Skip navigation
Skip navigation
You are using an outdated browser. Please upgrade your browser.

3GSM WORLD CONGRESS, CANNES, FRANCE, February 14, 2005 Comverse, a unit
of Comverse Technology, Inc. (NASDAQ: CMVT), and the worlds leading
supplier of software and systems enabling network-based multimedia enhanced
communication services, today announced that COSMOTE, a leading mobile
operator in Greece, has selected Comverses Fun Dial platform to expand
its Calling Tunes entertainment portal to include personalized content
ringback tones.

COSMOTEs current entertainment portal, based on Comverse VoiCD, offers a
comprehensive range of content applications, enabling fixed and wireless
phone users to exchange music and jokes, dedicate song and MMS greetings,
and download ring tones. Calling Tunes takes the COSMOTE users
entertainment a step further, enabling them to replace the standard system
ringback tones normally heard by callers with a broad selection of
personalized content, such as music, humor and sound effects. COSMOTE is
the first operator to provide ringback tones to the Greek mobile market.

Our entertainment portal has proven itself to be a solid success
popular, addictive and fun, said Mr. Costas Liamidis, COSMOTEs Commercial
General Director. We are gratified to extend our entertainment offering to
ringback tones, which is a very promising area for revenue generation and
customer satisfaction.

It has been our pleasure to work with COSMOTE to meet the consumer
appetite for music and entertainment in their market, said Giuseppe Elli,
President of Comverse Europe. The best evidence of the quality of the
services we provide is to be rewarded and entrusted by operators with
expansions of those services.


ABOUT COSMOTE
COSMOTE, a member of the OTE group, started commercial operations in Greece
in April 1998, 5 years after its 2 competitors and in June 2001 was the
only 3rd entrant to achieve 1st place in its market. Currently it has over
4 million customers in Greece with the leading market position and also has
presence in 3 more Balkan countries: in Albania through AMC the leading
mobile operator in the country, and in Bulgaria and the Former Yugoslav
Republic of Macedonia (FYROM) through management agreements for GLOBUL and
COSMOFON respectively. The Company in year 2003 generated over 1.35 billion
euro in revenues and approximately 253 million euro in net profit. Both the
Company's EBITDA margin (above 42%) and net profit margin (above 18%)
remain consistently among the highest in Europe. COSMOTE's stock trades on
the Athens and London Stock Exchange Market.

About Comverse
Comverse, a unit of Comverse Technology, Inc. (NASDAQ: CMVT), is the
worlds leading provider of software and systems enabling network-based
multimedia enhanced communication services. These value-added enhanced
services solutions, along with the companys real-time billing solutions,
comprise the companys Total Communication portfolio. Comverses Total
Communication portfolio addresses four primary categories: call completion
and call management solutions; advanced messaging for groups, communities
and person-to-person communication; solutions and enablers for the
management and delivery of data and content-based services; and real-time
billing and account management solutions for dynamic service environments.
Other Comverse Technology business units include: Verint Systems (NASDAQ:
VRNT), a leading provider of analytic software-based solutions for
communications interception, networked video security and business
intelligence; and Ulticom (NASDAQ: ULCM), a leading provider of service
enabling signaling software for wireline, wireless and Internet
communications. Comverse Technology is an S&P 500 and NASDAQ-100 Index
company. For additional information, visit the Comverse Web site at
www.comverse.com or Comverse Technologys Web site at www.cmvt.com.

All product and company names mentioned herein may be registered trademarks
or trademarks of Comverse or the respective referenced company(s).
Note: This release may contain forward-looking statements under the
Private Securities Litigation Reform Act of 1995 that involve risks and
uncertainties. There can be no assurances that forward-looking statements
will be achieved, and actual results could differ materially from forecasts
and estimates. Important factors that could cause actual results to differ
materially include: changes in the demand for the Companys products;
changes in capital spending among the Companys 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 Companys 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,
interest rates, and valuations of public and private equity; the volatility
of macroeconomic and industry conditions and the international marketplace;
risks associated with the Companys ability to retain existing personnel
and recruit and retain qualified personnel; and other risks described in
filings with the Securities and Exchange Commission. These risks and
uncertainties, as well as others, are discussed in greater detail in the
filings of the Company with the Securities and Exchange Commission,
including its most recent Annual Report on Form 10-K and subsequent
Quarterly Reports on Form 10-Q. These documents are available through the
Company, or its website, www.cmvt.com, or through the SEC's Electronic Data
Gathering Analysis and Retrieval system (EDGAR) at www.sec.gov. The
Company makes no commitment to revise or update any forward-looking
statements in order to reflect events or circumstances after the date any
such statement is made.

###







* Brodeur Worldwide is now Pleon, Europe's leading communications
consultancy and a part of the Brodeur/Pleon Worldwide global network *

Adrian Brophy
Pleon UK
mailto: adrian.brophy@pleon.com
Direct dial: +44 (0) 20 7298 7138
Mb: +44 (0)7739 337138

Visit us at www.pleon.com
Beyond communications

This press release was distributed by ResponseSource Press Release Wire on behalf of Pleon in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.