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Comverse Technology, Inc. Adds Two Independent Directors: Augustus K. Oliver and A. Alex Porter Join Board.

Publication: Business Wire
Publication Date: 22-MAY-07 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
NEW YORK -- Comverse Technology, Inc. (Pink Sheets: CMVT.PK), announced today that it has added two independent directors to its Board, Augustus K. Oliver and A. Alex Porter. In conjunction with the election of Messrs. Oliver and Porter to the Board, Oliver Press Partners, LLC has agreed with the Company to terminate its solicitation for a special meeting of shareholders.

Augustus K. Oliver is founder and managing member of Oliver Press Partners LLC, investment manager for Davenport Partners, L.P., and related entities. He serves on the Boards of Scholastic Corporation, several private companies, and Lincoln Center Theatre of New York City.

"Comverse Technology is an outstanding company with excellent opportunities ahead," said Gus Oliver. "I am pleased to join the Board as a representative of a significant holder in Comverse, and I look forward to working with the Board."

A. Alex Porter is a founder and principal of investment management...

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