Veramark Technologies, Inc. (OTCBB: VERA) has announced the receipt of a VeraSMART order approaching $200,000 from a leading diversified mass media company. The customer will utilize the full suite of VeraSMART modules to track charges for Assets as well as other costs. The new Work Order module will be used to provision new services and manage change orders, and the Invoice Management module will be used to track wireless charges. The customer chose the Veramark solution because of its robust functionality, complete integration of modules, and the ease of use provided by the browser based web interface. [Read more…]

Veramark Technologies, Inc. (OTCBB: VERA) today announced receipt of a VeraSMART upgrade for approximately $150,000 from a major freight transportation services company. The customer chose the new VeraSMART Asset Management and the Work Order module to manage their inventory and related work flow processes. [Read more…]

Veramark Technologies, Inc. (OTCBB: VERA) has recently announced the signing of a new three year managed services contract with a large beverage company that approaches $200,000 in value. Veramark’s ASP (Application Service Provider) model allows its customers easy web browser access to the full functionality of the VeraSMART Suite of Applications; without the need to install, host, and maintain a premise-based solution. The client will utilize Veramark’s Call Accounting module primarily for performing departmental bill back of telecom charges. [Read more…]

Veramark Technologies, Inc. (OTCBB: VERA) has announced the election of Michael R. Holly to its Board of Directors. Mr. Holly is President of MRH Consulting, LLC, headquartered in suburban Philadelphia, PA, where he advises companies seeking debt and equity growth capital, and management groups involved in acquisitions and the execution of consolidation, growth, and value creation strategies. [Read more…]

Veramark Technologies, Inc. (OTCBB: VERA) has announced receipt of three significant VeraSMART orders. The orders have been received from a national publishing giant; a high-profile state government agency; and a large county government agency.

The publishing company plans to deploy the VeraSMART solution for 1,000 extensions on an Avaya(R) 8700 voice network. The customer purchased SMART Call Accounting to manage multiple business units and to provide access to data for all Business Unit Managers. The customer plans to use VeraSMART’s web interface and security features to provide individualized access to telephone usage information. [Read more…]

Veramark Technologies, Inc. (OTCBB: VERA) has announced financial results for the three and six months ended June 30, 2006. For the second quarter ended June 30, 2006, Veramark reported a net loss of $207,000, or $0.02 per share, on sales of $2,606,000. This compares with a net income of $250,000, or $0.03 per diluted share, on sales of $2,661,000 for the second quarter of 2005. For the six months ended June 30, 2006, Veramark’s net loss of $265,000 or $0.03 per share, on sales of $5,050,000 compares with a net profit of $164,000, or $0.02 per diluted share, on sales of $5,288,000 for the first six months of 2005. [Read more…]

Veramark Technologies, Inc. (OTCBB: VERA) will issue its financial results for the second quarter ended June 30, 2006. They will issue a news releases on Friday, August 11, 2006 and will also hold a conference call on that day. David Mazzella, President, CEO and Chairman, and Ronald Lundy, Treasurer, will host the conference call to discuss recent developments and financial results. After opening remarks, there will be a question and answer period. [Read more…]

Veramark Technologies, Inc. (OTCBB: VERA) has announced the signing of a new 3-year managed services contract with a large beverage and bottling company. Veramark’s ASP (Application Service Provider) model allows its customers easy web browser access to the full functionality of the VeraSMART suite of applications including Call Accounting, Allocation, Invoice Management, Online Directory, and Work Order; without the need to install, host, and maintain a premise-based solution. The client will utilize Veramark’s services primarily for security reporting within their facilities.

Veramark president and CEO David Mazzella said, “For companies that recognize the benefits of telemanagement solutions, but would rather not manage a system themselves, Veramark’s Managed Services offers application hosting in a variety of arrangements from full-service to Applications Service Provider (ASP) models. We’re pleased to provide our new client with solely dedicated and optimized servers maintained in a secure environment; end-to-end Web access; industry-leading service delivery and dedicated account support; and knowledgeable technical support.”

The client’s security reporting activities will be supported by VeraSMART’s Call Accounting module to track and document communication between management and personnel. The service will be used initially to manage 6,000 extensions at seven sites, with expansion to additional sites expected. [Read more…]