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VERA News Veramark Announces New VeraSMART(R) Asset Management Module

PITTSFORD, N.Y.--(BUSINESS WIRE)--Veramark Technologies, Inc. (OTCBB: VERA) today announced the release of VeraSMART 5.0, which introduces the new VeraSMART Asset Management module. With this release, Veramark continues to enhance its robust enterprise productivity and resource management solution. The Asset Management module is completely integrated with VeraSMART’s Work Order/Help Desk, Allocation and Directory modules, providing the user with a single point of entry.

VeraSMART’s easy-to-use web user interface now allows companies to manage, track and optimize both their tangible and non-tangible assets throughout their life cycle with unprecedented ease and efficiency. Any inventory item or asset can be managed, including computers, cables, circuits, software licenses, PDAs, and mobile devices…even furniture and fixtures. And with VeraSMART 5.0 enhanced middleware EZ-Share software, companies can integrate all of their data with other critical systems without scripting or programming.

In combination with the Work Order module, Veramark now offers a complete stand-alone work flow/facilities management solution.

VeraSMART is available either in a premise-based or ASP model, and is designed to accommodate specific business management needs. The modularity of the VeraSMART platform allows the modules to be purchased in any combination to create unique solutions that deliver meaningful returns on investment. Customers can choose from Directory, Allocation, Call Accounting, Invoice Management, Asset Management, Work Order, Wireless Management, Online Directory, and EZ-Share.

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.

    Veramark and VeraSMART are registered trademarks of Veramark
                        Technologies, Inc.
    All other marks are the property of their respective owners.

This report may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. A variety of factors could cause actual results to differ from the anticipated results expressed in such forward-looking statements. These may include but are not necessarily limited to changes in general economic conditions in the United States and overseas, technological changes in the telecommunications or computer industries, the timely and successful launch of planned new products, the timely installation and acceptance by end-user customers, and the impact of competition or changes In the marketing strategies of major distributors.