Business Services Industry

Telefonica O2 Czech Republic Selects Comverse for Mobile ICQ Instant Messaging

Business Wire, April 23, 2008

WAKEFIELD, Mass. -- Comverse, the world's leading supplier of software and systems enabling network-based multimedia enhanced communication and billing services, today announced that Telefonica O2 Czech Republic, a Telefonica (NYSE: TEF) company, has selected Comverse Mobile Instant Messaging to enable its five million users to enjoy mobile IM with the ICQ community on their mobile handsets.

"We are pleased to be the first operator in the country to introduce Instant Messaging into the mobile environment to responsively meet growing consumer demand," said Jan Karas, Director for Residential Segment Marketing) at Telefonica O2 Czech Republic. "In order to ensure utmost comfort with the service and maximum ease of use, we are launching the mobile IM service with ICQ, a personal communication tool that is popular with our users, and we are providing the ICQ community an affordable and compelling mobile experience that is strikingly similar to the familiar PC experience.

"Comverse's presence-enabled Instant Messaging (IM) application supports and enhances a wide range of differentiating communication and content services. Comverse handset clients ensure the best possible PC-like "always-on" user experience with a chat-like interface showing dialogue history, contact presence indication, and multimedia capabilities (picture, audio and video).

"ICQ is pleased to present an online community with a mobile service that allows the users to stay in touch with everybody everywhere," said Ofer Oved, VP Business Affairs ICQ. "The new mobile service complements the ICQ offering in the Czech Republic, providing a communications, services and content center for an extensive community of nearly two million users."

"Comverse's leading Mobile IM solution currently powers mobile Instant Messaging for operators around the world, giving tens of millions of users convenient mobile access to wireless operator-based IM as well as to the most popular IM communities," said Benny Einhorn, President of Comverse EMEA. "The flexible, hosted option benefits operators with quick time to market. The clear roadmap to Comverse Converged IP messaging solution gives operators an edge that ensures that they can continue to meet business and technology needs as they evolve in the converging communications arena."

About Telefonica O2 Czech Republic

With approximately five million registered customers at the end of September 2006 and over 20 years of wireless expertise, Telefonica 02 Czech Republic is the largest provider of wireless voice and data services in the Czech Republic. The company's GSM and T!P networks cover 99 percent of the Czech Republic's more than 10 million residents. Telefonica 02 Czech Republic has worked hard at gaining this position through the delivery of advanced solutions that enhance end-user experience.

About ICQ

ICQ is a leading instant messaging service provider with a global online communications community. The company's robust instant messaging software, enhanced communications features and dynamic community are available in 29 languages free of charge at www.icq.com. ICQ, created in 1996 by the Israel-based company, Mirabilis, is now wholly owned by AOL LLC. ICQ and the flower logo are registered trademarks of AOL LLC in the USA and other countries in the world.

About Comverse

Comverse is the world's leading provider of software and systems enabling network-based messaging and content value-added services, prepaid, postpaid and converged billing and IP communications. Comverse solutions generate revenues, strengthen customer loyalty and improve operational efficiency for over 500 communication service providers in more than 130 countries. The company's Total Communication(SM)portfolio facilitates personalized lifestyles in an evolving connected world and is based on the InSight[TM] Open Services Environment. Comverse's solutions support flexible deployment models, including in-network, hosted and managed services, and can run on circuit-switched, VoIP, IMS and converged network environments. Comverse is a subsidiary of Comverse Technology, Inc. (CMVT.PK). For more information, visit www.comverse.com.

All product and company names mentioned herein may be registered trademarks or trademarks of Comverse or the respective referenced company(s).

This release contains "forward-looking statements" under the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. There can be no assurances that any forward-looking statements will be achieved, and actual results could differ materially from forecasts and estimates. Important factors that could affect the company include: the results of the investigation of the Special Committee, of the Board of Directors concluded on January 28, 2008, of matters relating to the company's stock option grant practices and other accounting matters; the impact of any restatement of financial statements of the company or other actions that may be taken or required as a result of such investigation or as result of the company's VSOE evaluation; the company's inability to file reports with the Securities and Exchange Commission; the effects of the delisting of the company's Common Stock from NASDAQ and the quotation of the company's Common Stock in the "Pink Sheets," including any adverse effects relating to the trading of the stock due to, among other things, the absence of market makers; risks relating to the company's ability to relist its Common Stock on NASDAQ; risks relating to alleged defaults under the company's ZYPS indentures, including acceleration of repayment; risks of litigation (including the pending securities class action and derivative lawsuits and any potential civil injunctive action by the Securities and Exchange Commission) and of governmental investigations or proceedings arising out of or related to the company's stock option practices or any other accounting irregularities or any restatement of the financial statements of the company, including the direct and indirect costs of such investigations and restatement; changes in the demand for the company's products; changes in capital spending among the company's current and prospective customers; the risks associated with the sale of large, complex, high capacity systems and with new product introductions as well as the uncertainty of customer acceptance of these new or enhanced products from either the company or its competition; risks associated with rapidly changing technology and the ability of the company to introduce new products on a timely and cost-effective basis; aggressive competition may force the company to reduce prices; a failure to compensate any decrease in the sale of the company's traditional products with a corresponding increase in sales of new products; risks associated with changes in the competitive or regulatory environment in which the company operates; risks associated with prosecuting or defending allegations or claims of infringement of intellectual property rights; risks associated with significant foreign operations and international sales and investment activities, including fluctuations in foreign currency exchange rates, investments in auction rate securities, interest rates, and valuations of public and private equity; the volatility of macroeconomic and industry conditions and the international marketplace; the risk of declines in information technology spending; risks associated with the company's ability to retain existing personnel and recruit and retain qualified personnel. The company undertakes no commitment to update or revise forward-looking statements except as required by law.

COPYRIGHT 2008 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning
 

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