Veramark Technologies, Inc. (fka VERA)

[Renee]

VERA: Merged with TEM Holdings Inc. for $1.18 per share. VERA symbol delisted:

http://www.otcbb.com/asp/dailylist_detail.asp?d=07/22/2013&mkt_ctg=NON-OTCBB

[~S.B.A.~]

M E R G E R

[Investolator]

NEWS Veramark Announces Fourth Quarter 2011 and Fiscal Year 2011 Results
Date : 02/22/2012 @ 3:42PM
Source : MarketWire
Stock : Veramark Technologies, Inc. (VERA)
Quote : 0.4 -0.0399 (-9.07%) @ 3:55PM

Veramark Announces Fourth Quarter 2011 and Fiscal Year 2011 Results
PrintAlert
Veramark Techs (QB) (USOTC:VERA)
Intraday Stock Chart
Today : Wednesday 22 February 2012

Veramark Technologies Inc. (OTCQB: VERA) (PINKSHEETS: VERA), a leading provider of Telecom Expense Management (TEM) solutions, today announced financial results for its fourth quarter and year ended December 31, 2011. Revenues of $3.9 million for the quarter ended December 31, 2011 increased 8 percent from revenues of $3.6 million for the same quarter of 2010, and revenues of $13.9 million for the year ended December 31, 2011 increased 6 percent from revenues of $13.2 million for 2010.

An accounting change related to the recognition of gains or losses associated with the Company's Supplemental Executive Retirement Plan resulted in a non-cash fourth quarter charge of $911,000 against income. The change to a mark-to-market method of accounting will recognize the effects of changes in discount rates and actuarial assumptions to the Statement of Operations in the year incurred or realized, rather than deferring portions of those gains or losses to future periods. Of the charge to fourth quarter earnings, approximately $206,000 resulted from a decline in the discount rate used to value future obligations, with the remaining $705,000 attributable to changes in actuarial assumptions. Veramark permanently suspended any new participation or growth in accrued benefits of its retirement plan in 2008.

As a result of the change in accounting treatment, Veramark reported a net loss of $687,000, or $0.07 per share, for the fourth quarter of 2011 and a loss of $1,220,000, or $0.12 per share, for the year ended December 31, 2011. Retrospectively applying the effects of the change in accounting treatment for pension liabilities, Veramark's net loss for the fourth quarter of 2010 was $213,000. Net income for the full year ended December 31, 2010 was $190,000.

Tony Mazzullo, Veramark's President and Chief Executive Officer said, "The GAAP performance measures reflect the change in accounting principles around pensions, and Veramark's settlement of a patent infringement lawsuit in the second quarter. We are making solid progress and our business fundamentals remain healthy, as evidenced by our 6 percent revenue growth year-over-year. Absent these charges, Veramark has achieved eight consecutive quarters of positive net income including (non-GAAP) net income of $224,000 for the fourth quarter of 2011 and $555,000 for the year ended December 31, 2011, or $0.02 and $0.05 per share respectively."

Mr. Mazzullo added that, "Orders of $4.4 million received during the fourth quarter, increased total orders received for the year ended December 31, 2011 to $17.3 million, an increase of 25 percent from orders received of $13.8 million for the year ended December 31, 2010. The backlog of future recurring revenues entering 2012 increased 32 percent from $9.6 million at December 31, 2010 to approximately $12.6 million at December 31, 2011, of which approximately $7.6 million is expected to be recognized as revenue during 2012. Management remains focused on our growing customer base and ongoing operational initiatives."

Mr. Mazzullo will host a teleconference to discuss the 2011 fourth quarter results on Thursday, February 23, at 2:00 pm Eastern Time. To access the conference call, dial [phone].



VERAMARK TECHNOLOGIES, INC.
CONDENSED STATEMENT OF OPERATIONS
(Unaudited)

Three Months Ended
December 31

2011 2010
------------- -------------
Revenues $ 3,875,397 $ 3,587,962
------------- -------------
Loss Before Taxes (687,181) (212,574)
Income Taxes - -
------------- -------------
Net Loss $ (687,181) $ (212,574)
============= =============
Net Loss Per Share $ (0.07) $ (0.02)
------------- -------------
Weighted Average
Number of Shares Outstanding 10,484,189 9,996,486
============= =============

Twelve Months Ended
December 31

2011 2010
------------- -------------
Revenues $ 13,937,702 $ 13,165,209
============= =============
Income (Loss) Before Taxes (1,219,530) 190,099
Income Taxes - -
------------- -------------
Net Income (Loss) $ (1,219,530) $ 190,099
============= =============
Net Income (Loss) Per Diluted Share $ (0.12) $ 0.02
============= =============
Weighted Average
Number of Shares Outstanding 10,296,727 10,057,844
============= =============


Reconciliation of GAAP to Non-GAAP Income and Earnings per Share

Three Months Ended
December 31
2011 2010
------------- -------------
GAAP Loss Before Taxes $ (687,181) $ (212,574)
Litigation and Settlement Expenses - -
Change in Accounting Policy - Pension 911,467 420,798
------------- -------------
Non-GAAP Net Income $ 224,286 $ 208,224
------------- -------------

GAAP Net Loss Per Share $ (0.07) $ (0.02)
Per Share Impact of Litigation - -
Per Share Impact of Change in Accounting
Policy - Pension 0.09 0.04
------------- -------------
Non-GAAP Net Income Per Diluted Share $ 0.02 $ 0.02
============= =============

Twelve Months Ended
December 31
2011 2010
------------- -------------
GAAP Income (Loss) Before Taxes $ (1,219,530) $ 190,099
Litigation and Settlement Expenses 862,995 -
Change in Accounting Policy - Pension 911,467 420,798
------------- -------------
Non-GAAP Net Income $ 554,932 $ 610,897
============= =============


GAAP Net Income (Loss) Per Diluted Share $ (0.12) $ 0.02
Per Share Impact of Litigation 0.08 -
Per Share Impact of Change in Accounting
Policy - Pension 0.09 0.04
============= =============
Non-GAAP Net Income Per Diluted Share $ 0.05 $ 0.06
============= =============


About Veramark Technologies, Inc.

Veramark is a leading provider of innovative cost management solutions that help enterprises reduce operational expenses associated with their mobile and fixed communications networks and ensure that these networks are used appropriately. Veramark solutions for telecom expense management, which include call accounting solutions, drive down costs by eliminating waste, identifying billing errors, and optimizing programs for mobile, voice and data communications. Veramark solutions enable enterprises to spend less for the telecom services they need to support their business. For more information, visit www.veramark.com.

Veramark, VeraSMART, and eCAS are registered trademarks of Veramark Technologies, Inc. All other trademarks are the property of their respective owners.

This report may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. A variety of factors could cause actual results to differ from the anticipated results expressed in such forward-looking statements. These may include but are not necessarily limited to changes in general economic conditions in the United States and overseas, technological changes in the telecommunications or computer industries, the timely and successful launch of planned new products, the timely installation and acceptance by end-user customers, and the impact of competition or changes in the marketing strategies of major distributors.

Media Contact:

Tony Mazzullo

President and CEO

Veramark Technologies, Inc.

[phone]

[Investolator]

NEWS Veramark Announces Fourth Quarter 2011 and Fiscal Year 2011 Results
Date : 02/22/2012 @ 3:42PM
Source : MarketWire
Stock : Veramark Technologies, Inc. (VERA)
Quote : 0.4 -0.0399 (-9.07%) @ 3:55PM

Veramark Announces Fourth Quarter 2011 and Fiscal Year 2011 Results
PrintAlert
Veramark Techs (QB) (USOTC:VERA)
Intraday Stock Chart
Today : Wednesday 22 February 2012

Veramark Technologies Inc. (OTCQB: VERA) (PINKSHEETS: VERA), a leading provider of Telecom Expense Management (TEM) solutions, today announced financial results for its fourth quarter and year ended December 31, 2011. Revenues of $3.9 million for the quarter ended December 31, 2011 increased 8 percent from revenues of $3.6 million for the same quarter of 2010, and revenues of $13.9 million for the year ended December 31, 2011 increased 6 percent from revenues of $13.2 million for 2010.

An accounting change related to the recognition of gains or losses associated with the Company's Supplemental Executive Retirement Plan resulted in a non-cash fourth quarter charge of $911,000 against income. The change to a mark-to-market method of accounting will recognize the effects of changes in discount rates and actuarial assumptions to the Statement of Operations in the year incurred or realized, rather than deferring portions of those gains or losses to future periods. Of the charge to fourth quarter earnings, approximately $206,000 resulted from a decline in the discount rate used to value future obligations, with the remaining $705,000 attributable to changes in actuarial assumptions. Veramark permanently suspended any new participation or growth in accrued benefits of its retirement plan in 2008.

As a result of the change in accounting treatment, Veramark reported a net loss of $687,000, or $0.07 per share, for the fourth quarter of 2011 and a loss of $1,220,000, or $0.12 per share, for the year ended December 31, 2011. Retrospectively applying the effects of the change in accounting treatment for pension liabilities, Veramark's net loss for the fourth quarter of 2010 was $213,000. Net income for the full year ended December 31, 2010 was $190,000.

Tony Mazzullo, Veramark's President and Chief Executive Officer said, "The GAAP performance measures reflect the change in accounting principles around pensions, and Veramark's settlement of a patent infringement lawsuit in the second quarter. We are making solid progress and our business fundamentals remain healthy, as evidenced by our 6 percent revenue growth year-over-year. Absent these charges, Veramark has achieved eight consecutive quarters of positive net income including (non-GAAP) net income of $224,000 for the fourth quarter of 2011 and $555,000 for the year ended December 31, 2011, or $0.02 and $0.05 per share respectively."

Mr. Mazzullo added that, "Orders of $4.4 million received during the fourth quarter, increased total orders received for the year ended December 31, 2011 to $17.3 million, an increase of 25 percent from orders received of $13.8 million for the year ended December 31, 2010. The backlog of future recurring revenues entering 2012 increased 32 percent from $9.6 million at December 31, 2010 to approximately $12.6 million at December 31, 2011, of which approximately $7.6 million is expected to be recognized as revenue during 2012. Management remains focused on our growing customer base and ongoing operational initiatives."

Mr. Mazzullo will host a teleconference to discuss the 2011 fourth quarter results on Thursday, February 23, at 2:00 pm Eastern Time. To access the conference call, dial [phone].



VERAMARK TECHNOLOGIES, INC.
CONDENSED STATEMENT OF OPERATIONS
(Unaudited)

Three Months Ended
December 31

2011 2010
------------- -------------
Revenues $ 3,875,397 $ 3,587,962
------------- -------------
Loss Before Taxes (687,181) (212,574)
Income Taxes - -
------------- -------------
Net Loss $ (687,181) $ (212,574)
============= =============
Net Loss Per Share $ (0.07) $ (0.02)
------------- -------------
Weighted Average
Number of Shares Outstanding 10,484,189 9,996,486
============= =============

Twelve Months Ended
December 31

2011 2010
------------- -------------
Revenues $ 13,937,702 $ 13,165,209
============= =============
Income (Loss) Before Taxes (1,219,530) 190,099
Income Taxes - -
------------- -------------
Net Income (Loss) $ (1,219,530) $ 190,099
============= =============
Net Income (Loss) Per Diluted Share $ (0.12) $ 0.02
============= =============
Weighted Average
Number of Shares Outstanding 10,296,727 10,057,844
============= =============


Reconciliation of GAAP to Non-GAAP Income and Earnings per Share

Three Months Ended
December 31
2011 2010
------------- -------------
GAAP Loss Before Taxes $ (687,181) $ (212,574)
Litigation and Settlement Expenses - -
Change in Accounting Policy - Pension 911,467 420,798
------------- -------------
Non-GAAP Net Income $ 224,286 $ 208,224
------------- -------------

GAAP Net Loss Per Share $ (0.07) $ (0.02)
Per Share Impact of Litigation - -
Per Share Impact of Change in Accounting
Policy - Pension 0.09 0.04
------------- -------------
Non-GAAP Net Income Per Diluted Share $ 0.02 $ 0.02
============= =============

Twelve Months Ended
December 31
2011 2010
------------- -------------
GAAP Income (Loss) Before Taxes $ (1,219,530) $ 190,099
Litigation and Settlement Expenses 862,995 -
Change in Accounting Policy - Pension 911,467 420,798
------------- -------------
Non-GAAP Net Income $ 554,932 $ 610,897
============= =============


GAAP Net Income (Loss) Per Diluted Share $ (0.12) $ 0.02
Per Share Impact of Litigation 0.08 -
Per Share Impact of Change in Accounting
Policy - Pension 0.09 0.04
============= =============
Non-GAAP Net Income Per Diluted Share $ 0.05 $ 0.06
============= =============


About Veramark Technologies, Inc.

