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Veramark Receives Safe Harbor Certification

Certification Underscores Company's Commitment to Privacy of Customer Data on a Global Scale

ROCHESTER, NY -- (Marketwire) -- 03/22/12 -- Veramark Technologies, Inc. (PINKSHEETS: VERA), a leading provider of Telecom Expense Management (TEM) solutions, announced today that it has obtained Safe Harbor certification from the U.S. Department of Commerce. Safe Harbor certification signifies that Veramark complies with European Union privacy laws with regard to the transfer of personal data.

Veramark was awarded Safe Harbor certification for complying with a strict set of privacy principles defined by the U.S. Department of Commerce in conjunction with the European Union. These principles include giving proper notice to customers when collecting personal data, allowing customer access and the ability to update their own information, maintaining integrity through the proper use of customer information, giving customers the choice to opt out, transferring information to third parties only if they comply with similar privacy standards, and providing adequate security of information and ensuring proper enforcement.

"The privacy and security of customer information is of the highest concern to Veramark," said Tony Mazzullo, President and CEO. "Safe Harbor certification demonstrates our commitment to our customers as we expand our global business."

Veramark TEM solutions include integrated software and services for reducing expenses associated with wireline and wireless infrastructure, services, and related business processes. Veramark offers hosted Software as a Service (SaaS) as well as fully outsourced BPO solutions, in which customer data is housed in Veramark's Tier 4 data center. "Trust is at the heart of all the services we provide," said Mazzullo. "Safe Harbor certification underscores that we are worthy of the trust our customers place in us -- not only to reduce their telecom expenses, but also to safeguard their sensitive business data and intellectual property."

Veramark's privacy policy in regard to Safe Harbor is available on the Veramark website at http://www.veramark.com/privacy-policy/.

About Veramark Technologies, Inc.
Veramark is a leading provider of innovative cost management solutions that help enterprises reduce operational expenses associated with their mobile and fixed communications networks and ensure that these networks are used appropriately. Veramark solutions for telecom expense management, which include call accounting solutions, drive down costs by eliminating waste, identifying billing errors, and optimizing programs for mobile, voice and data communications. Veramark solutions enable enterprises to spend less for the telecom services they need to support their business. 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.

Denise Chapman
Vice President of Marketing
Tel: 585.383.6883
eMail: Email Contact

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