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Comverse Spearheads Drive for New OMA Industry Standard for Off-Deck Ringback Tone Market

New Standard Has Broad Applicability to Content Services

Comverse, the world's leading supplier of software and systems enabling network-based multimedia enhanced communication and billing services, today announced that the Open Mobile Alliance (OMA) has approved and begun work on a key standardization initiative, proposed by Comverse, to create a well-defined application programming interface (API) between operators and content providers. Supported and promoted by a number of leading operators and vendors, the initiative can help open the ringback tone environment to off-deck content providers, a capability pioneered by Comverse through its Fun BrokerTM platform. The new OMA specification will offer even greater significance in its applicability to a broad spectrum of third-party content-related services, such as mobile advertising.

Comverse's Fun DialTM ringback tone service enables users to personalize network tones (ringing, busy signals) with music and content to entertain callers before the call is answered. Taking the service an important step further, Comverse Fun Broker broke new ground by opening the ringback tone service arena to leading content players, which can generate substantial new ringback tone traffic and revenues by increasing user awareness, convenience and choice. Comverses OMA initiative for a standardized API between operators and content providers is intended to ensure industry-wide benefits through universal interoperability.

Developing a new standard is an important step that will benefit end users with easy access to a broad variety of content for ringback tones and other services, by enabling third-party content providers to connect easily to the operators systems, said OMA Board of Directors Chairman Fred Harrison. OMAs goal as the central group representing mobile operators, vendors, content providers and other key industry players is to advance the mobile industry. By removing barriers to interoperability, we help to create a seamless and consistent mobile experience for users and a market environment that encourages competition through innovation and differentiation. Open standards bring benefits, including economy-of-scale, to all parties in the value chain.

Comverse brings extensive experience and market leadership to standards definition. As an industry leader and shaper for the better part of three decades, Comverse has long used its prominent position in the standards bodies to consistently champion an open ecosystem that removes barriers to service usage, adoption and enjoyment, said John Bunyan, Chief Marketing Officer. With content accounting for a growing percentage of service provider revenues, Comverses role in initiating and promoting adoption of this new OMA standard underscores our global leadership in Value-Added Services such as ringback tones and mobile advertising, which drive ARPU and create profitable new opportunities for all parties.

About Comverse

Comverse is the worlds leading provider of software and systems enabling network-based messaging and content value-added services, prepaid, postpaid and converged billing, mobile advertising and IP communications. Comverse solutions generate revenues, strengthen customer loyalty and improve operational efficiency for over 500 communication service providers in more than 130 countries. The company's product portfolio facilitates personalized lifestyles in an evolving connected world and is based on the InSight Open Services Environment. Comverses solutions support flexible deployment models, including in-network, hosted and managed services, and can run on circuit-switched, VoIP, IMS and converged network environments. Comverse is a subsidiary of Comverse Technology, Inc. (CMVT.PK). For more information, visit www.comverse.com.

All product and company names mentioned herein may be registered trademarks or trademarks of Comverse or the respective referenced company(s).

This Current Report on Form 8-K contains forward-looking statements under the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. There can be no assurances that any forward-looking statements will be achieved, and actual results could differ materially from forecasts and estimates. Important factors that could affect the Company include: the results of the investigation of the Special Committee of the Board of Directors concluded on January 28, 2008, of matters relating to the Companys stock option grant practices and other accounting matters; the impact of any restatement of financial statements of the Company or other actions that may be taken or required as a result of such investigation or as result of the Companys evaluation of the application of GAAP in connection with the recognition of revenue; the Companys inability to file reports with the Securities and Exchange Commission; the effects of the delisting of the Companys Common Stock from NASDAQ and the quotation of the Companys Common Stock in the Pink Sheets, including any adverse effects relating to the trading of the stock due to, among other things, the absence of market makers; risks relating to the Companys ability to relist its Common Stock on NASDAQ; risks relating to alleged defaults under the Companys ZYPS indentures, including acceleration of repayment; risks of litigation (including the pending securities class action and derivative lawsuits and any potential civil injunctive action by the Securities and Exchange Commission) and of governmental investigations or proceedings arising out of or related to the Companys stock option practices or any other accounting irregularities or any restatement of the financial statements of the Company, including the direct and indirect costs of such investigations and restatement; changes in the demand for the Companys products; changes in capital spending among the Companys current and prospective customers; the risks associated with the sale of large, complex, high capacity systems and with new product introductions as well as the uncertainty of customer acceptance of these new or enhanced products from either the Company or its competition; risks associated with rapidly changing technology and the ability of the Company to introduce new products on a timely and cost-effective basis; aggressive competition may force the Company to reduce prices; a failure to compensate any decrease in the sale of the Companys traditional products with a corresponding increase in sales of new products; risks associated with changes in the competitive or regulatory environment in which the Company operates; risks associated with prosecuting or defending allegations or claims of infringement of intellectual property rights; risks associated with significant foreign operations and international sales and investment activities, including fluctuations in foreign currency exchange rates, investments in auction rate securities, interest rates, and valuations of public and private equity; the volatility of macroeconomic and industry conditions and the international marketplace; the risk of declines in information technology spending; risks associated with the Companys ability to retain existing personnel and recruit and retain qualified personnel. The Company undertakes no commitment to update or revise forward-looking statements except as required by law.

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