(OTC:CMVT) Comverse Technology, Inc

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MTS Ukraine Launches Comverses Services to Transform Unanswered Mobile Phone Calls into Revenues

(OTC:CMVT) Comverse Technology, Inc.

Monday January 26, 7:30 am ET

Twenty Million Subscribers May Have Better User Experience

WAKEFIELD, Mass.-One of Ukraine?s largest wireless operators, MTS Ukraine , has successfully deployed Comverse?s Total Call Completion Suite, which maximizes revenues from uncompleted phone calls and improves the subscriber?s overall user experience.

All 20 million MTS Ukraine subscribers now can find out who tried to call them, providing an easy way to return the call. In a similar fashion, another Comverse service can notify MTS subscribers when a previously unreachable person is free to talk on the phone, which eliminates the need for repeat dialing. In both cases, text messaging is used to notify subscribers.

Comverse, the world's leading supplier of software and systems enabling network-based billing and value-added messaging and content services, developed the two services, aptly known as ?Who Called? and ?Notify Me,? because roughly 30 percent of calls go unanswered.

Our chief goal is to provide our subscribers with telecommunication services of the highest quality, as has been the trademark of the MTS Group,? said Vasyl Latsanych, Marketing Director at MTS Ukraine. ?The Call Completion Suite allows us to enhance the user experience by giving our customers a richer array of capabilities and control. The new services are available to all of our subscribers, helping them to keep in touch and designed to ensure that they do not miss a single call.?

The Comverse solutions are complemented by friendly end-user customization capabilities, as well as comprehensive reporting tools that provide strategic information to help operators optimize marketing decisions.

The Total Call Completion Suite is a comprehensive solution whose unified, optimized call flow ensures a coherent user experience that seeks to maximize revenue from all formerly unsuccessful call attempts,? said Dror Bin, President of Comverse Products Group.

About MTS Ukraine

The MTS Ukraine network covers more than 97% of Ukraine territory where 99% of the population live. The company serves more than 20 million subscribers. MTS Ukraine owns licenses for providing mobile (GSM 900/1800, CDMA-450), fixed, toll, and long-distance communication services, and provides international roaming services on five continents.

MTS Ukraine is a wholly owned subsidiary of Mobile Telesystems , the largest mobile operator in Russia and the CIS. Together with its subsidiaries, MTS provides services to more than 87.57 million subscribers. The 82 regions of Russia, as well as Armenia, Belarus, Turkmenistan, Ukraine, and Uzbekistan, where MTS and its subsidiaries are licensed to provide GSM services, have a total population of more than 230 million. The Company?s shares are listed on the New York Stock Exchange since June, 2000. MTS Ukraine Press Contact: Vlad Voitovitch Tel: 8 050 110 3134 vvoitovich@mts.com.ua

About Comverse

Comverse is the world?s leading provider of software and systems enabling network-based messaging and content value-added services, prepaid, postpaid and converged billing, 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. Comverse?s solutions support flexible deployment models, including in-network, hosted and managed services, and can run on circuit-switched, VoIP, IMS and converged network environments. Comverse is a subsidiary of Comverse Technology, Inc. . 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.

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

Contact:

Investor/Business Press: Comverse Technology, Inc. Paul D. Baker, 212-739-1060 paul.baker@cmvt.com or Industry Press: Comverse Steve Eisenberg, 732-652-4712 steve.eisenberg@comverse.com Source: Comverse

Profile for Comverse Technology, Inc.

Comverse Technology, Inc. and its subsidiaries engage in the design, development, manufacture, marketing, and support of software, systems, and related services for multimedia communication and information processing applications. The company operates in three segments: Comverse Network Systems, Service Enabling Signaling Software, and Security and Business Intelligence Recording. Comverse Network Systems segment provides telecommunications software, systems, and related services to telecommunications service providers that enable voice and data value-added enhanced services and billing of communication services. These services comprise call completion and call management solutions; ad... Detailed CMVT Company Description...



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