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Woodland
Hills, Calif., December 07, 2000 – Vertel® (NASDAQ: VRTL),
a leading provider of middleware for the telecommunications market, today announced that a Wall Street Transcript interview with Cyrus Irani, president and CEO of Vertel, will be published in the December 11, 2000 issue.
The entire interview will also be available for free online at http://www.twst.com/ceos.htm.
During the interview, Irani noted that the telecommunications industry is moving to a highly competitive environment. "In the coming years, we expect the market to continue to open up, bringing in more opportunity from things that were done internally, to be outsourced to third parties like us."
Irani explained that two major points for investors to know about Vertel is that, "We believe our technology performs better and is more innovative than any other technology company in this same space." Irani continued, "Also, we believe we need to continue to invest in seeding the marketplace. This is the strategy that we believe will build a long-term healthy revenue stream for the company."
When asked about Vertel's customers, Irani said, "We have had a number of major players in the telecom industry license e*ORB this year and we've booked up the up-front components of those deals, but we haven't started receiving run-time royalties as yet. We expect that the deals we have signed this year will start to have a potentially significant contribution in the coming years."
Irani mentioned, "Our stock price moving forward is expected to be tied to the success of our new products in terms of customer wins and ultimately financial performance. Our goal of having a greater portion of our revenues become more predictable through growth of e*ORB run-time royalties should also favorably impact our stock price."
About The Wall Street Transcript
The Wall Street Transcript is a premier weekly investment publication interviewing market professionals for serious investors for over 37 years. The Wall Street Transcript has launched a new free service where investors can ask the above company (or any public company) a question at
http://www.qawire.com. The Wall Street Transcript does not endorse the views of any interviewee nor does it make stock recommendations.
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, California 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 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 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 December 31, 1999 and the Quarterly Report on Form 10-Q for the quarter ending September 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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