Veramark Technologies, Inc. (OTCBB: VERA) announced receipt of a new 3-year managed services contract with a large beverage company, that approaches $200,000 in value. Veramark’s ASP (Application Service Provider) model allows its customers easy web browser access to the full functionality of the VeraSMART Suite of Applications; without the need to install, host, and maintain a premise-based solution. The client will utilize Veramark’s Call Accounting module primarily for performing departmental bill back of telecom charges.

The company also will employ VeraSMART’s Invoice Management module to perform carrier bill management and allocate usage charges from multiple Wireless and Wireline Carriers. In addition, EZ-Share™, Veramark’s exclusive data import/export utility, will be utilized to feed data to the customer’s general ledger system. The Veramark services will be used to manage more than 20,000 extensions on a voice network comprised of 11 Siemens PBX’s.

The flexibility of Veramark’s offerings allows small, medium, and large business enterprises to buy what they require today and expand as future needs dictate. Clients have the option to select a managed services model or to purchase a right-to-use software license for all of the VeraSMART modules including Call Accounting, Allocation, Invoice Management, Online Directory, Asset Management, and Work Order. Using the same premise-based telemanagement tools developed by Veramark, the Managed Services solutions can remotely poll, process, and report on telecommunications and work flow activity; then provides comprehensive reports and analysis in a variety of formats.

Veramark president and CEO David Mazzella said, “For companies that recognize the benefits of telemanagement solutions, but would rather not manage a system themselves, Veramark’s Managed Services offers application hosting in a variety of arrangements from full-service to Applications Service Provider (ASP) models. We are pleased to provide our new client with solely dedicated and optimized servers maintained in a secure environment; end-to-end Web access; our industry–leading service delivery and dedicated account support; and knowledgeable technical support. Revenue from this contract will be realized over a 36 month period.”

VeraSMART is available from Veramark and their leading industry partners. For more information, visit www.veramark.com.

About Veramark Technologies, Inc.

For over 20 years, Veramark’s telemanagement solutions have set the industry standard for technological excellence, application experience, and process expertise. Veramark’s completely web-based software architecture integrates communications management software with operation support systems (OSS) software. These solutions include Call Accounting, Telemanagement, Work Flow Management, Asset Management, Directory/Information Management, Service Inventory Build and Line Verification, Service Analysis and Recommendations, Wireless Optimization and Ongoing Management, Contract Analysis/Negotiations, and Billing Dispute Resolution.

This broad portfolio of products and services allows enterprises to optimize network performance, increase productivity, improve enterprise security, and measurably reduce communications expenses. By utilizing industry-standard databases, secure web-browser based user interfaces, and dynamic reporting tools, Veramark’s products and services make managing complex communications networks easy and efficient. Veramark’s web-based software architecture eliminates the need for client software and makes the software accessible from every networked PC in the enterprise. In addition to Veramark’s premise-based solutions, Veramark offers its customers a robust ASP and managed services alternative, designed to meet all or a portion of the customer’s defined needs.

The company sells and markets its solutions directly and through leveraged distribution channels to customers ranging from the Fortune 500 to small businesses as well as the public sector, including government agencies and the military. Veramark’s leadership position is demonstrated by its relationships with telecom's leaders - Avaya®, Nortel Networks®, Cisco Systems®, NEC Unified, AT&T Inc., Sprint® and others. All Veramark products and services are made and provided by personnel in the United States.