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Woodland
Hills, Calif., December 12, 2000 – Vertel® (NASDAQ: VRTL),
a leading provider of middleware for the telecommunications market, today announced the appointment of Robert T. Flood to the Vertel board of directors.
Flood, 52, has more than 25 years of experience in international communications. Flood is presently a private consultant. He previously served as chief technology officer for Cable and Wireless - Global from April 1999 until August 2000.
Before joining Cable and Wireless, Flood acted as vice president, engineering and chief technology officer for six years at ICG Communications. He was also involved in a variety of leadership positions with Centel Telephone Co. from 1974 until he joined ICG in 1993.
"Robert's expertise in the telecommunications industry will be invaluable in helping to shape the future of Vertel as an industry leader," said Bruce W. Brown, chairman. "We look forward to working closely with Robert and to benefit from his insights on how we can increase Vertel's contribution to the telecommunications industry."
"I believe Vertel is uniquely positioned to serve the emerging needs of the telecommunications industry," said Flood. "I am excited at the prospect of contributing to the future success of Vertel."
Flood holds a bachelor of arts in economics from the University of Nebraska at Lincoln and a master's degree in economics from the University of Nevada at Las Vegas. He also attended the Kellogg Executive Development Program at the J.L. Kellogg Graduate School of Management, Northwestern University in Chicago.
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 handheld 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 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.
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 Dec. 31, 1999, and the Quarterly Report on Form 10-Q for the quarter ended Sept. 30, 2000. Vertel undertakes no obligation to correct inadvertent or intentional miscommunication by members of the media 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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