Veramark is a leading provider of innovative cost management solutions that help enterprises reduce operational expenses associated with their mobile and fixed communications networks and ensure that these networks are used appropriately. Veramark solutions for telecom expense management, which include call accounting solutions, drive down costs by eliminating waste, identifying billing errors, and optimizing programs for mobile, voice and data communications. Veramark solutions enable enterprises to spend less for the telecom services they need to support their business. For more information, visit www.veramark.com.

Veramark, VeraSMART, and eCAS are registered trademarks of Veramark Technologies, Inc. All other trademarks are the property of their respective owners.

This report may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. A variety of factors could cause actual results to differ from the anticipated results expressed in such forward-looking statements. These may include but are not necessarily limited to changes in general economic conditions in the United States and overseas, technological changes in the telecommunications or computer industries, the timely and successful launch of planned new products, the timely installation and acceptance by end-user customers, and the impact of competition or changes in the marketing strategies of major distributors.

Media Contact:

Tony Mazzullo

President and CEO

Veramark Technologies, Inc.

[phone]

[Investolator]

NEWS: Veramark Completes Cisco Interoperability Verification Testing
Date : 12/12/2011 @ 8:00AM
Source : MarketWire
Stock : Veramark Technologies Inc. (VERA)
Quote : 0.49 0.0 (0.00%) @ 8:19AM

Veramark Completes Cisco Interoperability Verification Testing
Print
Alert
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Today : Monday 12 December 2011
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Veramark Technologies Inc. (VERA) (OTCQB: VERA) (PINKSHEETS: VERA), a leading provider of Telecom Expense Management (TEM) solutions and a Solution Developer in the Cisco Developer Network Program, announced today that its VeraSMART Call Accounting and Wireless Call Accounting 10.1 software has successfully completed interoperability testing with Cisco Unified Communications Manager 8.5.

The Cisco Developer Network unites Cisco with third-party developers of hardware and software to deliver tested interoperable solutions to joint customers. As a Solution Developer, Veramark shares Cisco's strong commitment to customer service and satisfaction, has completed interoperability verification testing based on criteria set forth by Cisco, and can provide their customers 24 hour, 7 days a week customer support. With offerings such as VeraSMART Call Accounting and Wireless Call Accounting 10.1, customers can more quickly deploy a broad range of Cisco Compatible business applications, devices, or services that can enhance the capabilities, performance, and management of their Cisco network.

For more information on VeraSMART Call Accounting and Wireless Call Accounting 10.1 interoperability with Cisco Unified Communications Manager 8.5, go to http://developer.cisco.com/web/partner/search?accountId=0014000000OZ8F6AAL.

About Veramark Technologies, Inc.

Veramark is a leading provider of innovative cost management solutions that help enterprises reduce operational expenses associated with their mobile and fixed communications networks and ensure that these networks are used appropriately. Veramark solutions for telecom expense management, which include wireline and wireless call accounting solutions, drive down costs by eliminating waste, identifying billing errors, and optimizing programs for mobile, voice and data communications. Veramark solutions enable enterprises to spend less for the telecom services they need to support their business. For more information, visit www.veramark.com.

* Interoperability testing is designed to simulate typical customer configurations, and does not replace the need for on-site testing in conjunction with actual implementation.

Veramark and VeraSMART are registered trademarks of Veramark Technologies, Inc. All other trademarks are the property of their respective owners.

This report may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. A variety of factors could cause actual results to differ from the anticipated results expressed in such forward-looking statements. These may include but are not necessarily limited to changes in general economic conditions in the United States and overseas, technological changes in the telecommunications or computer industries, the timely and successful launch of planned new products, the timely installation and acceptance by end-user customers, and the impact of competition or changes in the marketing strategies of major distributors.

Media Contact:

Denise Chapman

Vice President of Marketing

Veramark Technologies, Inc.

[phone]

[Investolator]

NEWS: Veramark Announces Third Quarter 2011 Results
Date : 11/02/2011 @ 3:54PM
Source : MarketWire
Stock : Veramark Technologies, Inc. (VERA)
Quote : 0.4 0.0 (0.00%) @ 4:02PM

Veramark Announces Third Quarter 2011 Results
print
Veramark Techs (QB) (USOTC:VERA)
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Today : Wednesday 2 November 2011
Click Here for more Veramark Techs (QB) Charts.

Veramark Technologies, Inc. (OTCQB: VERA) (PINKSHEETS: VERA) a leading provider of Telecom Expense Management (TEM) solutions, today announced net income of $86,000, or $0.01 per share, for its third quarter ended September 30, 2011. For the same quarter of 2010 Veramark reported net income of $214,000, or $0.02 per share. The Company incurred a net loss of $532,000, or $0.05 per share for the first nine months of 2011 as a result of an $863,000 charge against income in the first half of 2011 for legal and settlement costs of a patent infringement complaint filed against the Company and two other defendants. Excluding this charge, non-GAAP net income was $331,000 or $0.03 per share for the nine month period. For the nine months ended September 30, 2010 the Company reported net income of $403,000, or $0.04 per share.

The Company reports revenues of $3,429,000 for the third quarter of 2011 as compared to $3,628,000 for the same quarter of 2010. Revenues of $10,062,000 for the nine months ended September 30, 2011 increased 5 percent from revenues of $9,577,000 for the first nine months of 2010.

Tony Mazzullo, Veramark's President and Chief Executive Officer stated, "We continue to be pleased with our deal flow. Orders of $4.9 million during the third quarter increased 14 percent from the same quarter of 2010, and orders of $12.9 million during the first nine months of 2011 increased 33 percent from a year ago. The majority of the new orders are for multi-year TEM contracts that will produce recurring revenue in future periods as the related services are performed. As of September 30, 2011 our backlog of recurring revenues has grown to $12.1 million, an increase of 26 percent from the $9.6 million of recurring revenue entering 2011. We expect approximately $7.8 million will be recognized as revenue within the next twelve (12) months."

During 2011, Veramark has added significant orders for mobile device management, including invoice consolidation, data analytics and program optimization. Veramark anticipates that it will soon reach a milestone of managing expenses for over one million mobile devices.

Mr. Mazzullo and Ron Lundy, Vice President of Finance and CFO, will host a teleconference to discuss the 2011 third quarter results on Thursday, November 3, at 2:00 PM Eastern Time. To access the conference call, dial [phone].


VERAMARK TECHNOLOGIES, INC.
CONDENSED STATEMENT OF OPERATIONS
(Unaudited)

Three Months Ended
September 30

2011 2010
------------- -------------
Revenues $ 3,429,339 $ 3,628,327
============= =============
Income Before Taxes 85,541 213,818
Income Taxes - -
------------- -------------
Net Income $ 85,541 $ 213,818
============= =============
Net Income Per Diluted Share $ 0.01 $ 0.02
============= =============
Diluted Weighted Average
Number of Shares Outstanding 10,483,391 10,126,558
============= =============



Nine Months Ended
September 30

2011 2010
------------- -------------
Revenues $ 10,062,305 $ 9,577,247
============= =============
Income (Loss) Before Taxes (532,349) 402,673
Income Taxes - -
------------- -------------
Net Income (Loss) $ (532,349) $ 402,673
============= =============
Net Income (Loss) Per Diluted Share $ (0.05) $ 0.04
============= =============
Diluted Weighted Average
Number of Shares Outstanding 10,234,239 10,012,460
============= =============


Non-GAAP Financial Information

This press release contains non-GAAP financial information relating to net income and diluted earnings per share (EPS). Included below is a reconciliation of these non-GAAP financial measures to the most directly comparable financial measure calculated in accordance with GAAP.

The Company has disclosed information related to net income and diluted EPS on a non-GAAP basis to supplement its condensed statement of operations presented in accordance with GAAP. These non-GAAP financial measures exclude certain items that are included in the Company's net income and EPS. Specifically excluded are one-time charges for legal and settlement costs of a patent infringement complaint filed against the Company and two other defendants.

Management believes that these non-GAAP financial measures provide useful additional information to investors about current trends in the Company's operations and are useful for period over period comparisons of operations. These non-GAAP financial measures should not be considered in isolation or as a substitute for the comparable GAAP measures.


Reconciliation of GAAP to Non-GAAP Income and Earnings per Share

Nine Months Ended
September 30
2011 2010
----------- -----------
GAAP Income (Loss) Before Taxes $ (532,349) $ 402,673
Litigation and Settlement Expenses 862,995 -
----------- -----------
Non-GAAP Income $ 330,646 $ 402,673
=========== ===========


GAAP Net Income (Loss) Per Diluted Share (0.05) 0.04
Per Share Impact of Litigation 0.08 -
=========== ===========
Non-GAAP Net Income Per Diluted Share $ 0.03 $ 0.04
=========== ===========


About Veramark Technologies, Inc.

Veramark is a leading provider of innovative cost management solutions that help enterprises reduce operational expenses associated with their mobile and fixed communications networks and ensure that these networks are used appropriately. Veramark solutions for telecom expense management, which include call accounting solutions, drive down costs by eliminating waste, identifying billing errors, and optimizing programs for mobile, voice and data communications. Veramark solutions enable enterprises to spend less for the telecom services they need to support their business. For more information, visit www.veramark.com.

Veramark, VeraSMART, and eCAS are registered trademarks of Veramark Technologies, Inc. All other trademarks are the property of their respective owners.

This report may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. A variety of factors could cause actual results to differ from the anticipated results expressed in such forward-looking statements. These may include but are not necessarily limited to changes in general economic conditions in the United States and overseas, technological changes in the telecommunications or computer industries, the timely and successful launch of planned new products, the timely installation and acceptance by end-user customers, and the impact of competition or changes in the marketing strategies of major distributors.

Media Contact:

Tony Mazzullo

President and CEO

Veramark Technologies, Inc.

[phone]

[Investolator]

NEWS: Veramark to Announce Third Quarter Results and Hold Conference Call
Date : 10/27/2011 @ 1:34PM
Source : MarketWire
Stock : Veramark Technologies, Inc. (VERA)
Quote : 0.5 0.0 (0.00%) @ 4:02PM

Veramark to Announce Third Quarter Results and Hold Conference Call
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Veramark Techs (QB) (USOTC:VERA)
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Today : Thursday 27 October 2011
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Veramark Technologies, Inc. (OTCQB: VERA) (PINKSHEETS: VERA), a leading provider of telecom expense management solutions, will issue its financial results for the third quarter ending September 30, 2011.

News release date: Wednesday, November 2, 2011

Conference call date: Thursday, November 3, 2011, 2:00 PM Eastern Time

Conference telephone: [phone]

Tony Mazzullo, President and CEO, and Ron Lundy, Vice President of Finance and CFO, will host the conference call to discuss recent developments and financial results. After opening remarks, there will be a question and answer period.

About Veramark Technologies, Inc.

