Verso Announces Availability of I-Master(R) Application Server; Vendor Neutral Solution Allows...

ATLANTA -- Verso Technologies, Inc. (Nasdaq: VRSO), a global provider of next generation network solutions, announced today the introduction and general availability of the I-Master Application Server, an enhancement to the I-Master application.

The I-Master application adds value to

both vertical and horizontal markets, offering a standards-based interface using SIP to third-party softswitches and RADIUS interface upstream for AAA (Authorization, Authentication and Administration) functions. Currently, Verso has deployed the solution in networks using the Veraz Networks ControlSwitch and is in the certification process with other softswitch vendors.

The offering is a real time call control and service logic solution with embedded IVR functionality supporting a wide array of call flows. A user-friendly Graphical User Interface (GUI) enables operators to easily create and manage customized call flows with multi-language support.

The I-Master Application Server operates on the Solaris operating system on highly reliable SUN hardware and may be deployed in N+ configurations for fault tolerant environments and is compatible with SIP, H.323, MGCP and RADIUS protocols. The combined deployment of Verso's I-Master Revenue Assurance application and the application server enables real-time authentication, rating and call control for calling card, fixed line ADSL, dial-up WiFi, and enhanced IVR services, resulting in increased customer loyalty and revenue generating ability for any next generation network (NGN) environment. Additionally, the I-Master Application server supports account balance preauthorization to enable simultaneous concurrent service usage on one account when deployed with the I-Master Revenue Assurance Platform.

"It is a challenge to create interoperability in existing networks where a third-party softswitch has been deployed," said Allen Draa, vice president of application sales, Verso Technologies. "Verso has an incredibly robust revenue assurance platform that adds value not only to Verso's softswitch but to other softswitch vendors as well. The I-Master Application server enables this level of interoperability and positions Verso to establish additional market channels for the I-Master product family."

"The application server allows us to leverage our technology to meet the demand created by the growing prepaid subscriber base. We are now poised to capture further market share by being one of the few providers to offer a true softswitch agnostic technology in order to leverage prepaid services," said Monty Bannerman, chief executive officer, Verso Technologies. "Verso offers carriers a cost-effective solution that allows them to capitalize on the prepaid market without costly development to ensure interoperability between the softswitch and prepaid platform," he added.

According to analysts at The Yankee Group, "by 2007, almost all new subscribers will be prepaid. U.S. carriers have effectively tapped out the prime credit subscriber segment. From 2007 onwards, the postpaid base will remain relatively stable with almost all new subscriber additions coming from prepaid."

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. Our products enable our customers to secure and optimize network bandwidth, generate additional revenue and reduce costs. Our 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.