SOURCE: TeleCommunication Systems, Inc.

November 01, 2007 12:25 ET

TeleCommunication Systems Appoints Timothy Lorello as Head of Commercial Sales

ANNAPOLIS, MD--(Marketwire - November 1, 2007) - TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS), a global leader in mission-critical wireless communications, today announced that Timothy Lorello will lead commercial sales in addition to serving in his current role as Senior Vice President and Chief Marketing Officer of TCS. In this new role, Mr. Lorello will oversee the firm's sale of messaging, location and emergency 9-1-1 portfolio of products and services to operators around the world. He will also oversee strategic partnerships and distribution channels for these same products and services.

When Mr. Lorello joined the company more than 12 years ago, he was tasked with the creation of TCS' commercial division. Originally responsible for the development, marketing and sales of TCS' messaging product and services portfolio, he led the newly established Network Intelligence Division and built the current base of commercial customers that continue to drive high-value revenue for TCS. By combining the sales and marketing functions under one position, TCS will maximize the value of lead generation and provide greater support for direct and channel sales.

"Selling solutions to our customers that will enhance their bottom lines and build customer loyalty has become more and more important in today's competitive environment," said Maurice B. Tosé, Chairman, President and Chief Executive Officer of TCS. "Tim has played a significant role in the development of our product and services portfolio and is ideally suited to lead commercial sales. His knowledge of the telecom market will be invaluable to help operators drive additional revenue-producing traffic through their networks and create new revenue streams for TCS."

About TeleCommunication Systems, Inc.

TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS) produces wireless data communications technology solutions that require proven high levels of reliability. TCS provides wireless and VoIP E9-1-1 network-based services, secure deployable communication systems and engineered satellite-based services, and commercial location applications, like traffic and navigation, using the precise location of a wireless device. Customers include leading wireless and VoIP carriers around the world, and agencies of the U.S. Departments of Defense, State, and Homeland Security. For more information, visit http://www.telecomsys.com.

Except for the historical information contained herein, this news release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. These statements are subject to risks and uncertainties and are based upon TCS' current expectations and assumptions that if incorrect would cause actual results to differ materially from those anticipated. Risks include without limitation those risk factors detailed from time to time in the Company's SEC reports, including the reports on Forms 10-K for the year ended December 31, 2006, and 10-Q for the quarter ended June 30, 2007.

Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to update or revise the information in this press release, whether as a result of new information, future events or circumstances, or otherwise.

Contact Information

  • Media Contacts:
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    Jane Bryant
    703-218-3555
    jane@w2comm.com