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Woodland
Hills, Calif., November 20, 2000 – Vertel® (NASDAQ: VRTL), a leading provider of middleware for the telecommunications market, now has a vice president serving as vice chairman Americas for the TeleManagement Forum.
Toni Graham was recently named to the board of directors for TMF. At the TeleManagement World conference in Chicago last week, Graham was re-elected by the board of directors to serve as an officer.
"I am honored to be elected to this position," said Toni Graham, vice president research, development and professional services for Vertel. "I plan to take this opportunity to further extend the role of the forum and also make sure the views of the constituents are taken to the board of directors."
In this position, Graham is responsible for serving as an ambassador to the people in the Americas region and will ensure that the forum meets the needs of the constituents.
"We are proud of how Toni is viewed in the telecommunications industry, which was proven by her election as an officer for the TeleManagement Forum," said Cyrus D. Irani, president and CEO of Vertel. "We're also pleased that Vertel has been able to attract talent of this caliber into the business."
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 middleware for the telecommunications industry. Vertel provides high performance, reliable middleware for connecting modern, distributed computing software. The company specializes in software that manages broadband, wireless and Internet networks and the embedded software that runs the hardware in these networks.
Vertel middleware provides software-to-software communication for connecting telecom management systems together, connecting the distributed software inside telecom network equipment and connecting the communication software of mobile devices such as hand-held PDAs with network based applications.
Vertel products are sold worldwide to network equipment manufacturers, service providers, software vendors and systems integrators. The company's customer base is a "who's who" of the telecom industry. Vertel also develops turnkey management applications that fit individual customer requirements through its Professional Services Unit. The company is based in Woodland Hills, Calif., and 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 or visit the Vertel Web site at
http://www.vertel.com.
Safe Harbor Statement: Except for the historical information presented, the
matters discussed in this news release are forward looking statements and
are made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These statements should be evaluated together
with the many risks and uncertainties that affect our 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 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 quarters ending March 31, June 30, 2000, and Sept. 30,
2000. Vertel undertakes no obligation to correct inadvertent or intentional
miscommunication by members of the press of the company's formal or informal
statements to the media or to update forward-looking statements made in this
release to reflect events or circumstances after the date of this statement.
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