ASVT Deploys Comverse IP Telephony Services for its New Next Generation Network in Russia

Comverse, a subsidiary of Comverse Technology, Inc. and the world's leading supplier of software and systems enabling network-based multimedia enhanced communication and billing services, today announced that ASVT, a leading alternative communication service provider in Russia, has deployed a next-generation network (NGN) that will deliver IP-based corporate and residential communications based on Comverse Voice over IP (VoIP) solutions. Deployment has been carried out in collaboration with leading Russian systems integrator, AMT Group. Comverse will be showcasing its Total CommunicationSM Portfolio at 3GSM World Congress 2007, February 12-15 at the Comverse booth (Hall 8, Stand 8B83). ASVT operates a national network in the Russian Federation that delivers voice, data and video services to government, consumer and corporate markets. ASVT’s new NGN enables the company to migrate from traditional TDM switches to IP-based platforms and applications, which enables a reduction in capital and operating expenses while opening up new revenue and increased market share opportunities. ASVT built its NGN network using Comverse MyCall® Converged Telephony and Converged IPCentrex™ solutions. "ASVT’s commitment to customers in Russia has always been to provide a broad array of reliable, advanced services that can enhance as well as simplify their day-to-day communications,” said Irina Vilisovna Fedulova, Chief Executive Officer, ASVT. "We chose Comverse based on their leadership in communication solutions and knowledge of our market and business requirements. We are convinced that Comverse’s future-proof, IMS and pre-IMS solutions will allow us to meet our goal of smoothly modernizing our network from TDM to IP and enable us to deploy innovative and user-friendly services, ensuring a competitive advantage." "ASVT shares our vision of eliminating boundaries and enriching communications. They are taking confident steps to offer their customers advanced services that can help increase functionality, mobility and productivity,” said Gadi Bahat, President of Comverse EMEA region. ”The industry-leading capabilities offered by Comverse IP solutions will enable ASVT to meet the dynamic service demands of their broad customer base. We look forward to continuing our close working relationship with ASVT in addressing its current need for capacity and cost-efficiency while at the same time providing a strong foundation for its continued growth into the future." About ASVT The Russian Telecom Company OJSC "ASVT" is one of the first non-state communication enterprises. The company was founded in 1990 on the basis of a special maintained long-distance telephone network "ISKRA" and the first Russian mobile radio-phone network "ALTAY", now known as "RusAltay”. "Iskra" connects 89 Russian regions providing digital communication services to state management bodies, corporations and enterprises. The "RusAltay" mobile radio-phone system provides complete coverage of Moscow and its regions. ASVT also has a personal radiocall network for public service communications and a mobile radiophone network installed in gas stations and shopping centres in Moscow and its region that operates on the "RusAltay" network. ASVT has received awards from The Russian Ministry of Communication for the quality of its telecom services and has also been named one of the best enterprises and organizations of the XXI Century in Russia. For more information on ASVT, visit: www.asvt.ru. About AMT Group AMT Group, one of the leading Russian system integrators, has been operating in the network and system integration market since 1994. The company provides a full range of services to mobile operators and corporate clients for the design, deployment, integration and technical support of complex telecommunication and information systems. The company’s long experience of large-scale project deployment, ability to manage complex systems, and highly skilled team of specialists put AMT Group among the most competent companies operating on the Russian IT-market. AMT Group partners with world-leading solution and equipment suppliers to deliver the most advanced technologies on the market and ensure the long-term success of customer projects. For more information on the AMT Group, visit www.amt.ru. About Comverse Comverse, a subsidiary of Comverse Technology, Inc. (OTC: CMVT.PK), is the world’s leading provider of software and systems enabling network-based multimedia enhanced communication and billing services. The company's Total CommunicationSM portfolio includes value-added messaging, personalized data and content-based services, and real-time converged billing solutions. Over 450 communication and content service providers in more than 120 countries use Comverse products to generate revenues, strengthen customer loyalty and improve operational efficiency. For additional information, visit the Comverse website at www.comverse.com or the Comverse Technology website 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 contains "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: the results of the investigation of the Special Committee, appointed by the Board of Directors on March 14, 2006, of matters relating to the company's stock option grant practices and other accounting matters, including errors in revenue recognition, errors in the recording of deferred tax accounts, expense misclassification, the possible misuse of accounting reserves and the understatement of backlog; 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 reviews; 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 The Nasdaq National Market 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; the right of holders of the company's ZYPS to require the company to repurchase their ZYPS as a result of the delisting of the company's shares from NASDAQ at a repurchase price equal to 100% of the principal amount of ZYPS to be purchased; risks of litigation and of governmental investigations or proceedings arising out of or related to the company's stock option grants 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; risks associated with integrating the businesses and employees of the Global Software Services division acquired from CSG Systems International, Netcentrex S.A. and Netonomy, Inc.; 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, interest rates, and valuations of public and private equity; the volatility of macroeconomic and industry conditions and the international marketplace; risks associated with the company's 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 discussed above, 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 and Current Reports on Form 8-K. 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.