Nms Communications (NASDAQ:NMSS)
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NMS Communications Corporation (NASDAQ: NMSS) today announced the
closing of its previously announced sale of the NMS Communications
Platforms business to Dialogic Corporation. The closing took place
pursuant to the terms and conditions of the definitive agreement among
the parties.
In conjunction with the sale of the NMS Communications Platforms
business, NMS Communications changed its corporate name to LiveWire
Mobile, Inc. In addition, the Company’s NASDAQ Global Market ticker
symbol changed to LVWR from NMSS and we expect to begin trading under
LVWR on December 8, 2008.
As previously announced, Joel Hughes replaces Bob Schechter as CEO and
Todd Donahue replaces Herb Shumway as CFO, effective immediately.
Joel Hughes, CEO of LiveWire Mobile said, “We are pleased to announce
the completion of the sale of the NMS Communications Platforms business
to Dialogic and believe this is the best way to drive long-term value
for our shareholders. With the proceeds from the sale, we believe we
have the resources and focus to execute on LiveWire Mobile’s strategy
and position the company for long-term growth and profitability.”
About LiveWire Mobile, Inc.
LiveWire Mobile, Inc. is a leading provider of managed personalization
services for mobile operators. Our integrated suite of music and video
services includes ringback tones, ringtones and full track downloads, as
well as dedicated content and service marketing. LiveWire Mobile makes
mobile personalization services easier to use and helps operators drive
service usage and adoption. For more information, please visit www.livewiremobile.com.
About Dialogic Corporation
Dialogic Corporation is a leading provider of open systems platforms to
both the Enterprise and Service Provider markets. The platforms enable
converged communications, allowing service providers, developers and
system integrators to deliver services, content and applications using
multimedia processing and signaling technologies.
Headquartered in Montreal, Canada, Dialogic and its subsidiaries have
over twenty offices worldwide, providing local presence, knowledge and
support to serve its customers around the globe. Dialogic’s research and
development centers are located in Parsippany, New Jersey; Buffalo, New
York; Needham, Massachusetts; Hyannis, Massachusetts; Salem, New
Hampshire; London, England; Dublin, Ireland; and Stuttgart, Germany as
well as Montreal.
LiveWire Mobile is a trademark of LiveWire Mobile, Inc. Dialogic is a
registered trademark of Dialogic Corporation. All other brand or product
names may be trademarks or registered trademarks of their respective
holders.
This Press Release contains “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995,
including forward-looking statements about the sale of the NMS
Communications Platforms business to Dialogic Corporation, expected
future financial and operating performance, demand for and performance
of our products and growth opportunities and the change of the NASDAQ
Global Market ticker symbol. These statements are based on management’s
expectations as of the date of this document and are subject to
uncertainty and changes in circumstances. Actual results may differ
materially from these expectations due to risks and uncertainties
including, but not limited to, uncertainty in communications spending,
the implementation of our strategy to focus exclusively on the LiveWire
Mobile business, the implementation of LiveWire Mobile’s strategic
repositioning and market acceptance of its managed services strategy,
quarterly fluctuations in financial results, LiveWire Mobile’s ability
to exploit fully the value of its technology and its strategic
partnerships and alliances, and other risks. These and other risks are
detailed from time to time in our filings with the SEC, including our
annual report on Form 10-K for the year ended December 31, 2007. In
addition, while management may elect to update forward-looking
statements at some point in the future, management specifically
disclaims any obligation to do so, even if its estimates change. Any
reference to our website in this press release is not intended to
incorporate the contents thereof into this press release or any other
public announcement.