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Veramark Technologies' President and CEO Featured on FEI TV

Channel for Financial Executives Highlights the Benefits of Telecom Expense Management Solutions

PITTSFORD, NY -- (Marketwire) -- 07/28/09 -- Veramark Technologies, Inc. (OTCBB: VERA), a leading provider of Telecom Expense Management (TEM) solutions, today announced that CEO and President Tony Mazzullo has been featured in a recent edition of FEI.TV. Produced by the Financial Executives International (FEI) organization, in this episode of FEI TV Mazzullo discusses how companies can improve their bottom lines by reducing telecom and IT expenses without cutting services. The FEI.TV episode is now available online at http://fei.mashnetworks.com/player.aspx?clip=0101071029&type=text&q=tony%20mazzullo.

FEI taped the episode at its recent annual conference, held in May 2009, where Mazzullo discussed the same topic -- cutting telecom and IT expenses without sacrificing service -- with attendees. Key points in both the television episode and in the original speech include:

--  On average, organizations waste between five and fifteen percent of
    the annual telecommunications spend unnecessarily
--  Telecom Expense Management and IT Expense Management programs can help
    to optimize the expenditures and cut unnecessary spending without
    sacrificing services
--  Many telecom expense management programs have approximately a 90-day
    payback period

"Billing errors or inconsistencies, network inefficiencies, as well as a host of other factors can negatively impact the telecom or IT spend within organizations," said Mazzullo. "Veramark is committed to educating companies about these issues and showing them how to correct them with a proactive telecom expense management solution. That's why I find it so critical to participate in industry forums and opportunities like this one with FEI.TV -- to spread the message that so many businesses are paying more than what's necessary, and that we've got a way to help solve that problem."

FEI TV is the Internet Television Network of Financial Executives International. It provides best practices, case studies and corporate financial management research to more than 25,000 CFOs, treasurers, controllers and senior financial executives.

About Veramark Technologies, Inc.

Veramark is a leading provider of scalable, integrated enterprise solutions for telecom and IT expense and performance management. Veramark solutions provide visibility into operational expenses and generate actionable business intelligence to help organizations reduce spend and optimize business processes. Veramark solutions, which include software and services for Telecom Expense Management (TEM) and Business Process Outsourcing (BPO), enable best practices for managing complex unified communications networks on a global scale. For more information, visit www.veramark.com.

Veramark and VeraSMART are registered trademarks of Veramark Technologies, Inc. MySMART and VeraSMART Performance Advisor are trademarks of Veramark Technologies, Inc. All other trademarks are the property of their respective owners. This press release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. A variety of factors could cause actual results to differ from the anticipated results expressed in such forward-looking statements. These may include but are not necessarily limited to changes in general economic conditions in the United States and overseas, technological changes in the telecommunications or computer industries, the timely and successful launch of planned new products, the timely installation and acceptance by end-user customers, and the impact of competition or changes in the marketing strategies of major distributors.

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