Veramark is a leading provider of innovative cost management solutions that help enterprises reduce operational expenses associated with their mobile and fixed communications networks and ensure that these networks are used appropriately. Veramark solutions for telecom expense management, which include call accounting solutions, drive down costs by eliminating waste, identifying billing errors, and optimizing programs for mobile, voice and data communications. Veramark solutions enable enterprises to spend less for the telecom services they need to support their business. For more information, visit www.veramark.com.

Veramark, VeraSMART, and eCAS are registered trademarks of Veramark Technologies, Inc. All other trademarks are the property of their respective owners.

This report may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. A variety of factors could cause actual results to differ from the anticipated results expressed in such forward-looking statements. These may include but are not necessarily limited to changes in general economic conditions in the United States and overseas, technological changes in the telecommunications or computer industries, the timely and successful launch of planned new products, the timely installation and acceptance by end-user customers, and the impact of competition or changes in the marketing strategies of major distributors.

Media Contact:

Tony Mazzullo

President and CEO

Veramark Technologies, Inc.

[phone]

[Investolator]

NEWS:Veramark Introduces VeraSMART Wireless Call Accounting
Date : 08/08/2011 @ 8:00AM
Source : MarketWire
Stock : Veramark Technologies Inc. (VERA)
Quote : 0.56 0.0 (0.00%) @ 7:12AM

Veramark Introduces VeraSMART Wireless Call Accounting
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Veramark Techs (QB) (USOTC:VERA)
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Today : Monday 8 August 2011
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Veramark Technologies Inc. (OTCQB: VERA), a leading provider of Telecom Expense Management (TEM) solutions, has announced the release of VeraSMART® Wireless Call Accounting software, which significantly increases productivity and is a cost saving tool for managing wireless expenses and usage.

Based on extensive customer research conducted by the company, Veramark developed VeraSMART Wireless Call Accounting to address the most important wireless expense and usage issues, providing capabilities to:

* Contain and reduce expenses
* Manage and monitor corporate and employee usage
* Optimize actual usage and service fees
* Allocate expenses with cost center chargeback

"With the explosion in the number of smart phones, tablets, air cards, and other wireless devices that are being deployed within organizations today, enterprises are under pressure to control and manage wireless usage and optimize service-to-cost performance," said Kari Bittner, Veramark's Director of Telephony and Communications Products.

"Based on our market research, we became aware that many organizations are manually managing their wireless expenses and are buried in spreadsheets. VeraSMART Wireless Call Accounting now brings that portion of communications expense under management; it provides a streamlined view of wireline and wireless usage and expenses, all within the user-friendly VeraSMART technology that our customers already know and trust."

VeraSMART Wireless Call Accounting can be used as a standalone application or easily added to an existing VeraSMART Call Accounting deployment. As a combined solution, VeraSMART Call Accounting provides a consolidated view of all wireless and wireline usage, along with the ability to charge back expenses -- including wireless device costs -- to the appropriate cost centers based on actual device usage.

Out of the box, VeraSMART Wireless Call Accounting supports major US wireless carriers and offers many time-saving features including:

* Wireless savings analysis of every invoice -- This new analysis eliminates the time spent manually reviewing wireless usage and device charge data for potential savings. VeraSMART Wireless Call Accounting automatically performs nearly 20 checks on each wireless data import for potential savings opportunities.
* Wireless expense chargeback without manual spreadsheets -- Set up your organizational structure in VeraSMART and then let VeraSMART do the work of determining which wireless expenses should be charged back to each level of your organization -- from business unit to cost center to individual employee. With five levels of relational hierarchy available and automated expense reports by organization level, VeraSMART saves you those hours or days spent preparing manual spreadsheets for accounting use.
* Configurable usage and exception reports -- Includes reports to monitor specific types of calls, manage employee productivity, identify abuse and misuse. Reports reflect PBX and wireless activity combined, simplifying the complex and time-consuming task of gaining visibility into telecom activity.
* Interactive and configurable analytics for instant access to data -- Provides pre-defined and configurable analytics for instant access to data such as longest calls, wireless invoice costs, and usage trends for voice, data, and texting, allowing users to drill down to the details with only one click.

VeraSMART Wireless Call Accounting scales from 100 to 100,000+ devices and is available as a SaaS subscription or on-premise licensing, starting at $1,595. For more information about features and pricing, or a product demonstration, contact Veramark at [e-mail] or visit us on the Web www.call-accounting-solutions.com. VeraSMART Wireless Call Accounting will begin shipping in September 2011.

About Veramark Technologies, Inc.

Veramark is a leading provider of innovative enterprise solutions for telecom expense management and call accounting. Veramark solutions provide visibility into usage and spend for managing complex unified communications networks. Veramark technology and services help enterprises understand, manage, and control their fixed and mobile telecom assets, costs, and related business processes. For more information, visit www.veramark.com.

Veramark, VeraSMART, and eCAS are registered trademarks of Veramark Technologies, Inc. All other trademarks are the property of their respective owners.

This report may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. A variety of factors could cause actual results to differ from the anticipated results expressed in such forward-looking statements. These may include but are not necessarily limited to changes in general economic conditions in the United States and overseas, technological changes in the telecommunications or computer industries, the timely and successful launch of planned new products, the timely installation and acceptance by end-user customers, and the impact of competition or changes in the marketing strategies of major distributors.

Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1693064

Media Contact:

Denise Chapman

Vice President of Marketing

Veramark Technologies, Inc.

[phone]

[Investolator]

NEWS:Veramark Announces Second Quarter 2011 Results
Date : 08/03/2011 @ 3:00PM
Source : MarketWire
Stock : Veramark Technologies, Inc. (VERA)
Quote : 0.63 0.0 (0.00%) @ 4:18PM

Veramark Announces Second Quarter 2011 Results
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Today : Wednesday 3 August 2011
Click Here for more Veramark Techs (QB) Charts.

Veramark Technologies, Inc. (OTCQB: VERA), a leading provider of Telecom Expense Management (TEM) solutions, today announced that revenues for its second quarter, which ended June 30, 2011, increased 3 percent to $3,247,000 from $3,167,000 for the same quarter of 2010. For the six months ended June 30, 2011 Veramark reported an 11 percent increase in revenues to $6,633,000 from $5,949,000 for the six months ended June 30, 2010.

In addition to the increase in 2011 revenues from a year ago, orders for the first half of the year of $8.0 million increased 50 percent from 2010, and helped increase our backlog of embedded future revenues to $10.7 million, an increase of 27 percent from June 30, 2010.

The Company reported a net loss of $671,000, or $0.07 per share, for the quarter ended June 30, 2011, and a net loss of $618,000, or $0.06 per share, for the six months ended June 30, 2011.

The net loss was attributable to the settlement and associated legal expenses of a patent infringement complaint filed against Veramark in 2010. On June 16, 2011, Veramark settled the complaint filed by Asentinel LLC, against the Company and two other defendants, alleging the infringement of two TEM patents held by Asentinel.

The settlement and associated legal costs reduced earnings by $0.08 per share. Tony Mazzullo, Veramark's President and Chief Executive Officer, stated, "On an operating basis, Veramark reported positive operating income of $245,000 or $0.02 per share for the first six months of 2011, an increase of 30% from the prior year, removing the effect of the patent complaint."

Mr. Mazzullo added, "A substantial increase in the number of deals won and the total value of new orders indicates that the market recognizes the high quality of Veramark products and services for Telecom Expense Management. Excluding the effect of the patent lawsuit, Veramark realized for the 6th straight quarter, positive operating income."

Mr. Mazzullo and Ronald Lundy, Vice President of Finance and CFO, will host a teleconference to discuss the 2011 first quarter results on Thursday, August 4, at 2:00 PM Eastern Time. To access the conference call, dial [phone].

About Veramark Technologies, Inc.

Veramark is a leading provider of innovative enterprise solutions for telecom expense management and call accounting. Veramark solutions provide visibility into usage and spend for managing complex unified communications networks. Veramark technology and services help enterprises understand, manage, and control their fixed and mobile telecom assets, costs, and related business processes. For more information, visit www.veramark.com.

VERAMARK TECHNOLOGIES, INC.
CONDENSED STATEMENT OF OPERATIONS
(Unaudited)

Three Months Ended
June 30

2011 2010
Revenues $ 3,246,643 $ 3,167,191

Cost of Revenues 1,095,775 892,088
Operating Expenses 2,110,487 2,152,995
Net Interest Income 12,704 236
------------ -------------
Income Before Litigation,
Settlement Expenses, and Taxes 53,085 122,344

Litigation and Settlement Expenses 723,937 -
Income Taxes - -
------------ -------------
Net Income (Loss) $ (670,852) $ 122,344
============ =============

------------ -------------
Net Income (Loss) Per Diluted Share $ (0.07) $ 0.01
============ =============
Diluted Weighted Average
Number of Shares Outstanding 10,183,547 10,063,244
============ =============



Six Months Ended
June 30

2011 2010
Revenues $ 6,632,966 $ 5,948,920

Cost of Revenues 2,177,388 1,628,146
Operating Expenses 4,243,249 4,149,378
Net Interest Income 32,776 17,459
------------ -------------
Income Before Litigation,
Settlement Expenses, and Taxes 245,105 188,855

Litigation and Settlement Expenses 862,995 -
Income Taxes - -
------------ -------------
Net Income (Loss) $ (617,890) $ 188,855
============ =============

------------ -------------
Net Income (Loss) Per Diluted Share $ (0.06) $ 0.02
============ =============
Diluted Weighted Average
Number of Shares Outstanding 10,138,204 9,955,411
============ =============

Veramark, VeraSMART, and eCAS are registered trademarks of Veramark Technologies, Inc. All other trademarks are the property of their respective owners.

This report may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. A variety of factors could cause actual results to differ from the anticipated results expressed in such forward-looking statements. These may include but are not necessarily limited to changes in general economic conditions in the United States and overseas, technological changes in the telecommunications or computer industries, the timely and successful launch of planned new products, the timely installation and acceptance by end-user customers, and the impact of competition or changes in the marketing strategies of major distributors.

Media Contact:

Tony Mazzullo

President and CEO

Veramark Technologies, Inc.

[phone]

[Investolator]

NEWS: Veramark to Announce Second Quarter Results and Hold Conference Call
Date : 07/29/2011 @ 2:00PM
Source : MarketWire
Stock : Veramark Technologies, Inc. (VERA)
Quote : 0.71 0.0 (0.00%) @ 11:59AM

Click Here!
Veramark to Announce Second Quarter Results and Hold Conference Call

Veramark Technologies, Inc. (OTCBB: VERA), a leading provider of telecom expense management solutions, will issue its financial results for the second quarter ending June 30, 2011.

News release date: Wednesday, August 3, 2011

Conference call date: Thursday, August 4, 2011, 2:00 PM Eastern Daylight Time

Conference telephone: [phone]

Tony Mazzullo, President and CEO, and Ronald Lundy, Vice President of Finance and CFO, will host the conference call to discuss recent developments and financial results. After opening remarks, there will be a question and answer period.

The Sound Byte replay will be available for 48 hours beginning at approximately 7:00 PM ET on Thursday, August 4, 2011. To replay the broadcast, visit: http://www.veramark.com/Company/InvestorRelations/.

About Veramark Technologies, Inc.

Veramark is a leading provider of innovative enterprise solutions for telecom expense management and call accounting. Veramark solutions provide visibility into usage and spend for managing complex unified communications networks. Veramark technology and services help enterprises understand, manage, and control their fixed and mobile telecom assets, costs, and related business processes. For more information, visit www.veramark.com.

Veramark, VeraSMART, and eCAS are registered trademarks of Veramark Technologies, Inc. All other trademarks are the property of their respective owners.

