Vertel Completes Financing; Funding Will Support Sales and Marketing Efforts While Cost Reductions Reduce Cash Consumption

1/9/2002 - Vertel Corporation (Nasdaq:VRTL), a leading provider of middleware for telecommunications networks, today announced the completion of the sale of a $3.5 million three-year 6% convertible promissory note together with a five-year warrant. The funding agreement was previously announced on September 18, 2001.

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