DUBAI, United Arab Emirates - (Business Wire) Averox Inc. (OTCBB:AVOX) announced today that it has further expanded and enhanced its Revenue Assurance solutions as yet another part of its strategy to emphasize IT Services, Systems Integration and OSS software applications for telecom and enterprise customers, and to expand its products and services to respond to customer demand for complete solutions packages.
“We have been offering Revenue Assurance (RA) services to our customers for several years. Revenue leakage is often considered a hidden and uncontrolled cost of doing business in the telecom industry. Industry studies estimate that revenue losses from revenue leakage may be as high as 20% of total revenues, so a good revenue assurance program can return its original cost in just a few months, ”said Averox President and CEO Mr. Salman Mahmood.
“In addition to fraud, reasons for revenue loss can include network provisioning, mediation and call data records errors, billing and interconnect inconsistencies, loss of data and corrupted files, fragmented support systems, incoherent databases, and manual or ill defined business processes,” he continued.
“In the context of Revenue Assurance - the main questions for any business are how much leakage is acceptable and how to improve the operations and systems that will minimize those leakages. Revenue Assurance is an on-going focus for companies in the fixed and mobile Telecommunications sector. It is rooted in the Telephony world as a set of techniques and methodologies to identify and fix revenue leakages and/or prevent or detect errors resulting in unbilled or uncollected revenues for the telecom operator. We have been continuing to enhance and refine our RA systems and are pleased that we have a suite of leading solutions which are part our wide portfolio of OSS products that we offer to customers to solve these problems,” he added.
About Averox Inc. (www.averox.com) Averox Inc. (OTCBB:AVOX) is a publicly held independent provider of solutions and services in the domains of Telecommunication Engineering, Telecommunication OSS and BSS and Information Technology. Averox services include offshore product development, application management, project management, program management, telecommunications network deployment, management, optimization and maintenance for small, medium and large enterprises. Averox Inc. has two principal subsidiaries Averox Private Limited and Averox FZ-LLC.
This news release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on Averox management's current expectations and are subject to risks and uncertainties and changes in circumstances. All forward-looking statements included in this press release are based upon information available to Averox as of the date of the press release, and it assumes no obligation to update or alter its forward-looking statements whether as a result of new information, future events or otherwise. Further information on risks or other factors that could affect Averox' results of operations are detailed in the filings of Averox with the SEC.
Averox Inc.
Graham Hill, SVP Sales and Marketing, +44-7919-486-972
graham.hill@averox.com
or
Self & Associates
Trudy M. Self, 909-336-5685
Tmself@aol.com
