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Major U.S. Carrier Selects Evolving Systems' NumeriTrack(TM) Solution for VoIP Application
ENGLEWOOD, Colo., June 14 /PRNewswire-FirstCall/ -- Evolving Systems, Inc. , a leading provider of innovative software solutions for operations and systems integration to many of the largest communications companies in the U.S., today announced that a major U.S. telecommunications carrier has selected the Company's NumeriTrack(TM) solution as the number inventory platform for its voice over Internet protocol (VoIP) initiative. NumeriTrack is a highly efficient, cost-effective inventory solution for carriers who must comply with the FCC mandate for a comprehensive number conservation policy. The solution will be used to handle all VoIP phone number management in and out of region for the carrier's VoIP offering.
Stephen Gartside, CEO of Evolving Systems, said it is the Company's first win in the emerging VoIP space for its inventory solution. VoIP, which allows consumers to make telephone calls over the Internet, is widely regarded as a cutting-edge, high-growth application. All major carriers and many smaller ones are seeking an edge in how they manage the critical number inventory and conservation component of the process, and Evolving Systems believes its NumeriTrack solution offers practical and economic advantages over alternative solutions.
"We are delighted to assist our customers as they enter the VoIP market by providing a consolidated, single-number inventory solution that addresses the traditional wireline, wireless -- and now -- the VoIP market's needs," Gartside said. "As carriers accelerate their entry into the VoIP space, they are looking for ways to achieve operational efficiencies and lower costs. Evolving Systems, as a leader in number portability, number inventory and service assurance solutions, is committed to extending all of the Company's offerings to support the fast-growing packet networks and to help its customers successfully bring new, value-added services to their residential and enterprise customers -- at an accelerated pace and at a lower cost."
About Number Inventory and Management
Number management of wireline, wireless and VoIP numbers has become an increasingly important issue as carriers seek to comply with stringent FCC requirements for number management. These requirements were brought about by the potential shortage of 10-digit phone numbers in North America due to the proliferation of communication devices. For example, in residential markets the use of cell phones, fax machines, wireless PDAs, modems and security systems has grown at a rapid pace over the last ten years, requiring the allocation of tens of millions of new phone numbers. In the commercial area, the explosion of devices that require dedicated lines, such as credit card validation devices, ATM machines and other communication devices, has placed additional demand on the shrinking 10-digit number inventory. The most visible result of this growth is evidenced by the frequent introduction of new area codes in local calling areas.
The NumeriTrack Solution
Evolving Systems' NumeriTrack solution provides an enterprise solution that offers carriers cost savings by automating many labor intensive tasks, such as the creation of FCC mandated reports, forecasting future number exhaust dates in a geographic area, identifying contaminated numbers in blocks, providing number administrators with a real-time view of the carrier's number utilization and ensuring that telephone numbers are not assigned more than once.
About Evolving Systems
Evolving Systems, Inc. provides innovative software solutions for operations and systems integration to many of the largest communications companies in the U.S. The Company provides local number portability solutions, offers software products that enable carriers to comply with the FCC's number conservation mandates intended to extend the life of the North American Numbering Plan, and offers solutions in the area of network management for monitoring and capacity planning. The Company's ServiceXpress(TM) methodology and offering is used to accelerate development and integration efforts. Evolving Systems' unique competence as an integration and solutions provider for both operations support systems (OSS) and network solutions positions the Company to accelerate the automation and availability of tomorrow's services for today's tier one carriers and application service providers. For additional information visit http://www.evolving.com/.
CAUTIONARY STATEMENT: This news release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, based on current expectations, estimates and projections that are subject to risk. Specifically, the Company's statements about the growth of the VOIP market and the future use of the Company's NumeriTrack solution and its impact on revenue and earnings growth are forward-looking statements. Readers should not place undue reliance on these forward-looking statements, and the Company may not undertake to update these forward-looking statements. Actual results could differ materially because of many factors, such as the timing of delivery under the Company's contracts; FCC decisions concerning number management; internal budgeting changes of customers; unexpected costs and delays in, or failure to meet, project milestones; the impact of competition and the general state of the telecommunications industry.
For a more extensive discussion of the Company's business, please refer to the Company's Form 10-K filed with the SEC on March 24, 2004 as well as subsequently filed Form 10-Q and 8-K reports.
Evolving Systems, Inc.
CONTACT: investor relations, Jay Pfeiffer of Pfeiffer High PublicRelations, Inc., +1-303-393-7044, jay@pfeifferhigh.com; or public relations,Whitney McDowell of Ogilvy Public Relations Worldwide, +1-303-634-2635,whitney.mcdowell@ogilvypr.com; both for Evolving Systems, Inc.
Web site: http://www.evolving.com/
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