum also hosts the TeleManagement World conference, where experts discuss the key business issues, technology trends and real-world solutions in operations and management for the information and communications industry. The show takes place Nov. 14- 16, 2000 in Chicago. Vertel will be exhibiting at booth 303.
About TeleManagement Forum
Since 1988, TeleManagement Forum has provided successful real world solutions to many business and technology challenges born of global telecom deregulation. Dedicated to overall excellence in communications management and to solving pressing OSS integration issues, TeleManagement Forum and its member companies collaboratively identify, create, develop and implement real world solutions that automate and streamline telecom operations. Within the TM Forum, industry leaders tackle issues of interoperation and process automation that they could not address as cost-effectively or comprehensively on their own. All of TeleManagement Forum's activities are geared to facilitate the search for common solutions to the telecom industry's most pressing operational needs.
About Vertel
Vertel is a leading provider of mediation software for telecommunications networks, enabling a variety of devices such as mobile devices 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. Based in Woodland Hills, Calif., the company also has sales offices throughout the world.
For more information on Vertel or its products, contact Vertel at 21300 Victory Boulevard, Suite 700, Woodland Hills, Calif. 91367; telephone: 818/227-1400; fax: 818/598-0047.
Safe Harbor Statement: Except for the historical information presented, the matters discussed in this news release are forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934) and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements -- including, without limitation, statements regarding future operating results, sales of the company's new products, the company's long-term customer base and run-time royalties related to the e*ORB product -- should be evaluated together with the many risks and uncertainties that affect the company's business and may cause results to differ materially from those set forth in the statements. These include 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 Vertel's periodic and other reports filed 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 Dec. 31, 1999, and the Quarterly Report on Form 10-Q for the quarter ended June 30, 2000. Vertel undertakes no obligation to update forward-looking statements made in this release to reflect events or circumstances after the date of this statement.
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