This report may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. A variety of factors could cause actual results to differ from the anticipated results expressed in such forward-looking statements. These may include but are not necessarily limited to changes in general economic conditions in the United States and overseas, technological changes in the telecommunications or computer industries, the timely and successful launch of planned new products, the timely installation and acceptance by end-user customers, and the impact of competition or changes in the marketing strategies of major distributors.

Media Contact:

Tony Mazzullo

President and CEO

Veramark Technologies, Inc.

[phone]

[Investolator]

We have had higher lows during the past 12 months. If it continues at this pace, we could see $2 or more in another 12 months. I have held this a long time and am willing hold it even longer. Hope all have a great evening.
Seán

[10 bagger]

VERA.. $0.78

Veramark Announces Fourth Quarter 2010 and Fiscal Year 2010 Results

Marketwire - Feb 16 at 10:12

Company Symbols: NASDAQ-OTCBB:VERA

Veramark Posts Another Consecutive Quarterly Profit and Best Earnings Report Since 1999


ROCHESTER, NY -- (MARKET WIRE) -- 02/16/11 -- Veramark Technologies Inc. (OTCBB: VERA), a leading provider of Telecom Expense Management (TEM) solutions, today announced financial results for its fourth quarter ended December 31, 2010. Veramark reported revenues for the quarter ended December 31, 2010 of $3,588,000, an increase of 36 percent from revenues of $2,633,000 for the fourth quarter of 2009. Veramark's net income for the fourth quarter of $208,000, or $0.02 per diluted share, compared with a net loss of $68,000, or $0.01 per share for the same quarter of 2009.

For the twelve months ended December 31, 2010, revenues of $13,165,000 increased 30 percent from revenues of $10,146,000 for the year ended December 31, 2009. Net income for 2010 totaled $611,000, or $0.06 per diluted share, an improvement of $1,751,000 from the net loss of $1,140,000, or $0.12 per share, for the year ended December 31, 2009.

"Over the past three years we have remained focused on our strategy of transforming Veramark into a world-class provider of telecom expense management solutions," said Tony Mazzullo, CEO and President. "It has been gratifying to see the hard work and dedication of the entire Veramark team translate into our first full year of profitability since 2005 and our best earnings since 1999. The internal quality initiatives, investments in software, and the acquisition of Source Loop in June of 2010 helped fuel our success. We strengthened our service delivery capabilities and grew our customer base. Throughout 2010, Veramark delivered revenue growth across our entire suite of products and services, and has continued to build our backlog of recurring revenues, which increased 28 percent from a year ago."

"Veramark received high marks from both customers and employees in 2010," Mr. Mazzullo added. "Customer satisfaction ratings were the highest in years, and Veramark was named one of the 'Best Companies to Work for in New York State' -- an award that reflects employee satisfaction -- for both 2010 and 2011. Delighted customers and happy employees are critical to our continued success."

Mr. Mazzullo will host a teleconference to discuss the 2010 fourth quarter results on Friday, February 18, at 2:00 pm Eastern Time. To access the conference call, dial 800-268-5851.

About Veramark Technologies, Inc.

Veramark is a leading provider of innovative enterprise solutions for telecom expense management and call accounting solutions. Veramark solutions provide visibility into usage and spend and enable best practices for managing complex unified communications networks. Veramark technology and services help enterprises understand, manage, and control their fixed and mobile telecom assets, costs, and related business processes. For more information, visit www.veramark.com.


VERAMARK TECHNOLOGIES, INC.
CONDENSED STATEMENT OF OPERATIONS
(Unaudited)

Fourth Quarter Ended
December 31

2010 2009
------------- ------------
Revenues $ 3,587,961 $ 2,633,696
============= ============
Income (Loss) Before Taxes 208,223 (67,765)
Income Taxes - -
------------- ------------
Net Income (Loss) $ 208,223 $ (67,765)
============= ============
Net Income (Loss) Per Diluted Share $ 0.02 $ (0.01)
============= ============
Weighted Average Number of
Shares Outstanding 10,193,995 9,916,774
============= ============


Fiscal Year Ended
December 31

2010 2009
------------- ------------
Revenues $ 13,165,209 $ 10,146,280
============= ============
Income (Loss) Before Taxes 610,897 (1,140,141)
Income Taxes - -
------------- ------------
Net Income (Loss) $ 610,897 $ (1,140,141)
============= ============
Net Income (Loss) Per Diluted Share $ 0.06 $ (0.12)
============= ============
Weighted Average Number of
Shares Outstanding 10,057,844 9,871,065
============= ============


Veramark, VeraSMART, and eCAS are registered trademarks of Veramark Technologies, Inc. All other trademarks are the property of their respective owners.

This report may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. A variety of factors could cause actual results to differ from the anticipated results expressed in such forward-looking statements. These may include but are not necessarily limited to changes in general economic conditions in the United States and overseas, technological changes in the telecommunications or computer industries, the timely and successful launch of planned new products, the timely installation and acceptance by end-user customers, and the impact of competition or changes in the marketing strategies of major distributors.

Media Contact:
Tony Mazzullo
President and CEO
Veramark Technologies, Inc.
[phone]
Email Contact


Source: Veramark Technologies, Inc.

[Investolator]

I have been holding VERA since February 2008 and looking at the chart, I like what I am now seeing. I am almost at a break even point and I am looking for greater things in the future here. I cannot say if or when VERA will make a move much higher, but that is what I am hoping for. I hope everyone has a great day.
Seán

[Investolator]

News --- Veramark to Announce Fourth Quarter Results and Hold Conference Call
Date : 02/14/2011 @ 3:00PM
Source : MarketWire
Stock : Veramark Technologies, Inc. (VERA)
Quote : 0.71 0.0 (0.00%) @ 9:30AM

Veramark to Announce Fourth Quarter Results and Hold Conference Call
Veramark Techs (OTCBB:VERA)
Intraday Stock Chart

Today : Monday 14 February 2011
Click Here for more Veramark Techs Charts.

Veramark Technologies, Inc. (OTCBB: VERA), a leading provider of telecom expense management solutions, will issue its financial results for the fourth quarter and fiscal year ended December 31, 2010.

News release date: Wednesday, February 16, 2011

Conference call date: Friday, February 18, 2011, 2:00 pm Eastern Time

Conference telephone: [phone]

Tony Mazzullo, President and CEO, and Ronald Lundy, Vice President of Finance and CFO, will host the conference call to discuss recent developments and financial results. After opening remarks, there will be a question and answer period.

The Sound Byte replay will be available for 48 hours beginning at approximately 7:00 PM EST on February 18, 2011. To replay the broadcast, visit: http://www.veramark.com/Company/InvestorRelations/.

About Veramark Technologies, Inc.

Veramark is a leading provider of innovative enterprise solutions for telecom expense management and call accounting solutions. Veramark solutions provide visibility into usage and spend and enable best practices for managing complex unified communications networks. Veramark technology and services help enterprises understand, manage, and control their fixed and mobile telecom assets, costs, and related business processes. For more information, visit www.veramark.com.

Veramark, VeraSMART, and eCAS are registered trademarks of Veramark Technologies, Inc. All other trademarks are the property of their respective owners.

This report may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. A variety of factors could cause actual results to differ from the anticipated results expressed in such forward-looking statements. These may include but are not necessarily limited to changes in general economic conditions in the United States and overseas, technological changes in the telecommunications or computer industries, the timely and successful launch of planned new products, the timely installation and acceptance by end-user customers, and the impact of competition or changes in the marketing strategies of major distributors.

Media Contact:

Tony Mazzullo

President and CEO

Veramark Technologies, Inc.

[phone]

[10 bagger]

VERA,, $0.65

Veramark Named One of the "Best Places to Work" for Second Consecutive Year

Marketwire - Jan 31 at 08:00

Company Symbols: NASDAQ-OTCBB:VERA

Ranked Among the Top Small/Medium Companies to Work for in New York State by NYS-SHRM


ROCHESTER, NY -- (MARKET WIRE) -- 01/31/11 -- Veramark Technologies, Inc. (OTCBB: VERA), a leading provider of Telecom Expense Management (TEM) solutions, today announced it has been recognized by the New York State Society for Human Resource Management (NYS-SHRM) as one of the "2011 Best Companies to Work for in New York State." The award is based on employee satisfaction surveys, with winners receiving high marks in areas such as work environment, work/life balance, job satisfaction, opportunities for advancement, and overall workplace excellence.

"We are delighted to be recognized for the second year in a row as one of the Best Companies to Work for in New York State," said Tony Mazzullo, Veramark's CEO and President. "Earning this honor two years in a row is compelling evidence that Veramark is on the right track. We believe that we have a very special spirit at Veramark, and it's great to see this spirit acknowledged publicly."

Selection of the 2011 Best Companies in NY was based on an assessment of the employee policies and procedures, as well as results of an internal employee survey conducted by the Best Companies Group. The Best Companies list is comprised of two groups: 27 small/medium-sized companies and 23 large-sized companies. The small to midsize category includes companies employing up to 250; the large category is for more than 250 employees. In total, 50 companies were identified for demonstrating that happy employees make for good business and drive the Empire State's economy. The final 2011 rankings are slated to be revealed at an awards dinner on April 21st in Albany, NY. For more information on the Best Companies to Work for in New York awards program, visit www.bestcompaniesNY.com.

"Veramark places a high value on creating a rewarding place to work and fostering a corporate culture that values the loyalty and dedication of our employees," said Mazzullo. "Our success in making Veramark a great work environment helps us deliver exceptional service to our customers."

About Veramark Technologies, Inc.
Veramark is a leading provider of innovative enterprise solutions for telecom expense management and call accounting. Veramark solutions provide visibility into usage and spend and enable best practices for managing complex unified communications networks. Veramark technology and services help enterprises understand, manage, and control their fixed and mobile telecom assets, costs, and related business processes.

To learn more visit www.veramark.com, Facebook www.facebook.com/veramarktechnologiesinc, and on Twitter at VeramarkTEM.

Veramark, VeraSMART, and eCAS are registered trademarks of Veramark Technologies, Inc. MySMART is a trademark of Veramark Technologies, Inc. All other trademarks are the property of their respective owners. This press release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. A variety of factors could cause actual results to differ from the anticipated results expressed in such forward-looking statements. These may include but are not necessarily limited to changes in general economic conditions in the United States and overseas, technological changes in the telecommunications or computer industries, the timely and successful launch of planned new products, the timely installation and acceptance by end-user customers, and the impact of competition or changes in the marketing strategies of major distributors.

Add to Digg Bookmark with del.icio.us Add to Newsvine

Contact:
Denise Chapman
Vice President of Marketing
585.383.6883
Email Contact


Source: Veramark Technologies, Inc.

[10 bagger]

VERA.. $0.62

Veramark Awarded Telecom Expense Management BPO Contract by Panda Restaurant Group

Marketwire - Dec 08 at 08:00

Company Symbols: NASDAQ-OTCBB:VERA

Panda Seeks Savings and Efficiency by Outsourcing Telecom "Procure to Pay" Business Processes to Leading TEM Provider


ROCHESTER, NY -- (MARKET WIRE) -- 12/08/10 -- Panda Restaurant Group has selected Veramark Technologies, Inc. (OTCBB: VERA), a leading provider of Telecom Expense Management (TEM) solutions, to provide TEM services for its national chain of gourmet Chinese restaurants. Veramark will provide Panda with a full complement of services including telecom invoice audit and processing, service ordering and provisioning, account payment, and spend analytics services on a business process outsourcing (BPO) basis.

With more than 1300 restaurant locations around the country, Panda Restaurant Group receives nearly 600 telecom invoices from over 40 carriers every month. With the continued growth of the Panda chain, managing telecom expenses was becoming increasingly costly and time consuming. Panda's IT management team recognized the need to implement a holistic telecom expense management process that would enable them to better manage their growing telecom network.

