NMS Communications Announces Closing of Sale of the NMS Communications Platforms Business to Dialogic
December 05 2008 - 4:49PM
Business Wire
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.
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