CMVT Comverse Technology, Inc. (MM)

Comverse, a unit of Comverse Technology, Inc. (NASDAQ: CMVT), and the world's leading supplier of software and systems enabling network-based multimedia enhanced communication services, today announced that GPC (VinaPhone), Vietnam's largest mobile operator, has selected Comverse's Multimedia Messaging Service Center (MMSC) and Mobile Data Gateway (MDG) to provide expanded multimedia and video messaging services. Mr. Hoang Trung Hai, Director of GPC (VinaPhone) said, "We chose Comverse MMSC to replace our legacy system because by deploying a powerful and versatile MMSC, we expect to increase our market leadership position. We also are pleased to expand our strong relationship with Comverse based on our previous experience with their SMS, voicemail, and prepaid services." Eitan Achlow, President of Comverse International, said, "Comverse's MMSC and MDG successfully passed VinaPhone's rigorous and competitive selection process, which included examining technical issues like performance, throughput, capacity and reliability. Today's MMS services have new requirements like mass delivery of time-sensitive video content. Comverse's messaging and data solutions help dynamic operators like VinaPhone to meet these challenging demands." About the Comverse MMS Solutions Suite Comverse provides a complete suite of MMS solutions that are designed to boost traffic and operator revenues while providing a superior user experience. Comverse Multimedia Messaging Service Center (MMSC) is a scalable telco-grade system, fully compliant with industry standards, for person-to-person as well as application-to-person messaging of rich multimedia content. Built on eXtensible Messaging Framework (XMF) architecture and part of the Comverse InSight environment, Comverse MMSC delivers advanced features and functionality on an open, flexibly configurable and easy-to-deploy platform. Rules-based content adaptation capabilities provide broad MMS handset and legacy device support with a superior user experience. Comverse MMS Exchange streamlines interconnectivity between operators by creating a central hub requiring only a single connection from each operator. The result is simplified implementation and maintenance of inter-operator MMS service, making possible the free flow of MMS messaging worldwide. Comverse Messaging Application Center is a complete solution for content aggregation and mass delivery of Application-to-Person (A2P) messages, enabling fast and easy launch of MMS content services and promotional campaigns. Equipped with an efficient high-capacity A2P MMS delivery engine, Comverse Messaging Application Center is deployable independent of the incumbent MMSC. About GPC (VinaPhone) A subsidiary Company of Vietnam Posts and Telecommunications Corporation, Vietnam Telecom Services Company (GPC) (VinaPhone) was officially established on June 26, 1996 as a nationwide mobile phone network using next generation and modern GSM technology, with an eye towards creating healthy competition in Vietnam's mobile communication market. By the end of 2000, VinaPhone had completed its coverage of nearly all residential areas, industrial zones, highways, tourism spots, and border-gates throughout the country. Many popular new services such as prepaid mobile phone service and international roaming have been launched. Following several years of strong growth and development, VinaPhone is proud to have attained the status of the largest mobile phone network in the country, with approximately 2.2 million subscribers and the widest coverage area in Vietnam. Our vision is to continue to modernize the network in order to provide cutting-edge products and the best possible service to our customers. About Comverse Comverse, a unit of Comverse Technology, Inc. (NASDAQ: CMVT), is the world's leading provider of software and systems enabling network-based multimedia enhanced communication services. These value-added enhanced services solutions, along with the company's real-time billing solutions, comprise the company's Total Communication portfolio. Comverse's Total Communication portfolio addresses four primary categories: call completion and call management solutions; advanced messaging for groups, communities and person-to-person communication; solutions and enablers for the management and delivery of data and content-based services; and real-time billing and account management solutions for dynamic service environments. Other Comverse Technology business units include: Verint Systems, a leading provider of analytic software-based solutions for communications interception, networked video security and business intelligence; and Ulticom, a leading provider of service enabling signaling software for wireline, wireless and Internet communications. Comverse Technology is an S&P 500 and NASDAQ-100 Index company. For additional information, visit the Comverse Web site at www.comverse.com or Comverse Technology's Web site at www.cmvt.com. All product and company names mentioned herein may be registered trademarks or trademarks of Comverse or the respective referenced company(s). Note: This release may contain "forward-looking statements" under the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. There can be no assurances that forward-looking statements will be achieved, and actual results could differ materially from forecasts and estimates. Important factors that could cause actual results to differ materially include: changes in the demand for the Company's products; changes in capital spending among the Company's current and prospective customers; the risks associated with the sale of large, complex, high capacity systems and with new product introductions as well as the uncertainty of customer acceptance of these new or enhanced products from either the Company or its competition; risks associated with rapidly changing technology and the ability of the Company to introduce new products on a timely and cost-effective basis; aggressive competition may force the Company to reduce prices; a failure to compensate any decrease in the sale of the Company's traditional products with a corresponding increase in sales of new products; risks associated with changes in the competitive or regulatory environment in which the Company operates; risks associated with prosecuting or defending allegations or claims of infringement of intellectual property rights; risks associated with significant foreign operations and international sales and investment activities, including fluctuations in foreign currency exchange rates, interest rates, and valuations of public and private equity; the volatility of macroeconomic and industry conditions and the international marketplace; risks associated with the Company's ability to retain existing personnel and recruit and retain qualified personnel; and other risks described in filings with the Securities and Exchange Commission. These risks and uncertainties, as well as others, are discussed in greater detail in the filings of the Company with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. These documents are available through the Company, or its website, www.cmvt.com, or through the SEC's Electronic Data Gathering Analysis and Retrieval system (EDGAR) at www.sec.gov. The Company makes no commitment to revise or update any forward-looking statements in order to reflect events or circumstances after the date any such statement is made.