The Veramark solution features an initial audit as well as ongoing telecom expense management. The initial audit will include a thorough inventory of Panda's telecom contracts, services, and circuits to identify opportunities for invoice consolidation and network optimization. Veramark will then implement ongoing processing of invoices, utilizing their TEM-enabling technology to automate the invoice review, validation, and payment processes.

"VeraSMART gives us the configurability and visibility we were looking for," said Panda's Xing Ming, who was instrumental in researching and selecting the Veramark solution. "We especially like the fact that it integrates with our Lawson AP system, completely eliminating the need for manual GL coding of telecom charges," Ming explained. "Veramark's expertise and long term vision make them a good partner for Panda."

"Panda management took the time to assess how best to manage their telecom environment," noted Daren Moore, Veramark's Senior Vice President of TEM Services. "Veramark will provide the people, processes, and technology to efficiently manage their telecom services and process invoices, allowing Panda to focus on delivering excellence to their customers."

TEM services for Panda are enabled by Veramark's Web-based VeraSMART software deployed as a cloud service. The Panda staff will have full access to the system through VeraSMART's browser-based interface, and have full visibility into all the usage and expense data captured by the VeraSMART system. Telecom spend reports will be distributed via the Web to key personnel across the Panda enterprise.

Veramark's solution for Panda includes business intelligence software, which will allow Panda to perform sophisticated analytics on the usage and expense data gathered by the VeraSMART system. Panda has seen the benefits of using business intelligence in other areas of their business and will use VeraSMART financial reporting for making strategic decisions regarding future telecom contracts and services.

"We are extremely pleased that Panda has selected Veramark to be their TEM provider," said Tony Mazzullo, Veramark's President and CEO. "Our cloud-based BPO solution is the perfect match for the telecom expense challenges facing Panda Restaurant Group, a widely distributed and fast-growing business. We look forward to a long-term partnership with Panda, delivering results that meet and exceed their expectations."

About Panda Restaurant Group, Inc.
With more than 1,300 restaurants in 38 states, and a team of more than 18,000 associates, family-owned Panda Restaurant Group is the largest and fastest-growing Asian restaurant company in the nation. Panda has set itself apart for the past quarter century through its commitment to excellence -- not only focusing on satisfying guests' tastes for Chinese food with fresh, flavorful dishes, but by satisfying associates with an unwavering commitment to education and community. Panda Restaurant Group includes Panda Inn, Panda Express, and Hibachi-San restaurant chains. For more information, visit (www.pandarg.com).

About Veramark Technologies, Inc.
Veramark is a leading provider of innovative enterprise solutions for telecom expense management and call accounting solutions. Veramark solutions provide visibility into usage and spend and enable best practices for managing complex unified communications networks. Veramark technology and services help enterprises understand, manage, and control their fixed and mobile telecom assets, costs, and related business processes. For more information, visit www.veramark.com.

Veramark, VeraSMART, and eCAS are registered trademarks of Veramark Technologies, Inc. MySMART and VeraSMART Performance Advisor are trademarks of Veramark Technologies, Inc. All other trademarks are the property of their respective owners. This press release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. A variety of factors could cause actual results to differ from the anticipated results expressed in such forward-looking statements. These may include but are not necessarily limited to changes in general economic conditions in the United States and overseas, technological changes in the telecommunications or computer industries, the timely and successful launch of planned new products, the timely installation and acceptance by end-user customers, and the impact of competition or changes in the marketing strategies of major distributors.

Contact:
Denise Chapman
Vice President of Marketing
585.383.6883
Email Contact

[db7]

nice pr, Veramark Awarded Telecom Expense Management BPO Contract by Panda Restaurant Group
Panda Seeks Savings and Efficiency by Outsourcing Telecom "Procure to Pay" Business Processes to Leading TEM Provider

Press Release Source: Veramark Technologies, Inc. On Wednesday December 8, 2010, 8:00 am
ROCHESTER, NY--(Marketwire - 12/08/10) - Panda Restaurant Group has selected Veramark Technologies, Inc. (OTC.BB:VERA - News), a leading provider of Telecom Expense Management (TEM) solutions, to provide TEM services for its national chain of gourmet Chinese restaurants. Veramark will provide Panda with a full complement of services including telecom invoice audit and processing, service ordering and provisioning, account payment, and spend analytics services on a business process outsourcing (BPO) basis.

With more than 1300 restaurant locations around the country, Panda Restaurant Group receives nearly 600 telecom invoices from over 40 carriers every month. With the continued growth of the Panda chain, managing telecom expenses was becoming increasingly costly and time consuming. Panda's IT management team recognized the need to implement a holistic telecom expense management process that would enable them to better manage their growing telecom network.

The Veramark solution features an initial audit as well as ongoing telecom expense management. The initial audit will include a thorough inventory of Panda's telecom contracts, services, and circuits to identify opportunities for invoice consolidation and network optimization. Veramark will then implement ongoing processing of invoices, utilizing their TEM-enabling technology to automate the invoice review, validation, and payment processes.

"VeraSMART gives us the configurability and visibility we were looking for," said Panda's Xing Ming, who was instrumental in researching and selecting the Veramark solution. "We especially like the fact that it integrates with our Lawson AP system, completely eliminating the need for manual GL coding of telecom charges," Ming explained. "Veramark's expertise and long term vision make them a good partner for Panda."

"Panda management took the time to assess how best to manage their telecom environment," noted Daren Moore, Veramark's Senior Vice President of TEM Services. "Veramark will provide the people, processes, and technology to efficiently manage their telecom services and process invoices, allowing Panda to focus on delivering excellence to their customers."

TEM services for Panda are enabled by Veramark's Web-based VeraSMART software deployed as a cloud service. The Panda staff will have full access to the system through VeraSMART's browser-based interface, and have full visibility into all the usage and expense data captured by the VeraSMART system. Telecom spend reports will be distributed via the Web to key personnel across the Panda enterprise.

Veramark's solution for Panda includes business intelligence software, which will allow Panda to perform sophisticated analytics on the usage and expense data gathered by the VeraSMART system. Panda has seen the benefits of using business intelligence in other areas of their business and will use VeraSMART financial reporting for making strategic decisions regarding future telecom contracts and services.

"We are extremely pleased that Panda has selected Veramark to be their TEM provider," said Tony Mazzullo, Veramark's President and CEO. "Our cloud-based BPO solution is the perfect match for the telecom expense challenges facing Panda Restaurant Group, a widely distributed and fast-growing business. We look forward to a long-term partnership with Panda, delivering results that meet and exceed their expectations."

About Panda Restaurant Group, Inc.
With more than 1,300 restaurants in 38 states, and a team of more than 18,000 associates, family-owned Panda Restaurant Group is the largest and fastest-growing Asian restaurant company in the nation. Panda has set itself apart for the past quarter century through its commitment to excellence -- not only focusing on satisfying guests' tastes for Chinese food with fresh, flavorful dishes, but by satisfying associates with an unwavering commitment to education and community. Panda Restaurant Group includes Panda Inn, Panda Express, and Hibachi-San restaurant chains. For more information, visit (www.pandarg.com).

About Veramark Technologies, Inc.
Veramark is a leading provider of innovative enterprise solutions for telecom expense management and call accounting solutions. Veramark solutions provide visibility into usage and spend and enable best practices for managing complex unified communications networks. Veramark technology and services help enterprises understand, manage, and control their fixed and mobile telecom assets, costs, and related business processes. For more information, visit www.veramark.com.

Veramark, VeraSMART, and eCAS are registered trademarks of Veramark Technologies, Inc. MySMART and VeraSMART Performance Advisor are trademarks of Veramark Technologies, Inc. All other trademarks are the property of their respective owners. This press release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. A variety of factors could cause actual results to differ from the anticipated results expressed in such forward-looking statements. These may include but are not necessarily limited to changes in general economic conditions in the United States and overseas, technological changes in the telecommunications or computer industries, the timely and successful launch of planned new products, the timely installation and acceptance by end-user customers, and the impact of competition or changes in the marketing strategies of major distributors.

Contact:
Contact:Denise ChapmanVice President of Marketing585.383.6883Email Contact

[10 bagger]

VERA.. $0.60..

This is a true low floater and I have been on the bid since the earnings report.. Good balance sheet and a true turn around in sales and earnings.. While I consider it a value microcap I think ownership will take patence and a close look at future news releases for Guidance.. hank

[10 bagger]

VERA.. $0.60..

This is a true low floater and I have been on the bid since the earnings report.. Good balance sheet and a true turn around in sales and earnings.. While I consider it a value microcap I think ownership will take patence and a close look at future news releases for Guidance.. hank

[10 bagger]

VERA $0.60 DD 06/18/2010

Veramark Acquires Source Loop, LLC

Market Wire - Jun 18 at 13:12

Company Symbols: NASDAQ-OTCBB:VERA

Acquisition of Leading Telecom Expense Management Services Provider Expands Breadth and Depth of Veramark's Solution Suite


PITTSFORD, NY -- (MARKET WIRE) -- 06/18/10 -- Veramark Technologies Inc. (OTCBB: VERA), a leading provider of Telecom Expense Management (TEM) solutions, today announced that it has acquired the enterprise TEM and consulting businesses of privately-held Source Loop, LLC, a leading provider of such services, based in Alpharetta, Georgia.

Source Loop service capabilities acquired by Veramark include a full suite of professional and managed services for enterprise-class TEM, including telecom cost elimination programs, telecom assessments, sourcing, audits, benchmarking, and network optimization.

"This acquisition was completed to benefit our customers and is part of our continuous improvement efforts," said Tony Mazzullo, CEO and President of Veramark. "Simply stated, the depth and breadth of the TEM services we offer our customers are greatly improved and our flexibility to serve our customers, now and in the future, is enhanced."

"Source Loop has had the opportunity to work with many of the leading TEM companies," said Daren Moore, Managing Partner of Source Loop. "But in our experience, Veramark alone possesses the culture of innovation and dedication to customer value creation that we believe is crucial to the long-term success in this market. We are thrilled to join the Veramark team."

The aggregate purchase price to be paid by the Company for such assets is $1.5 million plus the issuance of up to 500,000 shares of the Company's $.10 par value common stock, both subject to adjustment based on financial performance measures.

"Veramark's revenue generated from telecom expense management and Business Process Outsourcing (BPO) services jumped 63% in the first quarter of 2010 from the same quarter of 2009," said Mazzullo. "This is a positive sign that clients see value in the portfolio of services and technology. Our investments help assure that we continue to provide a high level of value to our clients."

Tony Mazzullo will continue to serve as President and CEO of Veramark. Daren Moore joins Veramark as Senior Vice President, Telecom Expense Management Services. Joe Foster joins Veramark as Vice President, Telecom Expense Management Operations. Source Loop's service delivery personnel and other key staff will also join the Veramark team. Veramark headquarters remains in Pittsford, NY, and Source Loop's Alpharetta, Georgia office will serve as an additional Veramark location.

About Source Loop
Source Loop has offered a full suite of professional and managed services for Telecom Expense Management (TEM), including telecom assessments, sourcing, audits, benchmarking, and network optimization. Source Loop also provided ongoing TEM best practice solutions that drive return on investment throughout the entire telecom lifecycle. Source Loop, a recognized thought leader in the TEM arena, partnered with enterprise clients to implement centrally managed and integrated TEM solutions that enable strong operational and cost-effective communications networks.

About Veramark Technologies, Inc.
Veramark is a leading provider of innovative enterprise software and services for telecom and IT expense and performance management. Veramark solutions provide visibility into operational expenses and generate actionable business intelligence to help organizations reduce spend and optimize business processes. Veramark solutions, which include software and services for Telecom Expense Management (TEM) and call accounting, enable best practices for managing complex unified communications networks on a global scale. For more information, visit www.veramark.com.

Veramark, VeraSMART, and eCAS are registered trademarks of Veramark Technologies, Inc. All other trademarks are the property of their respective owners.

