Bahamas Telecommunications Company Deploys Comverse InSight(TM) Open Services Environment and Services for Fixed Network Subscribers

Comverse, the world's leading supplier of software and systems enabling network-based multimedia enhanced communication and billing services, today announced that Bahamas Telecommunications Company, LTD. (BTC), the leading telecommunications service provider in the Bahamas for more than 100 years, has launched Comverse’s InSight™ Open Service Environment together with voicemail and key related services for its fixed network subscribers. "In line with our passionate pursuit of excellence, a core value of ours, we strive to provide all of our customers with a superior experience and the best available services on the market,” said Marlon S. Johnson, Vice President Marketing, Sales and Business Development at BTC LTD. "We view Comverse’s best-in-class InSight platform as a strategic element in our mission to continually improve customer satisfaction by introducing advanced services and future-friendly capabilities.” Comverse InSight Open Services Environment equips operators like BTC for the future by providing an open and modular environment for the launch and delivery of a wide variety of communication, messaging and content services over IP, circuit-switched, hybrid and IMS networks. InSight’s IP-based architecture and standard interfaces enable core components to be shared by multiple services, significantly reducing operational costs and speeding time-to-market of new services. "Comverse’s feature-rich next-generation voicemail solution and its rich application suite draw from the company’s vast experience as the world’s leading voicemail solutions provider with the largest global user base. InSight provides a superior user experience for voice and multimedia value-added services for fixed, mobile, cable, broadband and converged operators,” said Ramesh Barasia, President of Comverse Americas. "BTC joins the rapidly-growing InSight community of well more than 100 operators around the world that have chosen the InSight Open Services Environment to provide next-generation services to hundreds of millions of subscribers.” About BTC The Bahamas Telecommunication Company Limited (BTC) has been the provider of telecommunications services in the Bahamas for more than 100 years. Today with more than 1,100 employees dedicated to delivering superior telecommunication services throughout the archipelago of the Bahamas, BTC offers a full suite of telecommunication services including: Wireless, telegraph and telex, mobile trunking, private lines, frame relay, leased line, ISDN maritime, cellular, high speed DSL Internet, packet switching, prepaid phone cards, customer local area signalling services. BTC is dedicated to providing efficient and competitive telecommunication services designed to allow the Bahamas to maintain its competitive advantages in the areas of tourism and financial services. 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 CommunicationSM portfolio facilitates personalized lifestyles in an evolving connected world and is based on the InSight™ 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, 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 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; risks related to Verint Systems Inc’s. merger with Witness Systems, Inc., including risks associated with integrating the businesses and employees of Witness; 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; 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; and other risks described in filings with the Securities and Exchange Commission. The company undertakes no commitment to update or revise forward-looking statements except as required by law.