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Verso Enhances NACT Prepaid Solution to Enable Service Providers Easy Entry into the High Growth, High Margin Wireless Business

NACT Cellular Inventory Management System (CIMS) gives service providers full control over wireless offerings, providing them and wireless carriers new revenue generating opportunities

ATLANTA--(BUSINESS WIRE)--Aug. 4, 2004-- Verso Technologies, Inc. (NASDAQ: VRSO), an integrated communications solutions company, today announced general global availability of Verso's NACT Cellular Inventory Management System (CIMS), a significant enhancement to the NACT Prepaid Solution, that enables service providers to create and manage high margin customized and prepaid cellular services. CIMS is the first prepaid cellular solution that enables service providers to fully control their own offerings; it delivers comprehensive management capabilities while also supporting connectivity to any cellular network and call termination by the service provider's own cost-effective switching infrastructure.
"Until now, service providers have been restricted to reselling products offered by cellular network operators," said Jim McKenna, Verso's Chief Technology Officer. "But with NACT CIMS, service providers now have the opportunity to leverage cellular networks in the same way that wireline networks currently are--but with much greater profitability. In brief, what CIMS does is let service providers create tailored high-margin offerings that meet their own specific market requirements because it enables them to connect to the cellular network of their choice, terminate their own calls, establish their own pricing structures, and easily manage cell phone inventory, phone numbers, and resell PINS."

In addition to delivering service providers this unprecedented degree of control over their prepaid cellular offerings, NACT CIMS also benefits wireless carriers because they do not have to incur the high management and billing costs previously associated with their prepaid cellular offerings. With CIMS, these functions are all handled by the service provider, so all the network operator does is provide the wireless bandwidth required.

"NACT CIMS is clearly a win-win product," said Steve Odom, Verso's chairman and chief executive officer. "It opens the burgeoning and lucrative prepaid cellular market to service providers, while minimizing management overhead for wireless network operators. CIMS is also a product that furthers Verso's strategy of delivering to service providers the business critical tools they need to successfully compete in their markets."

Verso's NACT CIMS is now available directly from Verso's sales department. For details, contact Verso's Carrier Solutions Group at +1-801-802-3000.

About Verso Technologies

Verso is a leading provider of next generation communication solutions for carriers and enterprises that want to lower their communication infrastructure costs and enhance service capabilities without sacrificing reliability, scalability and quality of service. With an extensive solutions portfolio that extends from the core to the edge of a network, Verso enables customers to leverage legacy technology investments towards converged networks that are faster and more cost-effective to deploy and easier and more flexible to manage. Verso solutions are currently deployed in thousands of customer networks in over 130 countries around the world. For more information, contact Verso at www.verso.com or call 678.589.3500.

Contacts


Verso Technologies, Inc., Atlanta
Investor Relations Contact
Monish Bahl, 678-589-3579
monish.bahl@verso.com
or
Media Contact
Mary Frances Jones, 678-589-3575
maryfrances.jones@verso.com

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