This report may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. A variety of factors could cause actual results to differ from the anticipated results expressed in such forward-looking statements. These may include but are not necessarily limited to changes in general economic conditions in the United States and overseas, technological changes in the telecommunications or computer industries, the timely and successful launch of planned new products, the timely installation and acceptance by end-user customers, and the impact of competition or changes in the marketing strategies of major distributors. These risk factors and others are described in the Company's reports filed with the United States Securities and Exchange Commission. Subsequent events and developments may cause these forward-looking statements to change. The Company specifically disclaims any obligation or intention to update or revise these forward-looking statements as a result of changed events or circumstances that occur after the date of this release, except as required by applicable law.

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Media Contact:
Tony Mazzullo
President and CEO
Veramark Technologies, Inc.
[phone]
Email Contact

[10 bagger]

VERA $0.60 DD 06/08/2010

FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 OMB APPROVAL
OMB Number: 3235-0104
Expires: February 28, 2011
Estimated average burden
hours per response 0.5


1. Name and Address of Reporting Person*DUBNIK STEVE M

--------------------------------------------------------------------------------
(Last) (First) (Middle)
3750 MONROE AVE


--------------------------------------------------------------------------------
(Street)PITTSFORD NY 14534

--------------------------------------------------------------------------------
(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
05/20/2010 3. Issuer Name and Ticker or Trading Symbol
VERAMARK TECHNOLOGIES INC [VERA]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)X Director 10% Owner
Officer (give title below) Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person
Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Excercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
VERA Option Right to Purchase 05/20/2011 05/20/2020 VERA common stock 10,000 $ 0.5 D
Explanation of Responses:

[10 bagger]

VERA $0.60 DD 06/08/2010

FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 OMB APPROVAL
OMB Number: 3235-0104
Expires: February 28, 2011
Estimated average burden
hours per response 0.5


1. Name and Address of Reporting Person*DUNSTAN CHRIS

--------------------------------------------------------------------------------
(Last) (First) (Middle)
3750 MONROE AVE


--------------------------------------------------------------------------------
(Street)PITTSFORD NY 14534

--------------------------------------------------------------------------------
(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
05/20/2010 3. Issuer Name and Ticker or Trading Symbol
VERAMARK TECHNOLOGIES INC [VERA]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)X Director 10% Owner
Officer (give title below) Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person
Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Excercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
VERA Option Right to Purchase 05/20/2011 05/20/2020 VERA common stock 10,000 $ 0.5 D
Explanation of Responses:

[10 bagger]

VERA.. $0.60 DD 06/01/2010

Veramark Selected as Finalist in 2010 Stevie Awards(R)

Market Wire - Jun 01 at 11:00

Company Symbols: NASDAQ-OTCBB:VERA

Telecom Expense Management Provider Is Recognized as One of the "Most Innovative" Small Companies of the Year


PITTSFORD, NY -- (MARKET WIRE) -- 06/01/10 -- Veramark Technologies, Inc. (OTCBB: VERA), a leading provider of Telecom Expense Management (TEM) solutions, has been named a Finalist in the "Most Innovative Company of the Year - up to 100 Employees" category in The 2010 American Business Awards.

The American Business Awards is part of the Stevie Awards, one of the nation's premier business awards programs. This year, more than 2,700 entries from virtually every industry were submitted for consideration in 40 award categories. Finalists were chosen by business professionals nationwide during preliminary judging in April and May.

Finalists for the most innovative small company of the year award earned a "7" or higher on a scale of 1 to 10, based on a rigorous scorecard system applied by a minimum of five expert judges. Veramark is one of only six companies that made the cut.

Veramark's score reflects its innovative approach to TEM-enabling technology, corporate culture and teambuilding, partnerships, marketing, product development, and relentless focus on customer satisfaction. Veramark's commitment to innovation is reflected by its investment in new and better solutions for telecom expense management.

"Veramark consistently invests more than 20 percent of revenue on research and product development. This investment has paid off by establishing Veramark on the cutting edge of telecom expense management technology and services. It's key to exceeding our customers' expectations," said Tony Mazzullo, Veramark's President and CEO. "It is nice to be recognized by the Stevie Awards for the results of this hard work."

"To keep up with the business impact of rapidly changing telecom technology and the challenges of expense management in today's economy, innovation is absolutely essential. Not only in our products and services, but in the way we collaborate with our customers and anticipate their future needs," added Tom McAlees, Senior Vice President of Engineering and Operations. "Here at Veramark, innovation is part of everything we do."

The Stevie Award winners will be announced on Monday, June 21 at the Marriott Marquis Hotel in New York City. More than six-hundred executives from across the U.S.A. are expected to attend. The event will benefit Oceana (oceana.org), the largest international organization focused on ocean conservation. The ceremonies will be broadcast on radio nationwide by the Business TalkRadio Network.

Details about The American Business Awards and the list of Finalists in all categories are available at http://www.stevieawards.com/aba/.

About Veramark Technologies, Inc.
Veramark is a leading provider of innovative enterprise solutions for telecom and IT expense and performance management. Veramark solutions provide visibility into operational expenses and generate actionable business intelligence to help organizations reduce spend and optimize business processes. Veramark solutions, which include software and services for Telecom Expense Management (TEM), call accounting, and Business Process Outsourcing (BPO), enable best practices for managing complex unified communications networks on a global scale. For more information, visit www.veramark.com.

About The Stevie Awards
Stevie Awards are conferred in four programs: The American Business Awards, The International Business Awards, the Stevie Awards for Women in Business, and the Stevie Awards for Sales & Customer Service. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about The Stevie Awards at www.stevieawards.com.

Sponsors and partners of The 2010 American Business Awards include Infogroup, Netezza, CIGNA, Citrix Online, Epic Advertising, High Performance Technologies Inc., imagistic, John Hancock, LifeLock, Lionbridge, PetRays, RCN, and SoftPro.

Veramark, VeraSMART, and eCAS are registered trademarks of Veramark Technologies, Inc. MySMART and VeraSMART Performance Advisor are trademarks of Veramark Technologies, Inc. All other trademarks are the property of their respective owners. This press release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. A variety of factors could cause actual results to differ from the anticipated results expressed in such forward-looking statements. These may include but are not necessarily limited to changes in general economic conditions in the United States and overseas, technological changes in the telecommunications or computer industries, the timely and successful launch of planned new products, the timely installation and acceptance by end-user customers, and the impact of competition or changes in the marketing strategies of major distributors.

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Veramark Contact:
Denise Chapman
Director of Marketing
585.383.6883
Email Contact

[Investolator]

NEWS: Veramark Announces Third Quarter 2010 Results
Date : 11/10/2010 @ 2:14PM
Source : MarketWire
Stock : Veramark Technologies, Inc. (VERA)
Quote : 0.61 0.1 (19.61%) @ 3:11PM


Veramark Announces Third Quarter 2010 Results
Veramark Techs (BB) (OTCBB:VERA)
Intraday Stock Chart

Today : Wednesday 10 November 2010
Click Here for more Veramark Techs (BB) Charts.

Veramark Technologies, Inc. (OTCBB: VERA), a leading provider of Telecom Expense Management (TEM) solutions, today announced financial results for its third quarter ended September 30, 2010. Revenues of $3,628,000 for the quarter ended September 30, 2010 increased 44 percent from revenues of $2,511,000 for the third quarter of 2009, and revenues of $9,577,000 for the nine months ended September 30, 2010 increased 27 percent from revenues of $7,513,000 for the same nine months of 2009.

Veramark's net income for the third quarter of 2010 of $214,000, or $0.02 per share, compares with the net loss of $350,000, a loss of $0.04 per share, reported for the third quarter of 2009. Net income of $403,000, or $0.04 per share for the nine months ended September 30, 2010, improved from a net loss of $1,072,000, or $0.11 per share for the nine months ended September 30, 2009.

The third quarter of 2010 is the first reporting period to include a full quarter of operating results for Source Loop LLC, acquired by Veramark in June. The financial impact of that acquisition on third quarter results was an increase in revenues of approximately $500,000 and an increase in reported net income of approximately $60,000.

Tony Mazzullo, Veramark's President and Chief Executive Officer
, stated, "We are pleased by the revenue growth we have achieved across our entire portfolio of Telecom Expense Management products and services. We have produced profitable results over three consecutive quarters for the first time in 10 years."

Revenue numbers include managed and outsourced TEM services delivered on a monthly subscription basis. These TEM services continue to grow the backlog of recurring revenues, which has increased 21% since the end of 2009.

Mr. Mazzullo will host a teleconference to discuss the 2010 third quarter results on Thursday, November 11, 2010, at 2:00 pm Eastern Time. To access the conference call, dial [phone].

About Veramark Technologies, Inc.

Veramark is a leading provider of innovative enterprise solutions for telecom expense management and call accounting solutions. Veramark solutions provide visibility into usage and spend and enable best practices for managing complex unified communications networks. Veramark technology and services help enterprises understand, manage, and control their fixed and mobile telecom assets, costs, and related business processes. For more information, visit www.veramark.com.





VERAMARK TECHNOLOGIES, INC.
CONDENSED STATEMENT OF OPERATIONS
(Unaudited)


Third Quarter Ended
September 30, 2010

2010 2009
------------- ------------
Revenues $ 3,628,327 $ 2,510,515
============= ============
Income (Loss) Before Taxes 213,818 (350,325)
Income Taxes - -
------------- ------------
Net Income (Loss) $ 213,818 $ (350,325)
============= ============
Net Income (Loss) Per Diluted Share $ 0.02 $ (0.04)
============= ============
Diluted Weighted Average
Number of Shares Outstanding 10,126,558 9,913,731
============= ============



Nine Months Ended
September 30, 2010

2010 2009
------------- ------------
Revenues $ 9,577,247 $ 7,512,584
============= ============
Income (Loss) Before Taxes 402,673 (1,072,376)
Income Taxes - -
------------- ------------
Net Income (Loss) $ 402,673 $ (1,072,376)
============= ============
Net Income (Loss) Per Diluted Share $ 0.04 $ (0.11)
============= ============
Diluted Weighted Average
Number of Shares Outstanding 10,012,460 9,855,829
============= ============






Veramark, VeraSMART, and eCAS are registered trademarks of Veramark Technologies, Inc. All other trademarks are the property of their respective owners.

This report may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. A variety of factors could cause actual results to differ from the anticipated results expressed in such forward-looking statements. These may include but are not necessarily limited to changes in general economic conditions in the United States and overseas, technological changes in the telecommunications or computer industries, the timely and successful launch of planned new products, the timely installation and acceptance by end-user customers, and the impact of competition or changes in the marketing strategies of major distributors.

Media Contact:

Tony Mazzullo

President and CEO

Veramark Technologies, Inc.

[phone]

[Investolator]

NEWS: Veramark to Announce Third Quarter Results and Hold Conference Call
Date : 11/04/2010 @ 1:00PM
Source : MarketWire
Stock : Veramark Technologies, Inc. (VERA)
Quote : 0.6 0.09 (17.65%) @ 11:52AM


Veramark to Announce Third Quarter Results and Hold Conference Call
Veramark Techs (BB) (OTCBB:VERA)
Intraday Stock Chart

Today : Thursday 4 November 2010
Click Here for more Veramark Techs (BB) Charts.

Veramark Technologies, Inc. (OTCBB: VERA), a leading provider of telecom expense management solutions, will issue its financial results for the third quarter ended September 30, 2010.

News release date: Wednesday, November 10, 2010

Conference call date: Thursday, November 11, 2010, 2:00 pm Eastern Time

Conference telephone: [phone]

Tony Mazzullo, President and CEO, and Ronald Lundy, Vice President of Finance and CFO, will host the conference call to discuss recent developments and financial results. After opening remarks, there will be a question and answer period.

