ATLANTA, Oct. 11, 2007 (PRIME NEWSWIRE) -- Verso Technologies, Inc. (Nasdaq:VRSO), a global provider of next generation network solutions, announced today that it has been selected to provide the Verso MetroNet VoIP Overlay solution, which includes the I-Master solution.
The MetroNet VoIP Overlay solution integrates and packages a standard set of features and capabilities which includes the Verso Clarent(r) endpoint (Class-5) and tandem (Class-4) switching technologies, as well as other core capabilities and services including the optional back office component that helps in the management of the solution. In addition, the Verso I-Master supports the creation of new revenue for the delivery of voice, data and content services to communication operators that need to expand market share, track and recover revenues and deploy additional value added services.
Splendor has used this successful VoIP solution to launch their new service Ahwar (www.ahwar.net), a truly unique service that focuses on the Arab community abroad by providing a free softphone application and pre-paid online accounts.
"This application is rapidly growing into one of the largest VoIP services within the Arab community and was made possible through I-Master's advanced prepaid features," said Omar Onsi, CEO of Splendor Telecom.
Splendor has also successfully launched a VoBB service through their Jordan Licensed branch to allow customers a full alternative for the traditional phone service offerings. Integrating for Data and Voice within a single service offer.
About Splendor Telecom
Splendor Telecom is a privately held company headquartered in Beirut, Lebanon, with it's technical Data Center located in London, UK. Since its inception in 2001, Splendor Telecom has established itself in providing high quality, affordable and easy to use VoIP services to residential, small business, corporate customers as well as Telecom Carriers and PTT's throughout the world.
About Verso Technologies
Verso is a global provider of next generation network solutions offering a core-to-edge product portfolio primarily for telecommunications service providers. The company's products enable its customers to secure and optimize network bandwidth, generate additional revenue and reduce costs. Verso's applications and services are cost effective, deploy quickly and provide a superior return on investment. For more information, contact Verso at www.verso.com or call 678.589.3500.
Forward-Looking Statements
Certain statements contained in this release that are not statements of historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The words -- "believe," "expect," "anticipate," "intend," "will," and similar expressions are examples of words that identify forward-looking statements. Forward-looking statements include, without limitation, statements regarding our future financial position, timing of future orders, business strategy and expected cost savings. These forward-looking statements are based on our current beliefs, as well as assumptions we have made based upon information currently available to us.
These forward-looking statements may be affected by the risks and uncertainties in our business and are qualified in their entirety by the cautionary statements and risk factor disclosure contained in our filings with the Securities and Exchange Commission, including our annual report on Form 10-K for the year ended December 31, 2006 and our quarterly reports on Form 10-Q filed subsequent thereto. We do not assume, and expressly disclaim, any obligation to update these forward-looking statements.