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Veramark Receives 2007 Product of the Year Award from Communications Solutions

VeraSMART Recognized for its Outstanding Innovation and Cost Saving Value

Veramark Technologies, Inc. (OTCBB: VERA), a leading provider of communications management software and services, today announced that the company's latest generation of its flagship software solution, VeraSMART Communications Management Suite, has received a 2007 Product of the Year Award from Technology Marketing Corporation’s (TMC) Communications Solutions. (www.tmcnet.com/comsol)

Veramark’s VeraSMART solution enables organizations to gain control over their telecommunication spend across all of the telecom expense management processes including: inventory audit and optimization, procurement and order provisioning, invoice processing and auditing, invoice payment, wireless management, asset and inventory management and call accounting. VeraSMART helps organizations drive telecom expense reduction and cost avoidance, resulting in an increase in bottom line performance.

“This award illustrates the value our technology brings to businesses that need a powerful communications management solution,” said Tony Mazzullo, President and CEO of Veramark. “The costs associated with the rapid expansion of communications technology, data services, and wireless networks represent a significant top-line expense for organizations across all industries. The VeraSMART Suite provides the visibility and control businesses need to make sound strategic decisions, optimize business processes, and reduce expenses,” Mazzullo explained. “We’re committed to further advance the development of new products that help our customers realize savings and improve communications efficiencies. We’re grateful to our partners and the media—specifically TMC—for this recognition that VeraSMART has received.”

“Veramark has been recognized with a 2007 Product of the Year Award for their excellence in the advancement of voice, data and/or video communications,” said Rich Tehrani, TMC President and Group Editor-in-Chief of Communications Solutions.“Veramark has proven they are committed to quality and excellence in solutions that benefit the customer experience as well as ROI for the companies that use them. I am pleased to honor their hard work and accomplishments and look forward to more innovative solutions from them in the future.”

The eighth annual Communications Solutions Product of the Year Award recognizes the vision, leadership and attention to detail that are the hallmarks of the prestigious award. The most innovative products and services brought to market in 2007 were selected as recipients of this year’s Communications Solutions Product of the Year Award for their groundbreaking achievement.

About Veramark Technologies, Inc.

Veramark is a leading provider of communications management solutions that help organizations gain visibility into their communications networks and reduce expenses associated with their voice, data, and wireless services and infrastructure. Our solutions, which include software and services for Telecom Expense Management (TEM), provide business intelligence for managing complex unified communications networks on a global scale. Delivering innovative solutions to small, mid-size, and enterprise organizations, Veramark’s products are sold directly and through leveraged distribution channels. Veramark solutions are used by thousands of well-respected companies, including Comcast Corporation, HJ Heinz, Hearst Communications, FEMA, US Department of Homeland Security, the University of California San Francisco Medical Center, and other leading organizations. For more information, visit www.veramark.com.

About TMC

Technology Marketing Corporation (TMC) is an integrated global media company helping clients build communities in print, in-person and online. TMC publishes Customer Interaction Solutions, INTERNET TELEPHONY, Unified Communications, and IMS Magazine. TMC is also the first publisher to test new products in its own on-site laboratories, TMC Labs. TMCnet, TMC's Web site, is the leading source of news and articles for the communications and technology industries. TMCnet is read by nearly one million US visitors according to Quantcast and by over three million unique visitors each month worldwide, according to Webtrends. In addition, TMC produces INTERNET TELEPHONY Conference & EXPO, Call Center 2.0 Conference and Communications Developer Conference. For more information about TMC, visit www.tmcnet.com.

Veramark and VeraSMART are registered trademarks of Veramark Technologies, Inc. All other trademarks are the property of their respective owners.

This report 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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