Letter from the CEO
As most of you know, I have reassumed the role of CEO at Verso Technologies and am excited about the opportunities we have available here at Verso. In addition, one of our board members, Mark Dunaway, has accepted the position of President and Chief Operating Officer, replacing Monty Bannerman. Mark has the operating capabilities and experience that we need to run our day to day sales. He has over three decades experience in growing and leading telecommunications and industrial companies and has served on the Verso board since 2005. Most of his career has been in the telecommunications sector including 25 years in the wireless sector.
There are some important and exciting changes taking place at Verso right now. First, I am excited that we have the Mark Dunaway on board as President/COO, and as Chairman and CEO, Mark and I are working side by side to grow this company. The great thing about that task is that our industry is experiencing strong growth, so our job is to participate in that growth to the greatest extent possible. Both Mark and I live here in Atlanta, and both of us can be found in the office early and staying late. We are committed to making this a profitable, successful, and exciting place to work. We’re going to get there by setting and accomplishing short term and long term goals. In the short term, we have streamlined our business lines and are building a solid, profitable core base of revenue. We are strengthening our relationships with our existing customers and are learning what their needs are in order to leverage new business opportunities through these channels. We are providing resources for product roadmaps and are building a solid operational and financial infrastructure and support base, giving us the ability to support our long term strategy and future growth initiatives.
Finally, we have put in place a finance team that has organized our capital needs in a comprehensive financial plan. This plan incorporates our company’s projected needs for everything, including R&D, product marketing, working and operating capital, and will be executed such that we have the funds we need, when we need them, to execute on the business opportunities that exist for us across all our business units. Our sales teams can now go out into the marketplace with confidence that we will meet the objectives of their customers and that our financial position is strong, and that we will be more than capable of delivering on their needs. The bottom line is we will deliver what we say we will deliver, not only to our customers, but to our employees and shareholders.
Our long term strategy is to become the best in breed provider of end to end next generation IP based communications solutions to targeted service providers worldwide. We want to be the best in the delivery of bundled solutions which include softswitching technology, access technology, end point or integrated access devices, bandwidth and QoS optimization, management and provisioning solutions and services, as well as the associated next generation software applications, In addition, we want to provide products and solutions that will help our OEM customers become best in breed for delivery of their solutions to their customers.
I want to thank each and every one of our partners for your continued support of Verso and our products. If you have any questions or need additional clarification, please contact either Mark or myself directly via phone or email.
Sincerely,
Steve Odom, Chairman and CEO