The Sound Byte replay will be available for 48 hours beginning at approximately 7:00 PM EST on November 11, 2010. To replay the broadcast, visit: http://www.veramark.com/Company/InvestorRelations/.

About Veramark Technologies, Inc.

Veramark is a leading provider of innovative enterprise solutions for telecom expense management and call accounting solutions. Veramark solutions provide visibility into usage and spend and enable best practices for managing complex unified communications networks. Veramark technology and services help enterprises understand, manage, and control their fixed and mobile telecom assets, costs, and related business processes. For more information
, visit www.veramark.com.

Veramark, VeraSMART, and eCAS are registered trademarks of Veramark Technologies, Inc. All other trademarks are the property of their respective owners.

This report may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. A variety of factors could cause actual results to differ from the anticipated results expressed in such forward-looking statements. These may include but are not necessarily limited to changes in general economic conditions in the United States and overseas, technological changes in the telecommunications or computer industries, the timely and successful launch of planned new products, the timely installation and acceptance by end-user customers, and the impact of competition or changes in the marketing strategies of major distributors.

Media Contact:

Tony Mazzullo

President and CEO

Veramark Technologies, Inc.

[phone]

[Investolator]

News: Veramark Relocating Headquarters to State-of-the-Art Facility
Date : 09/08/2010 @ 8:00AM
Source : MarketWire
Stock : Veramark Technologies, Inc (VERA)
Quote : 0.5 0.0 (0.00%) @ 7:29AM


Veramark Relocating Headquarters to State-of-the-Art Facility
Veramark Techs (BB) (OTCBB:VERA)
Intraday Stock Chart

Today : Thursday 9 September 2010
Click Here for more Veramark Techs (BB) Charts.

Veramark Technologies, Inc. (OTCBB: VERA), a leading provider of Telecom Expense Management (TEM) solutions, has announced that it will be moving its corporate headquarters from its current location in Pittsford, NY, to a new facility four miles away in Henrietta, NY. The move is anticipated to take place September 25, 2010.

The new Veramark headquarters will be in Building 1 of the Eagle's Landing Business Park, located at 1565 Jefferson Road, Rochester, NY, 14623. They will contain 22,878 square feet of space. The interior of the new facility has been designed to meet Veramark's specifications. The layout of offices, conference rooms, cubicles, and public space is designed to create an optimal work environment for the company's software and services business.

"Veramark has been in its current location for 15 years, and it simply doesn't fit our needs anymore," said Tony Mazzullo, Veramark President and CEO. "The open environment will encourage teamwork and collaboration, boost productivity, and help our employees serve our customers more effectively. And because the facility is more efficient, we expect to save approximately $150,000 per year on facilities cost as compared to costs of our current facility."

Veramark is a leading provider of software and services that help organizations reduce their telecom expenses and streamline related business processes. The new facility will accommodate all Rochester-based employees, including software engineering, marketing, sales, customer services and support, and information technology teams. Spare cubicles and offices will be available for use by visiting remote employees, guests, and will provide room to grow.

By allowing Veramark to cut energy consumption, the new facility will help the company continue to expand its green initiative, which has been a high priority in recent years. In 2009 alone, Veramark was able to:

* Reduce electric use by 23.8%
* Reduce natural gas use by 5.9%
* Recycle 3913 pounds of electronic waste
* Donate 60 PCs and monitors to a local organization for reuse by disadvantaged families in the community

"Veramark was selected as One of the Best Places to Work for in New York in 2010," said Mazzullo. "In our bright, efficient and airy new office, it's going to be an even better place to work."

About Veramark Technologies, Inc.

Veramark is a leading provider of innovative enterprise solutions for telecom expense management and call accounting solutions. Veramark solutions provide visibility into usage and spend and enable best practices for managing complex unified communications networks. Veramark technology and services help enterprises understand, manage, and control their fixed and mobile telecom assets, costs, and related business processes. For more information, visit www.veramark.com.

Veramark, VeraSMART, and eCAS are registered trademarks of Veramark Technologies, Inc. MySMART and VeraSMART Performance Advisor are trademarks of Veramark Technologies, Inc. All other trademarks are the property of their respective owners. This press release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. A variety of factors could cause actual results to differ from the anticipated results expressed in such forward-looking statements. These may include but are not necessarily limited to changes in general economic conditions in the United States and overseas, technological changes in the telecommunications or computer industries, the timely and successful launch of planned new products, the timely installation and acceptance by end-user customers, and the impact of competition or changes in the marketing strategies of major distributors.

Contact:

Denise Chapman

Vice President of Marketing

585.383.6883

[Investolator]

NEWSVeramark Posts Profit in Second Quarter 2010
Date : 08/12/2010 @ 3:13PM
Source : MarketWire
Stock : Veramark Technologies, Inc. (VERA)
Quote : 0.67 0.0 (0.00%) @ 8:10AM


Veramark Posts Profit in Second Quarter 2010
Veramark Techs (BB) (OTCBB:VERA)
Intraday Stock Chart

Today : Friday 13 August 2010
Click Here for more Veramark Techs (BB) Charts.

Veramark Technologies Inc. (OTCBB: VERA), a leading provider of Telecom Expense Management (TEM) solutions, today announced financial results for its second quarter, which ended June 30, 2010. Revenues for the three months ended June 30, 2010 of $3,167,000, increased 28 percent from revenues of $2,479,000 for the three months ended June 30, 2009. For the six months ended June 30, 2010, revenues of $5,949,000 increased 19 percent from revenues of $5,002,000 for the first six months of 2009.

Net income for the three months ended June 30, 2010 of $122,000, or $0.01 per share, compares with a net loss of $542,000, or $0.05 per share for the same quarter of 2009. Net income of $189,000 or $0.02 per share, for the first six months of 2010 compares with a net loss of $722,000, or $0.07 per share, for the first six months of 2009.

In June, Veramark announced that it had acquired substantially all of the assets of the TEM and consulting businesses of privately held Source Loop LLC, a leading provider of such services, based in Alpharetta, Georgia. Source Loop's service capabilities acquired include a full suite of professional and managed services for enterprise-class TEM, including telecom cost elimination programs, telecom assessments, sourcing, auditing, benchmarking, and network optimization. Financial results for the most recent quarter reflect the result of the combined entity retroactive to June 1, 2010.

"We are pleased that Veramark has achieved positive results as we continue to grow our Telecom Expense Management business, said Tony Mazzullo, Veramark's President and Chief Executive Officer. "Veramark has delivered two consecutive quarters of profitability in 2010, resulting in an improvement of over $900,000 in net income for the first six months of 2010 as compared to a year ago."

Mr. Mazzullo will host a teleconference to discuss the 2010 second quarter results on Friday, August 13, 2010, at 2:00 pm Eastern Time. To access the conference call, dial [phone].

About Veramark Technologies, Inc.

Veramark is a leading provider of innovative enterprise solutions for telecom expense management and call accounting solutions. Veramark solutions provide visibility into usage and spend and enable best practices for managing complex unified communications networks. Veramark technology and services help enterprises understand, manage, and control their fixed and mobile telecom assets, costs, and related business processes. For more information, visit www.veramark.com.

VERAMARK TECHNOLOGIES, INC.
CONDENSED STATEMENT OF OPERATIONS DATA
(Unaudited)

Second Quarter Ended
June 30, 2010

2010 2009
------------ -----------
Revenues $ 3,167,191 $ 2,479,390
============ ===========
Income (Loss) Before Taxes 122,344 (541,932)
Income Taxes - -
------------ -----------
Net Income (Loss) $ 122,344 $ (541,932)
============ ===========
Net Income (Loss) Per Diluted Share $ 0.01 $ (0.05)
============ ===========
Diluted Weighted Average
Number of Shares Outstanding 10,063,244 9,869,026
============ ===========



Six Months Ended
June 30, 2010

2010 2009
------------ -----------
Revenues $ 5,948,920 $ 5,002,069
============ ===========
Income (Loss) Before Taxes 188,855 (722,051)
Income Taxes - -
------------ -----------
Net Income (Loss) $ 188,855 $ (722,051)
============ ===========
Net Income (Loss) Per Diluted Share $ 0.02 $ (0.07)
============ ===========
Diluted Weighted Average
Number of Shares Outstanding 9,955,411 9,826,878
============ ===========

Veramark, VeraSMART, and eCAS are registered trademarks of Veramark Technologies, Inc. All other trademarks are the property of their respective owners.

This report may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. A variety of factors could cause actual results to differ from the anticipated results expressed in such forward-looking statements. These may include but are not necessarily limited to changes in general economic conditions in the United States and overseas, technological changes in the telecommunications or computer industries, the timely and successful launch of planned new products, the timely installation and acceptance by end-user customers, and the impact of competition or changes in the marketing strategies of major distributors.

Media Contact:

Tony Mazzullo

President and CEO

Veramark Technologies, Inc.

[phone]

[Investolator]

News Veramark to Announce Second Quarter Results and Hold Conference Call
Date : 08/09/2010 @ 4:07PM
Source : MarketWire
Stock : Veramark Technologies, Inc (VERA)
Quote : 0.65 0.0 (0.00%) @ 3:25PM

Veramark to Announce Second Quarter Results and Hold Conference Call
Veramark Techs (BB) (OTCBB:VERA)
Intraday Stock Chart

Today : Monday 9 August 2010
Click Here for more Veramark Techs (BB) Charts.

Veramark Technologies, Inc. (OTCBB: VERA), a leading provider of telecom expense management solutions, will issue its financial results for the second quarter ended June 30, 2010.

News release date: Thursday, August 12, 2010

Conference call date: Friday, August 13, 2010 2:00 pm Eastern Time

Conference telephone: [phone]

Tony Mazzullo, President and CEO, and Ronald Lundy, Vice President of Finance and CFO, will host the conference call to discuss recent developments and financial results. After opening remarks, there will be a question and answer period.

The Sound Byte replay will be available for 48 hours beginning at approximately 7:00 PM EDT on August 13, 1010. To replay the broadcast, visit: http://www.veramark.com/Company/InvestorRelations/.

About Veramark Technologies, Inc.

Veramark is a leading provider of innovative enterprise solutions for telecom expense management and call accounting solutions. Veramark solutions provide visibility into usage and spend and enable best practices for managing complex unified communications networks. Veramark technology and services help enterprises understand, manage, and control their fixed and mobile telecom assets, costs, and related business processes. For more information, visit www.veramark.com.

Veramark, VeraSMART, and eCAS are registered trademarks of Veramark Technologies, Inc. All other trademarks are the property of their respective owners.

This report may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. A variety of factors could cause actual results to differ from the anticipated results expressed in such forward-looking statements. These may include but are not necessarily limited to changes in general economic conditions in the United States and overseas, technological changes in the telecommunications or computer industries, the timely and successful launch of planned new products, the timely installation and acceptance by end-user customers, and the impact of competition or changes in the marketing strategies of major distributors.

Media Contact:

Tony Mazzullo

President and CEO

Veramark Technologies, Inc.

[phone]

[Investolator]

News: Veramark Solution Now Rated "Avaya Compliant"
Date : 08/03/2010 @ 8:00AM
Source : MarketWire
Stock : Veramark Technologies, Inc. (VERA)
Quote : 0.65 0.0 (0.00%) @ 7:53AM


Veramark Solution Now Rated "Avaya Compliant"
Veramark Techs (BB) (OTCBB:VERA)
Intraday Stock Chart

Today : Tuesday 3 August 2010
Click Here for more Veramark Techs (BB) Charts.

Veramark Technologies, Inc. (OTCBB: VERA), a leading provider of Telecom Expense Management (TEM) solutions, has announced its VeraSMART® eCAS® Call Accounting software has been rated compliant with the Communication Server 1000 Release 6.0 IP PBX from Avaya®, a global leader in enterprise communications systems, software and services.

