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Cambridge, Mass.
(January 11, 2005) --Artisoft, Inc. (ASFTE.OB), a
leading provider of next-generation, IP-based phone
systems for small, large and distributed businesses,
announced today that the company has changed its name
to Vertical Communications, Inc. The adjustment
reflects the company's strategic vision to meet the
demands of the growing business communications market.
In connection with this name change, the company has
changed its website to www.vertical.com.
"The new name more accurately represents the Company's
focus on providing next-generation communications
systems to businesses across several vertical markets,
and will also enable the company to leverage its
brand-building investments," said Vertical's chairman
and CEO, William Y. Tauscher.
Artisoft is a leader in IP-PBX software and systems
for small businesses. Vertical Networks, which
Artisoft acquired in September of 2004, is a provider
of IP-PBX systems for large, distributed enterprises.
The Artisoft acquisition of Vertical Networks has
brought together two IP-PBX companies, with
established product offerings and a significant base
of installed customers, under one roof. The new name
more accurately represents Vertical's next-generation,
IP-based phone system offerings and will also enable
the company to leverage its brand-building
investments.
About Vertical
Vertical Communications, Inc. is a leading provider of
next-generation IP-based voice and data communications
systems for business. 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, Household
International, and Apria Healthcare. Vertical is
headquartered in Cambridge, Massachusetts and delivers
its solutions through a worldwide network of systems
integrators, resellers and distributors. Visit http://www.vertical.com
for more information.
"Safe Harbor" Statement under the Private Securities
Litigation Reform Act of 1995. Statements regarding
the growth of the communications market, the execution
of our current business strategy, the potential
benefits of our name change and our ability to
leverage our brand-building investments, our ability
to provide products and services that enhance customer
service and business productivity, the benefits of our
September 2004 acquisition of the business assets of
Vertical Networks, Inc., as well as other statements
that are not historical facts are "forward-looking
statements." These forward-looking statements rely on
a number of assumptions concerning future events and
are subject to a number of risks and uncertainties
that could cause actual results to differ from those
contained in the forward-looking statements. These
include, but are not limited to, uncertainties
surrounding whether the communications market will
grow in the future; whether our name change will be
perceived positively by our customers and investors;
whether we will be able to successfully execute our
business strategies; whether we will be able to
successfully integrate our historic business
operations with those of the recently acquired
Vertical Networks, Inc.; whether our customers will
perceive our products and services as valuable and
beneficial; volatility in our stock price as a result
of the matters discussed above; the volatility of
semiconductor industry cycles; our ability to achieve
forecasted revenues and maintain and improve gross
margins, to reduce operating expenses, and to manage
cash flows (and the timing and degree of any such
improvements in gross margins, reductions in operating
expenses and management of cash flows); failure to
integrate in an efficient and timely manner acquired
companies; failure to retain and attract key
employees; and other factors more fully detailed in
the company's annual report on Form 10-K for the year
ended June 30, 2004. Vertical Communications and the
Vertical Communications logo and combinations thereof
are trademarks of Vertical Communications, Inc. All
other brand and product names are used for
identification only and are the property of their
respective holders.
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