VeriSign® to Provide Rural Cellular Corporation
with Billing Service for GSM Subscribers
MOUNTAIN VIEW, CA - August 23, 2005 - VeriSign, Inc. (NASDAQ:
VRSN), the leading provider of intelligent infrastructure services for
the Internet and telecommunications networks, today announced that Rural
Cellular Corporation (NASDAQ: RCCC) will use VeriSign’s wireless billing
service for its GSM subscribers. RCC will also continue using the service
for an existing portion of its TDMA customers in the United States.
As part of VeriSign’s Intelligent Communications,
Commerce and Content Services, VeriSign’s billing and customer management
solutions include tools to support each stage of the subscriber cycle
from the point of sale to ongoing customer care. These tools support
standard wireless technologies such as TDMA, CDMA and GSM and provide
functionality for pre-paid, post-paid and many custom billing architectures.
"VeriSign has been an RCC solutions provider
for more than five years. Based upon our experience using VeriSign’s
telecommunications products, we have confidence in the company’s ability
to meet our GSM requirements,” said Richard P. Ekstrand, RCC’s president
& CEO.
“By trusting VeriSign with its GSM
subscriber billing, RCC is validating the value of managed services
that enable carriers to offer feature-rich, subscriber-centric solutions
while helping to limit the inherent costs, complexities and security
challenges,” said Vernon Irvin, executive vice president and general
manager, VeriSign Communications Services.
RCC uses a range of VeriSign solutions, including
VeriSign Prepaid Platform, Service Order Administration, NetDiscovery™,
Directory Assistance Call Completion and America Roaming Network solutions.
About VeriSign
VeriSign, Inc. (NASDAQ: VRSN), operates intelligent infrastructure services
that enable businesses and individuals to find, connect, secure, and
transact across today’s complex, global networks. Additional news and
information about the company is available at www.verisign.com.
Trademarks
VeriSign, and other trademarks, service marks, and logos are registered
or unregistered trademarks of VeriSign, Inc. and its subsidiaries in
the United States and in foreign countries. Copyright © 2005 VeriSign,
Inc. All rights reserved.
Media Contacts
VeriSign Media Relations: Lori Sinsley, lsinsley@verisign.com,
650-426-4716
VeriSign Investor Relations: Tom McCallum, tmccallum@verisign.com,
650-426-3744
Statements in this announcement other than historical
data and information constitute forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934. These statements involve risks
and uncertainties that could cause VeriSign's actual results to differ
materially from those stated or implied by such forward-looking statements.
The potential risks and uncertainties include, among others, the uncertainty
of future revenue and profitability and potential fluctuations in quarterly
operating results due to such factors as the risk that VeriSign's announced
strategic relationships, including the relationship described herein,
may not result in additional products, services, customers, profits
or revenues; and increased competition and pricing pressures. More information
about potential factors that could affect the company's business and
financial results is included in VeriSign's filings with the Securities
and Exchange Commission, including in the company's Annual Report on
Form 10-K for the year ended December 31, 2004 and quarterly reports
on Form 10-Q. VeriSign undertakes no obligation to update any of the
forward-looking statements after the date of this press release.
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