SOURCE: TeleCommunication Systems, Inc.

February 26, 2007 07:00 ET

TCS Premieres Expanded Telecom Expense Management Solution

"Audit to Action" Service Offering Enables Reduction and Refocus of Telecommunication Expenses

ANNAPOLIS, MD -- (MARKET WIRE) -- February 26, 2007 -- TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS), a leading provider of mission critical wireless communications, today announced the immediate availability of its expanded "Audit to Action" Telecom Expense Management (TEM) offering. The "Audit to Action" TEM offering is a suite of professional services designed to manage the telecommunication lifecycle for Federal agencies. TCS has been providing telecom expense management services to Federal agencies for over 12 years. The Company has recently been engaged by several leading private-sector companies to apply its proven expertise in wireless telecom management contract work.

By implementing TCS' Telecom Expense Management offering, organizations can avoid unnecessary costs and stretch their budgets for core mission objectives by reducing outlays for inaccurate telecommunications inventories, incorrect billing, and sub-optimal service plans.

TCS' phased implementation of modules promptly delivers customer savings based on cost recovery. From "Audit to Action," TCS Telecom Expense Management services include:

--  Carrier invoice audits to identify overcharges
--  Physical inventory of lines and accounts, and infrastructure audit
--  Examination of usage patterns
--  Association of individual users with numbers, devices, rate plans and
    issuance dates
--  Identification of unused or inappropriately used services for
    disconnection
--  Validation of vendor contract rates and plans that enable best pricing
    
Follow-on analytical and implementation Telecom Expense Management tools provided by the TCS solution include:
--  Automation - Electronic analysis of telecom service charges to ensure
    continued cost savings, visibility and control throughout the
    telecommunications lifecycle
--  Augmentation - On-site staffing to optimize and manage all aspects of
    the telecom lifecycle
    
"TCS has successfully integrated our hands-on knowledge of the telecommunications carriers' processes for provisioning, support and billing of services with 12 years of experience in Federal, state and local government agencies' telecommunications, including enterprise, wireless, remote access, satellite networking and encryption," said Jay Icard, Vice President of Professional Services for TCS' Network Solutions Group. "Our solution provides a comprehensive set of best practices, methodologies and tools that are proven with commercial and federal government clients in providing cost recovery, accountability and management control of our customers' suite of telecommunications services."

ABOUT TELECOMMUNICATION SYSTEMS, INC.

TeleCommunication Systems, Inc. (TCS) 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 www.telecomsys.com.

For more information about Telecommunication Expense Management, visit: http://www1.telecomsys.com/government/TelecomExpMgmt.cfm

This announcement contains forward-looking statements within the meaning of 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 based upon TCS' current expectations and assumptions that are subject to a number of risks and uncertainties that would cause actual results to differ materially from those anticipated.

The actual results realized by the Company could differ materially from the statements made herein, depending in particular upon the risks and uncertainties described in the Company's filings with the Securities and Exchange Commission (SEC). These include without limitation risks and uncertainties relating to the Company's financial results and the ability of the Company to (i) reach and sustain profitability when anticipated, (ii) continue to rely on its customers and other third parties to provide additional products and services that create a demand for its products and services, (iii) conduct its business in foreign countries, (iv) adapt and integrate new technologies into its products, (v) expand its business offerings in the new wireless data industry, (vi) develop software and provide services without any errors or defects, (vii) protect its intellectual property rights, and (viii) implement its sales and marketing strategy.

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:
    TeleCommunication Systems, Inc.
    Rita Thompson
    410-295-1865
    Email Contact

    Welz & Weisel Communications
    Evan Weisel
    703-218-3555
    Email Contact