Fort Worth, TX, July 05, 2006 – Vertical Computer Systems, Inc. (VCSY) announced today its Brazilian subsidiary, Vertical do Brasil Sistemas de Computação (“Vertical Brazil”), has entered into a distribution agreement with Evoluir Tecnologia e Sistemas ("Sisfinance”) for the territory of Brazil. Pursuant to the terms of the agreement, Sisfinance will market or distribute all products offered by VCSY including emPath, SiteFlash (and its underlying products), ImmuneApp and StatePointPlus in Brazil.
“We are thrilled that our Brazilian subsidiary has expanded our distribution reach with this agreement,” stated Luiz Valdetaro, VCSY’s Chief Technology Officer. “Sisfinance will give our products a foothold in Brazil, particularly in the financial sector.”
Jorge Alex Branco Torres, Managing Partner of Sisfinance commented: “We are extremely excited to be working with this broad product offering from VCSY and its subsidiaries. We feel the Brazilian market provides a very good opportunity for these software solutions, particularly because they have great synergy with our products and our business strategy.”
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement.
Vertical Computer Systems, Inc. (OTCBB: VCSY) is a provider of administrative software, Internet core technologies, and derivative software application products through its distribution network. VCSY's main administrative software product is emPath(r), which is developed and distributed by NOW Solutions, Inc., the Company's wholly-owned subsidiary. VCSY's primary Internet core technologies include SiteFlash, ResponseFlash, NewsFlash, and the Emily XML Scripting Language, which can be used to build web services. Information on Vertical and its products can be obtained on the World Wide Web at www.vcsy.com.
NOW Solutions, Inc., a wholly owned subsidiary of Vertical Computer Systems, Inc., is a Human Resources Management System (HRMS) software and business solutions provider. A pioneer in HRMS solutions, NOW Solutions provides the capabilities companies need to manage their ever-changing workplace in the face of today's complex requirements through its main product, emPath(r), which consists of a fully secure web based HRMS suite. Recruiting, position control, benefits, absence and attendance tracking, employee reviews, career planning, payroll, employee/manager self-service and a powerful full featured workflow engine to reduce or eliminate paper, are among the many features of emPath(r). NOW Solutions is a respected business partner serving customers throughout the United States and Canada. NOW Solutions' presence can be found in industries including education, for-profit services, healthcare, high technology and communications, insurance, manufacturing, natural resources, not-for-profit, public sector, retail, transportation, and utilities. NOW Solutions has offices in Fort Worth, Toronto and Brazil to serve its customers. Information on NOW Solutions and its products can be obtained on the World Wide Web at www.nowsolutions.com.
Evoluir Tecnologia e Sistemas (Sisfinance) is a Brazilian company specializing in software sales and software development for financial institutions. Sisfinance has been in business since 2000 and services over 40 companies. The executive team has an average of 20 years experience developing and marketing software to financial institutions. The company’s website may be found at www.sisfinance.com.br.
Vertical Computer Systems, Inc.
NOW Solutions, Inc.
(817) 335-7667 fax
Vertical do Brasil Sistemas de Computação
Rua Farme de Amoedo, 56/608
Rio de Janeiro - RJ
Evoluir Tecnologia e Sistemas (Sisfinance)
SOURCE: VERTICAL COMPUTER SYSTEMS, INC.