SOURCE: Verilink Corporation

December 05, 2005 07:00 ET

Verilink Announces Results of Annual Stockholders Meeting

CENTENNIAL, CO -- (MARKET WIRE) -- December 5, 2005 -- Verilink Corporation (NASDAQ: VRLK), a leading provider of broadband access solutions, today announced the results of the Company's Annual Stockholders Meeting held November 30, 2005.

The stockholders re-elected Leigh S. Belden and Steven C. Taylor as directors, with 96% of the total votes cast voting "For" the proposal. The stockholders also: (1) ratified the selection of Ehrhardt Keefe Steiner & Hottman PC as the Company's independent registered public accounting firm for the fiscal year ending June 30, 2006, with 97% of the votes cast voting "For" the proposal; (2) approved an amendment to the Company's Amended and Restated Certificate of Incorporation to increase the authorized number of shares of common stock from 40,000,000 to 60,000,000 shares, with 74% of the outstanding shares voting "For" the proposal; and (3) approved the potential issuance of shares of common stock pursuant to the terms of convertible notes and warrants issued and issuable in connection with the March 2005 private financing, with 74% of the total votes cast voting "For" the proposal.

About Verilink Corporation

Verilink Corporation (NASDAQ: VRLK) is a leading provider of next-generation broadband access solutions for today's and tomorrow's networks. The company develops, manufactures and markets a broad suite of products that enable carriers (ILECs, CLECs, IXCs, and IOCs) and enterprises to build converged access networks to deliver cost-effective next-generation communications services to their end customers. The company's products include a complete line of VoIP, VoATM, VoDSL and TDM-based integrated access devices (IADs), optical access products, wireless access devices, and bandwidth aggregation solutions including CSU/DSUs, multiplexers and DACS. The company also provides turnkey professional services to help carriers plan, manage and accelerate the deployment of new services. Verilink is headquartered in Centennial, CO (metro Denver area) with operations in Madison, AL and Newark, CA and sales offices in the U.S. and Europe. To learn more about Verilink, visit the company's website at http://www.verilink.com.

Verilink and the Verilink logo are registered trademarks of Verilink Corporation. All other trademarks or registered trademarks are the property of the respective owners.

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