Vertel Announces Change to Board of Directors

Woodland Hills, CA, January 26, 1999 – Vertel® (NASDAQ:VRTL), ), a leading supplier of telecommunications network software, announces that Joe Stephan has resigned as a director of the company.

 Mr. Stephan, 54, served as president and chief executive officer of Retix from September 1995 until December 1997, and as a consultant to the company from July 1995 to September 1995.

“Throughout his years of service to Vertel and its predecessor company, Joe has made significant and lasting contributions,” said Vertel President and Chief Executive Officer Bruce Brown. “We thank him for his dedication and commitment, and wish him the best for the future.”

“Earlier this week we announced a number of executive-level changes intended to better focus Vertel on our most promising markets in advanced telecommunications software and services,” Mr. Brown said.  “In addition, we are currently in the process of seeking new members to our board who can contribute a knowledge and understanding of our target markets as we begin to implement our growth strategies.”
 

About Vertel Corporation

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, Vertel
(818) 227-1456
email: vicki-vaughn@vertel.com

CONTACT FRB:

(310) 442-0599

Virginia St. John-Needham, General Information
Marjorie Ornston, Media Inquiries
Jill Fukuhara, Investor Contact
 

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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