VeraSMART eCAS gives organizations visibility into their telecom network and helps them optimize the network, eliminate toll fraud and abuse, improve employee productivity, and reduce telecom costs. VeraSMART eCAS Call Accounting collects call detail records (CDR) from the switch and enables traffic monitoring and analysis, call and system alerts, and robust reporting capabilities. The application now is compliance-tested by Avaya for compatibility with Avaya Communication Server 1000 Release 6.0.

"Since establishing a relationship with Avaya in 1984, Veramark has worked closely with Avaya to produce superior call accounting products with broad appeal and powerful functionality," said Matt Lennarz, Director of Product Management at Veramark. "Ensuring that VeraSMART eCAS Call Accounting is compliant with the Communication Server 1000 is another example of the way we help our customers maximize the value of their investment in Avaya technology."

As a supplier of call accounting software for Avaya solutions since 1984, Veramark has a long history of working with Avaya to create software that meets the needs of Avaya customers. VeraSMART eCAS Call Accounting is part of Veramark's integrated suite of solutions for Telecom Expense Management (TEM), which includes a full spectrum of TEM lifecycle software and services for reducing telecom costs and managing related business processes.

"Long time development partners like Veramark are helping Avaya deliver superior communications capabilities to our customers," said Eric Rossman, Vice President, Developer Relations, Avaya. "By ensuring that their VeraSMART eCAS software is compatible with Communication Server 1000, Veramark is providing new and existing Avaya customers with another option for call accounting with Communication Server 1000."

Veramark is a member of the Avaya DevConnect program -- an initiative to develop, market and sell innovative third-party products that interoperate with Avaya technology and extend the value of a company's investment in its network.

As a Platinum member of the program, Veramark is eligible to submit products for compatibility testing by the Avaya Solution Interoperability and Test Lab. There, a team of Avaya engineers develops a comprehensive test plan for each application to verify whether it is Avaya compliant. Doing so ensures businesses can confidently add best-in-class capabilities to their network without having to replace their existing infrastructure--speeding deployment of new applications and reducing both network complexity and implementation costs.

About Veramark Technologies, Inc.

Veramark is a leading provider of innovative enterprise solutions for call accounting and telecom expense management. Veramark solutions provide visibility into usage and spend and enable best practices for managing complex unified communications networks. Veramark technology and services help enterprises understand, manage, and control their fixed and mobile telecom assets, costs, and related business processes. For more information, visit http://www.veramark.com/.

About Avaya

Avaya is a global leader in enterprise communications systems. The company provides unified communications, contact centers, data solutions and related services directly and through its channel partners to leading businesses and organizations around the world. Enterprises of all sizes depend on Avaya for state-of-the-art communications that improve efficiency, collaboration, customer service and competitiveness. For more information, please visit www.avaya.com. For more information on the Avaya DevConnect program, visit www.avaya.com/devconnect.

Media Inquiries:

Denise Chapman

VP of Marketing

Veramark Technologies, Inc.

585-383-6883

Email Contact

Media Inquiries:

Jonathan Varman

Avaya

908-953-6432

Email Contact

[Investolator]

News: Veramark Posts Profit in First Quarter 2010
Date : 05/12/2010 @ 8:09AM
Source : MarketWire
Stock : Veramark Technologies, Inc. (VERA)
Quote : 0.3 0.0 (0.00%) @ 8:06AM


Veramark Posts Profit in First Quarter 2010

PITTSFORD, NY -- (Marketwire)
05/12/10
Veramark Technologies Inc. (OTCBB: VERA), a leading provider of Telecom Expense Management (TEM) and Business Process Outsourcing (BPO) solutions, today announced a net profit of $67,000, or $0.01 per diluted share, for its first quarter, which ended on March 31, 2010. For the same quarter of 2009, Veramark had reported a net loss of $180,000, or $0.02 per share. Revenues for the quarter ended March 31, 2010 of $2,782,000 increased 10% from revenues of $2,523,000 for the first quarter of 2009.

Tony Mazzullo, Veramark's President and Chief Executive Officer, attributed increased revenues and improved financial performance to new multi-year telecom expense management and BPO service contracts, and expanded services to existing clients.

"Veramark is off to a good start in 2010," said Mazzullo. "Revenues increased by 10% as compared to the same quarter of 2009, primarily due to revenue generated from telecom expense management and BPO services, which jumped 63% in the first quarter of 2010, from the same quarter of 2009. We continue to expand our telecom expense management and business process outsourcing client base, which increases our revenue stream. This is a positive sign that clients see value in the portfolio of services and technology that we have rolled out over the past year. We will continue to focus on executing our strategy to be a leader in telecom expense management as our foundation for a broader IT Financial Management (ITFM) solution."

Tony Mazzullo will host a Veramark teleconference to discuss the 2010 first quarter results on Thursday, May 13, 2010, at 2:00 pm Eastern Time. To access the conference call, dial [phone].

VERAMARK TECHNOLOGIES, INC.

CONDENSED STATEMENT OF OPERATIONS DATA

(Unaudited)

Three Months Ended

March 31

2010 2009

------------- -------------

Sales $ 2,781,729 $ 2,522,679

============= =============

Income (Loss) Before Taxes 66,511 (180,119)

Income Taxes - -

------------- -------------

Net Income (Loss) $ 66,511 $ (180,119)

============= =============

Net Income (Loss) Per Diluted Share $ 0.01 $ (0.02)

============= =============

Diluted Weighted Average

Number of Shares Outstanding 9,847,577 9,784,729

============= =============

About Veramark Technologies, Inc.

Veramark is a leading provider of innovative enterprise solutions for telecom and IT expense and performance management. Veramark solutions provide visibility into operational expenses and generate actionable business intelligence to help organizations reduce spend and optimize business processes. Veramark solutions, which include software and services for Telecom Expense Management (TEM), call accounting, and Business Process Outsourcing (BPO), enable best practices for managing complex unified communications networks on a global scale. For more information, visit www.veramark.com.

Veramark, VeraSMART, and eCAS are registered trademarks of Veramark Technologies, Inc. All other trademarks are the property of their respective owners.

This report may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. A variety of factors could cause actual results to differ from the anticipated results expressed in such forward-looking statements. These may include but are not necessarily limited to changes in general economic conditions in the United States and overseas, technological changes in the telecommunications or computer industries, the timely and successful launch of planned new products, the timely installation and acceptance by end-user customers, and the impact of competition or changes in the marketing strategies of major distributors.

Media Contact:

Tony Mazzullo

President and CEO

Veramark Technologies, Inc.

[phone]

Email Contact

[Investolator]

News:

Veramark Telecom Expense Management Solution Helps Reduce Telecom Costs for Pepco Holdings, Inc.
Date : 04/13/2010 @ 8:00AM
Source : MarketWire
Stock : Veramark Technologies, Inc (VERA)
Quote : 0.45 0.0 (0.00%) @ 8:19AM


Veramark Telecom Expense Management Solution Helps Reduce Telecom Costs for Pepco Holdings, Inc.

PITTSFORD, NY -- (Marketwire)
04/13/10
Pepco Holdings, Inc. has selected Veramark Technologies, Inc. (OTCBB: VERA), a leading provider of Telecom Expense Management (TEM) solutions, to help the East Coast energy company process telecom invoices more efficiently and reduce telecom expenses. The Veramark® solution leverages the TEM provider's VeraSMART® Telecom Expense Management software.

Pepco Holdings, Inc. (PHI), which serves the energy needs of about 1.9 million residential and commercial customers in the mid-Atlantic region, engaged Veramark in 2009 to audit their telecom inventory and expenses and implement an ongoing TEM solution. The audit identified opportunities for telecom savings related to contracts, usage, network optimization, and third-party billing.

"An accurate telecom inventory is essential for the success of any TEM initiative," said Josh Bouk, Veramark's Senior Vice President Global Services. "Our auditors reviewed PHI's telecom bills, contracts, and customer service records to identify every line and circuit they were paying for. We discovered immediate savings opportunities in the process, but the greater value was in establishing an accurate inventory baseline from which we can manage PHI's communications network to minimize cost and maximize performance on an on-going basis."

Every month, Pepco Holdings, Inc. receives 84 telecom invoices that contain hundreds of pages and thousands of line items. Validating all those charges is a daunting business challenge. The Veramark solution allows PHI to receive and process carrier invoices electronically rather than through costly paper-based methods.

"Processing these monster invoices in paper form had become prohibitively expensive and time consuming," said Keven Fitzsimmons, who is responsible for telecom expense reporting at Pepco Holdings, Inc. "Validating each charge was nearly impossible. VeraSMART provides visibility to billing details that lets us process invoices accurately and efficiently. We saw immediate benefits when the system was implemented. For example, we were able to see where we were being slammed, and identify lines that could be eliminated."

VeraSMART is a scalable and fully integrated Web-based application platform that provides centralized data management, workflow automation, and business intelligence for telecom expense management. Pepco Holdings, Inc. is using VeraSMART components for call accounting, invoice management, and charge allocation to provide ongoing management of these TEM processes. Veramark hosts the software at its Tier 4 data center in upstate New York. PHI has complete control over the software and the processes it manages.

"In addition to enabling electronic invoice processing," said Fitzsimmons, "the VeraSMART system helps us keep our telecom inventory up-to-date. Adds and disconnects can be entered directly into the application, allowing us to validate invoices and maintain our inventory with an accuracy that was previously unachievable."

The VeraSMART system also allows Pepco Holdings, Inc. to allocate telecom charges to responsible individuals and cost centers. Charges are exported from VeraSMART and imported into PHI's SAP system.

"We're very happy with the Veramark solution and are exploring possibilities of expanding the system with optional VeraSMART capabilities, which include contract management," Fitzsimmons said.

"We're pleased that our TEM solution has enabled PHI to take control of their telecom environment," said Bouk. "We look forward to supporting their TEM efforts and helping them to achieve even greater savings going forward."

About Pepco Holdings, Inc. (PHI)

Pepco Holdings, Inc. (NYSE: POM) is one of the largest energy delivery companies in the Mid-Atlantic region, serving about 1.9 million customers in Delaware, the District of Columbia, Maryland and New Jersey. PHI subsidiaries Pepco, Delmarva Power and Atlantic City Electric provide regulated electricity service; Delmarva Power also provides natural gas service. PHI provides competitive wholesale generation services through Conectiv Energy and retail energy products and services through Pepco Energy Services.

About Veramark Technologies, Inc.

Veramark is a leading provider of innovative enterprise solutions for telecom and IT expense and performance management. Veramark solutions provide visibility into operational expenses and generate actionable business intelligence to help organizations reduce spend and optimize business processes. Veramark solutions, which include software and services for Telecom Expense Management (TEM), call accounting, and Business Process Outsourcing (BPO), enable best practices for managing complex unified communications networks on a global scale. For more information, visit www.veramark.com.

Veramark, VeraSMART, and eCAS are registered trademarks of Veramark Technologies, Inc. MySMART and VeraSMART Performance Advisor are trademarks of Veramark Technologies, Inc. All other trademarks are the property of their respective owners. This press release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. A variety of factors could cause actual results to differ from the anticipated results expressed in such forward-looking statements. These may include but are not necessarily limited to changes in general economic conditions in the United States and overseas, technological changes in the telecommunications or computer industries, the timely and successful launch of planned new products, the timely installation and acceptance by end-user customers, and the impact of competition or changes in the marketing strategies of major distributors.

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Contact:

Denise Chapman

Director of Marketing

585.383.6883

Email Contact

[Investolator]

The L2 line up for VERA changed today.

[Investolator]

L2 for VERA on 15 March 2010

[Investolator]

L2 for Vera on 9 March 2010

[Investolator]

L2 for VERA on 3 March 2010

[Investolator]

I have been holding VERA for just over 2 years now, down only about 50%. Anyone have any clue as to its future? Hope everyone has a great day.
Seán