Connexion Technologies Launches the Comverse Converged IP Communications Solution for its Fiber to the Home Telephony Service

Comverse, the world's leading supplier of software and systems enabling network-based multimedia enhanced communication and billing services, today announced that Connexion Technologies, a leading US fiber-optic amenity company, has launched Comverse’s MyCall Converged Communications to help telecommunications companies serve residential customers with high-quality IP-based voice services over Connexion’s Fiber to the Home (FTTH) networks. Connexion wanted to ensure that its Fiber to the Home customers have access to state-of-the-art crystal-clear digital voice services to complement other fiber broadband services such as high-speed Internet, television and home security monitoring. Connexion made the investment in the MyCall system for service providers to offer advanced voice services to Connexion’s fiber to home residential, business and hospitality customers. "Sophisticated homebuyers across the US are demanding fiber-optic technology today,” said Glen Lang, CEO of Connexion Technologies. "Our customers expect state-of-the-art telephone service with rich features, upgrades and a variety of advanced devices. We needed to find service providers capable of providing such services over our fiber to the home broadband networks who could work within a short timeframe to keep up with our growth. Together with our service provider partners and Comverse, we succeeded in delivering a rich and reliable voice service that is easy to setup and provision, and works perfectly with other services on our broadband fiber networks.” Connexion Technologies provides a "one-stop-shop” for real estate developers and communities by designing, installing and operating FTTH networks. Given fiber's vast bandwidth, a wide range of services can be delivered over Connexion Technologies’ leading-edge fiber-optic networks. By adding Comverse’s MyCall Converged Communications, Connexion now has a flexible multimedia communications platform that can be used by service providers to seamlessly integrate with its high-speed Internet, TV and security services for a richer user experience in different residential, hospitality and business applications. "Connexion Technologies leads the trend in the U.S. to bring fiber to the home,” commented Ramesh Barasia, President of Comverse Americas. "They offer a network that can support truly integrated converged communication services customized to consumer lifestyles. This project exemplifies the rich and personalized experience that Comverse’s total communications solutions contribute to our evolving market.” MyCall Converged Communications is a pre-integrated solution that is based on a future-proof, IMS architecture and operates on Comverse’s highly scalable Class 5 Application Server. It increases revenues through fixed-mobile convergent telephony and messaging services across fixed phones, mobile phones and PCs. Two applications of MyCall Converged Communications, the PC Communicator and the Mobile Communicator, allow subscribers to access all communication and messaging services (telephony, voicemail, SMS, MMS, IM and presence) via PC or mobile phone using a single ID/telephone number. About Connexion Technologies Connexion Technologies is the country’s premier fiber-optic amenity company. It invests its capital to design, build and operate Fiber to the Home (FTTH) networks in single family, multi family, high rise, resort and hospitality properties nationwide. Its award-winning, state-of-the-art networks deliver an unsurpassed technology experience and enable developers to sell units at a faster velocity. By partnering with leading service providers, Connexion Technologies offers the best in enhanced television, telephone, Internet, and security monitoring services. By offering a complete suite of entertainment and communication applications at the speed of light, Connexion Technologies creates A Better ConnectionSM with its one-source technology solution. The company is based in Cary, North Carolina. It was established in 2002 and is located in 17 offices throughout the country. For more information, visit www.connexiontechnologies.net. 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.