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TMCNet: kajeet Selects Comverse Mobile Instant Messaging Solution

[August 28, 2007]

kajeet Selects Comverse Mobile Instant Messaging Solution

WAKEFIELD, Mass. --(Business Wire)-- Comverse, a subsidiary of Comverse Technology, Inc. and the world's leading supplier of software and systems enabling network-based multimedia enhanced communication and billing services, today announced that kajeet, a new Maryland-based pay-as-you-go cell phone service made for children and their parents, has selected Comverse Mobile IM for mobile instant messaging (IM).


"kajeet is a cell phone service that's all about kids and Mobile IM is a compelling must-have service for our young, technologically savvy users," said Daniel Neal, CEO of kajeet. "Comverse has created a hosted Mobile IM solution that is exactly on our wavelength, providing the fun and engaging experience that our teen and tween customers seek, while providing kajeet with a low setup cost and a quick time to market. Our partnership with Comverse leverages their expertise, and their high level of responsiveness and customer support. They are a strong partner who shares our desire to offer a best-in-class experience for our customers that encourages wide usage."

Comverse Mobile IM gives mobile instant messaging a PC-like IM experience that encourages immediate service adoption and usage. The service enables kajeet users anywhere, anytime to keep in touch with their IM buddies from the convenience of their mobile handsets using AOL's Mobile AIM(R) service.

"Real-time two-way and multi-party chat-like communication is essential for an innovative youth-oriented operator like kajeet," said Ramesh Barasia, President of Comverse Americas. "Much of Comverse Mobile IM's global success stems from its flexibility to quickly meet the exact requirements of a wide variety of operators -- from emerging greenfields to tier-1 giants. Comverse Mobile IM can be implemented as a hosted solution or in-network as part of the Comverse InSight(TM) Open Services Environment, and is a key presence-enabled application that can support and enhance a wide range of differentiating communication and content services."

About kajeet

Founded in 2003, kajeet is the pay-as-you-go cell phone service made from a kid's point of view. With kajeet, kids get a new world of mobile entertainment, customization and communication and parents can feel good about getting a kid a cell phone with affordable rates for calls, texts, picture messaging and more with no long-term contracts, and no activation or termination fees. And, with the exclusive kajeet Configurator, kids and parents can customize the service to meet their family's unique needs. kajeet and kids: use it for talking, use it for texting, use it for sharing, use it for playing ... use it for good(tm).

About the AIM(R) Service

The AIM(R) service (http://www.aim.com) is at the center of one of the largest and most dynamic online and mobile communities. It provides developers with an open and modular platform for development and access to millions of Americans at http://developer.aim.com. The AIM service is where users go to find their friends and manage their social lives through instant messaging, email and mobile texting as well as robust voice and video services.

About Comverse

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

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

This release contains "forward-looking statements" under the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. There can be no assurances that any forward-looking statements will be achieved, and actual results could differ materially from forecasts and estimates. Important factors that could affect the company include: the results of the investigation of the Special Committee, appointed by the Board of Directors on March 14, 2006, of matters relating to the company's stock option grant practices and other accounting matters, including errors in revenue recognition, errors in the recording of deferred tax accounts, expense misclassification, the possible misuse of accounting reserves and the understatement of backlog; the impact of any restatement of financial statements of the company or other actions that may be taken or required as a result of such reviews; 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 alleged defaults under the company's ZYPS indentures, including acceleration of repayment; risks of litigation (including pending securities class actions and derivative lawsuits) and of governmental investigations or proceedings arising out of or related to the company's stock option practices or any other accounting irregularities or any restatement of the financial statements of the company, including the direct and indirect costs of such investigations and restatement; risks related to the effects of Verint Systems Inc's. merger with Witness Systems, Inc., including risks associated with integrating the businesses and employees of Witness; risks associated with integrating the businesses and employees of the Global Software Services division acquired from CSG Systems International, Netcentrex S.A. and Netonomy, Inc.; changes in the demand for the company's products; changes in capital spending among the company's current and prospective customers; the risks associated with the sale of large, complex, high capacity systems and with new product introductions as well as the uncertainty of customer acceptance of these new or enhanced products from either the company or its competition; risks associated with rapidly changing technology and the ability of the company to introduce new products on a timely and cost-effective basis; aggressive competition may force the company to reduce prices; a failure to compensate any decrease in the sale of the company's traditional products with a corresponding increase in sales of new products; risks associated with changes in the competitive or regulatory environment in which the company operates; risks associated with prosecuting or defending allegations or claims of infringement of intellectual property rights; risks associated with significant foreign operations and international sales and investment activities, including fluctuations in foreign currency exchange rates, interest rates, and valuations of public and private equity; the volatility of macroeconomic and industry conditions and the international marketplace; risks associated with the company's ability to retain existing personnel and recruit and retain qualified personnel; and other risks described in filings with the Securities and Exchange Commission.

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