Shield Program offers SMB and Enterprise Customers the Flexibility
to Lease or Rent Vertical Solutions, Preserve Cash and Upgrade to the
Latest Technology without Financial Penalty
CAMBRIDGE, Mass.--(Business Wire)--
Vertical Communications (VRCC.OB) ("Vertical"), a leading provider
of next-generation, IP-based phone systems and voice applications that
help businesses better serve their customers, announced today the
availability of Vertical Flexible Finance Solutions. In partnership
with TAMCO, a financial services company that focuses exclusively on
acquisition solutions for the telecommunications industry, Vertical
Flexible Finance Solutions offers small to medium-sized businesses
(SMBs) and enterprise customers the option to lease or rent any of
Vertical's telephony solutions, preserve cash, gain tax benefits and
have the ability to painlessly upgrade their telephony system at any
time with the Shield Program(TM).
"The Vertical Flexible Finance Solutions Shield Program is the
perfect complement to our strategy for selling Vertical's Wave IP 2500
as a monthly managed service with an all-in-one price to our
customers," said Michael Finaldi, president of New Jersey-based
Telesolutions. He added, "The program gives our customer's exactly
what they want in terms of value, while at the same time minimizes
their risk. Importantly, it also eliminates the line item discounting
and maximizes my deal size and profitability."
The Shield Program is a right-to-use program similar to a Fair
Market Value (FMV) lease, but is considerably more flexible. If
technology or business needs change, customers can completely replace
their entire system without negative financial consequences. There is
no waiting period, no rollover balance, and no hidden costs for a
company to upgrade their telecommunications system to newer
technology. The Shield Program provides a true "System Replacement
Guarantee."
"Vertical Flexible Finance Solutions provides our business
partners and their customers with the industry's most unique and
flexible financial services offering. This powerful selling tool
provides compelling, cost-effective alternatives to a cash purchase,
and delivers a true competitive advantage to our dealers," said Dick
Anderson, executive vice president and general manager of Vertical
Communications. He added, "With technology and business needs
constantly shifting, the Shield Program is the perfect way to acquire
Vertical products and have peace of mind, knowing that your telecom
system can change as your needs change. When paired with Vertical's
industry-leading Wave IP 2500 system, our partners and their customers
can hit a homerun - technologically, operationally and financially."
"Vertical Flexible Finance Solutions combines Vertical's knowledge
and success in the telecommunications marketplace with TAMCO's history
of providing unique financial solutions," said Paul Metzheiser,
executive vice president of sales and marketing at TAMCO. He added,
"This combination offers a total enterprise solution unmatched in the
telecom arena that addresses Business, Technology, and Finance for
Vertical's customers. Vertical Flexible Finance Solutions offers
several valuable lease options; however, the flagship Shield Program
provides a 'true' System Replacement Guarantee that helps businesses
position themselves for the future."
To learn more about the Vertical Flexible Finance Solutions,
please call Doug Surette at 617-354-0600 or visit Vertical Flexible
Finance Solutions powered by TAMCO at www.tamcocorp.com.
About TAMCO
Founded in 1994, TAMCO is a leading financial services and
marketing company that focuses exclusively on acquisition solutions
for the telecommunications industry. The cornerstone of our value
comes from our ability to understand both technology financing and our
Partner's core business, as our senior management team has a
collective 100+ years in the telecom and technology sector. Our
partners include telecom dealers across North America, national and
regional, along with leading manufacturers of communications
equipment. At TAMCO, we have the industry expertise to provide
customer-focused solutions by developing successful business
approaches to meet the challenges facing our partners and their
customers. TAMCO offers its customers competitive rates, quick
decisions, and the best customer service in the business. That's why
we've become the leading leasing specialist in telecommunications. For
more information, visit www.tamcocorp.com.
About Vertical Communications, Inc.
Vertical Communications is one of the largest telephony vendors in
North America and a global leader in next-generation IP-based business
communications systems and applications, with a current installed base
of over 200,000 customers. Vertical combines voice and data
technologies with business process understanding to deliver integrated
IP-PBX and application solutions that enhance customer service and
business productivity. Vertical's customers are leading companies of
all sizes, from small to large and distributed, and include
CVS/pharmacy(R), Staples and Apria Healthcare. Vertical delivers its
solutions through a worldwide network of over 1800 business partners.
With headquarters in Cambridge, MA, Vertical has facilities in
Charlottesville, VA, Phoenix, AZ, Santa Clara, CA, Sarasota, FL,
Munich, Germany and Hyderabad, India. For more information about
Vertical, please call 877-VERTICAL or visit our Website at
www.vertical.com.
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995.
This document contains forward-looking statements based on current
expectations or beliefs, as well as a number of assumptions about
future events, and these statements are subject to important facts and
uncertainties that could cause actual results to differ materially
from those described in the forward-looking statements. The
forward-looking statements in this document address a variety of
subjects, including, without limitation, statements about the benefits
of certain of the Company's products, including, without limitation,
the improved cost and customer service benefits for the Company's
business partners and customers; the Company's assumptions about the
future performance of the Vertical Flexible Finance Solutions program;
the Company's ability to enhance its revenue opportunities in the
IP-PBX marketplace; the Company's ability to continue providing
products to the IP-PBX marketplace and others. The following factors,
among others, could cause actual results to differ materially from
those described in these forward-looking statements: the risk that the
Company may fail to achieve the anticipated benefits from the Vertical
Flexible Finance Solutions program, including, without limitation,
failing to obtain the desired benefits for the Company's dealers and
customers; the risk that the Company's assumptions about the future
performance of the Vertical Flexible Finance Solutions program may
prove to be incorrect; the risk that the Company may be unable to
become a significant player within the IP-PBX telephony market; and
other risks and assumptions detailed in the Company's filings with the
Securities and Exchange Commission, including the most recent filing
of the Company's Form 10Q.
Trademark Information
Vertical Communications and the Vertical Communications logo and
combinations thereof, Vertical Flexible Finance Solutions are
trademarks and Vertical Networks and Vodavi are registered trademarks
of Vertical Communications, Inc. All other brand and product names are
used for identification only and are the property of their respective
holders.
Vertical Communications, Inc., Cambridge
Ruth Seigel, 480-443-6313
rseigel@vertical.com
Copyright Business Wire 2008
