Vertel Turns Over Management
of its Global TMN Summit to the International Engineering Consortium
World’s premier TMN user forum to be
managed by a professional, non-profit continuing education organization
Woodland Hills, CA, February 25, 1999 – Vertel®
(NASDAQ:VRTL),
a leading supplier of telecommunications network software, today announced
that it will turn over the ownership and responsibility for the Global
TMN Summit to the International Engineering Consortium (IEC), a leading
provider of conferences, forums and symposia for the communications industry.
Vertel will conclude its role as manager of the Summit at the closing of
this year’s conference on Friday, February 26, 1999. IEC will take
on the program development, event marketing and management of the annual
Global TMN Summit for the year 2000 and beyond. Vertel will continue
to be the primary sponsor for the Summit and will play a key role in developing
themes and topics for future conferences.
Vertel’s decision to transfer ownership of the Summit to a professional
management organization reflects the evolution of the annual event into
an internationally recognized industry forum. Today, the Global TMN
Summit is the premier venue for the exchange of issues, trends and technology
solutions focused on Telecommunications Management Networks (TMN), the
worldwide standard architecture for managing telecommunications networks.
“We’re proud our efforts have made the Summit the leading conference on
TMN technology,” said Bruce Brown, president and CEO of Vertel. “What
began as a platform for building awareness for TMN has become so powerful
that it deserves the management and marketing expertise of a dedicated
professional education organization such as IEC.”
“Vertel has done an outstanding job in developing the
Global TMN Summit into a leading telecom forum,” said Robert M. Janowiak,
executive director of IEC. “The focus of the Summit fits perfectly
with our existing curricula and with our audiences in the communications
industry. We are committed to using our organizational resources
and event management experience to build on Vertel’s success.”
Founded in 1944, the International Engineering Consortium
is a not-for-profit Industry/University cooperative which provides continuing
education, research, publications and web-based tutorials for the communications
industry. IEC organizes major industry forums, workshops, and symposia
as part of its mission to disseminate the latest developments in technology
to both industry and academia. IEC is based in Chicago, Illinois.
Vertel (NASDAQ:VRTL) develops and markets software for the management and
operations of telecommunications networks. The Company provides advanced
telecommunications management network solutions (TMN) including communications
infrastructure products, network management platforms, and applications
software for telecommunication carrier networks worldwide. In addition,
Vertel serves telecommunications equipment manufacturers, computer systems
OEMs and Internet access providers. The Company is based in Woodland Hills,
California and has sales offices throughout the world.
CONTACT VERTEL:
For press and investor relations:
Vicki Vaughn
(818) 227-1456
email: vicki-vaughn@vertel.com
For product information:
Darrin Stone
(818) 227-1451
email: darrin-stone@vertel.com
CONTACT KETCHUM:
Patrick Foarde
(916) 449-6168
email: patrick.foarde@ketchum.com
Vertel is a registered trademark of Vertel. All other
trademarks are the property of their respective owners.
"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 that involve risks and uncertainties, including timely development,
introduction and success of new and enhanced products in existing and new
markets, the acceptance of new technologies, the impact of competitive
products and technologies, pricing, currency exchange risks, governmental
and regulatory developments, and other risks detailed from time to time
in public disclosure filings with the U.S. Securities and Exchange Commission
(SEC) by Vertel.
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