Veramark Hires New VP of Sales

Business Wire,  Sept 4, 2007  

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PITTSFORD, N.Y. -- Veramark Technologies, Inc. (OTCBB: VERA), the leading manufacturer of call accounting and enterprise telemanagement solutions, has hired a key member of its senior management team.

Patrick Ryan has been chosen to serve as Vice President of Sales for Veramark. An industry veteran, for over 25 years Ryan held senior sales management roles at 3Com Corporation, AVAYA, Cisco Systems, and Data General Corporation. Throughout his career, he has managed and developed sales and dealer support initiatives, overseen day-to-day operations of sales and dealer support staff, and been involved in all phases of sales management.

Ryan founded the Valor Consulting Group, LLC. Valor Consulting was a management-consulting firm that specialized in assisting companies achieve excellence in sales and customer service by implementing advanced customer relationship strategies. The primary focus of Valor Consulting was the development of sales executives, sales managers, and front line sales employees, whose core focus was on accelerating revenue growth.

Ryan holds a B.S. in Management Science from the State University of New York at Geneseo and has completed the Executive Development Program at the Kellogg School of Management of Northwestern University.

In Ryan's new role, he will be responsible for all sales activities and dealer/channel relations--overseeing Veramark's direct sales team, third party distribution sales, outsourced service bureau sales, and inside sales organization.

About Veramark Technologies, Inc.

Veramark's completely web-based software architecture integrates communications management software with operational support systems (OSS) software. These solutions include eCAS and VeraSMART Call Accounting, Telemanagement, Work Flow Management, Help Desk/Trouble Ticket, 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.

In addition to Veramark's premise-based solutions, Veramark([R]) offers its customers a robust ASP and managed services alternative, ("TEM") 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., EMBARQ Logistics 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.

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.

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