CMVT Comverse Technology, Inc. (MM)

Comverse, a subsidiary of Comverse Technology, Inc. (NASDAQ: CMVT) and the world's leading supplier of software and systems enabling network-based multimedia enhanced communication and billing services, today announced that Yunnan Mobile Communication Company Limited (Yunnan MCC), a subsidiary of China Mobile, has deployed the Comverse InSight� Open Services Environment, including a comprehensive suite of call completion and call management services to help subscribers complete and manage calls. Comverse�s InSight Open Services Environment enables the rapid cost-effective deployment of multimedia messaging, content solutions, personalization and voice applications. The call management solutions launched at Yunnan MCC, including Notify Me, Who Called�, Smart Call, and Multimedia Call Completion, benefit both callers and called parties. With the Notify Me service, callers receive a one-touch connection option as soon as an unreachable party becomes available. Who Called� provides a called party with information about calls that were missed when the handset was off or out of range. Smart Call gives the called party new real-time ways to handle incoming calls, including preconfigured SMS replies and pre-recorded voice responses, and Multimedia Call Completion uses MMS to deliver voice messages immediately to the handset, incorporating attractive visual media that can be personalized, such as animated graphics. "We selected this innovative suite of services based on its technical merits. It is a total solution for call completion and call management with a solid business model that well addresses the needs and preferences of our users," said a Yunnan MCC official. "The solution helps all users to complete and handle calls, and it adds a superb new visual dimension for our users with MMS handsets." "Yunnan MCC is an innovative and influential operator, and we are honored that they chose the Comverse solution," said Eitan Achlow, President of the Asia Pacific Division at Comverse. "The services they launched enhance the user experience and enable increased operator revenues by getting more billable calls completed. This deployment of InSight in China is further evidence of the expansion of our successful activities in the strategic Chinese market." About Yunnan MCC: Yunnan MCC, a wholly-owned subsidiary of China Mobile, is the leading operator in its region, and its subscriber base of more than ten million is growing rapidly. China Mobile plays a leading role in the development of the mobile communications industry in China and holds an important position in the international arena as well. It ranks the first in the world in terms of the network scale and the customer base. By the end of 2005, the total number of subscribers was more than 240 million. About Comverse Comverse, a subsidiary of Comverse Technology, Inc. (NASDAQ: CMVT), is the world�s leading provider of software and systems enabling network-based multimedia enhanced communication and billing services. The company's Total CommunicationSM portfolio includes value-added messaging, personalized data and content-based services, and real-time converged billing solutions. Over 450 communication and content service providers in more than 120 countries use Comverse products to generate revenues, strengthen customer loyalty and improve operational efficiency. For additional information, visit the Comverse website at www.comverse.com or the Comverse Technology website 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 contains �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: the results of the investigation of the Special Committee, appointed by the Board of Directors on March 14, 2006, of matters relating to the company�s stock option grant practices and other accounting matters, including revenue recognition, recording of deferred tax accounts, expenses misclassification, misuse of accounting reserves and understatement of backlog; the impact of any restatement of financial statements of the company or other actions that may be taken or required as a result of such reviews; the company�s inability to file reports with the Securities and Exchange Commission; risks associated with the company�s inability to meet NASDAQ requirements for continued listing, including possible delisting; risks relating to the right of holders of ZYPS to require the company to repurchase their ZYPS upon delisting of the company�s shares from NASDAQ at a repurchase price equal to 100% of the principal amount of ZYPS to be purchased; risks of litigation and of governmental investigations or proceedings arising out of or related to the company�s stock option grants or any other accounting irregularities or any restatement of the financial statements of the company; risks associated with integrating the businesses and employees of the Global Software Services (�GSS�) division acquired from CSG Systems International, Netcentrex S.A. and Netonomy, Inc.; 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 discussed above, 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 and Current Reports on Form 8-K. 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. Comverse, a subsidiary of Comverse Technology, Inc. (NASDAQ: CMVT) and the world's leading supplier of software and systems enabling network-based multimedia enhanced communication and billing services, today announced that Yunnan Mobile Communication Company Limited (Yunnan MCC), a subsidiary of China Mobile, has deployed the Comverse InSight(TM) Open Services Environment, including a comprehensive suite of call completion and call management services to help subscribers complete and manage calls. Comverse's InSight Open Services Environment enables the rapid cost-effective deployment of multimedia messaging, content solutions, personalization and voice applications. The call management solutions launched at Yunnan MCC, including Notify Me, Who Called(TM), Smart Call, and Multimedia Call Completion, benefit both callers and called parties. With the Notify Me service, callers receive a one-touch connection option as soon as an unreachable party becomes available. Who Called(TM) provides a called party with information about calls that were missed when the handset was off or out of range. Smart Call gives the called party new real-time ways to handle incoming calls, including preconfigured SMS replies and pre-recorded voice responses, and Multimedia Call Completion uses MMS to deliver voice messages immediately to the handset, incorporating attractive visual media that can be personalized, such as animated graphics. "We selected this innovative suite of services based on its technical merits. It is a total solution for call completion and call management with a solid business model that well addresses the needs and preferences of our users," said a Yunnan MCC official. "The solution helps all users to complete and handle calls, and it adds a superb new visual dimension for our users with MMS handsets." "Yunnan MCC is an innovative and influential operator, and we are honored that they chose the Comverse solution," said Eitan Achlow, President of the Asia Pacific Division at Comverse. "The services they launched enhance the user experience and enable increased operator revenues by getting more billable calls completed. This deployment of InSight in China is further evidence of the expansion of our successful activities in the strategic Chinese market." About Yunnan MCC: Yunnan MCC, a wholly-owned subsidiary of China Mobile, is the leading operator in its region, and its subscriber base of more than ten million is growing rapidly. China Mobile plays a leading role in the development of the mobile communications industry in China and holds an important position in the international arena as well. It ranks the first in the world in terms of the network scale and the customer base. By the end of 2005, the total number of subscribers was more than 240 million. About Comverse Comverse, a subsidiary of Comverse Technology, Inc. (NASDAQ: CMVT), is the world's leading provider of software and systems enabling network-based multimedia enhanced communication and billing services. The company's Total Communication(SM )portfolio includes value-added messaging, personalized data and content-based services, and real-time converged billing solutions. Over 450 communication and content service providers in more than 120 countries use Comverse products to generate revenues, strengthen customer loyalty and improve operational efficiency. For additional information, visit the Comverse website at www.comverse.com or the Comverse Technology website 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 contains "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: the results of the investigation of the Special Committee, appointed by the Board of Directors on March 14, 2006, of matters relating to the company's stock option grant practices and other accounting matters, including revenue recognition, recording of deferred tax accounts, expenses misclassification, misuse of accounting reserves and understatement of backlog; the impact of any restatement of financial statements of the company or other actions that may be taken or required as a result of such reviews; the company's inability to file reports with the Securities and Exchange Commission; risks associated with the company's inability to meet NASDAQ requirements for continued listing, including possible delisting; risks relating to the right of holders of ZYPS to require the company to repurchase their ZYPS upon delisting of the company's shares from NASDAQ at a repurchase price equal to 100% of the principal amount of ZYPS to be purchased; risks of litigation and of governmental investigations or proceedings arising out of or related to the company's stock option grants or any other accounting irregularities or any restatement of the financial statements of the company; risks associated with integrating the businesses and employees of the Global Software Services ("GSS") division acquired from CSG Systems International, Netcentrex S.A. and Netonomy, Inc.; 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 discussed above, 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 and Current Reports on Form 8-K. 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.