Article: Verso to record legacy VAR business as discontinued operations.

Business Editors

ATLANTA--(BUSINESS WIRE)--Feb. 12, 2002

Company to meet or exceed previous guidance on revenues and

break-even EBITDA, even with losses on discontinued operations

Verso Technologies, Inc. (Nasdaq NMS: VRSO), an integrated switching solutions company that is adapting the cost savings of IP networks to the unique requirements of voice, today announced that during the fourth quarter of 2001, the company decided to discontinue investment in its legacy value-added reseller (VAR) business and associated consulting practice.

As a result, the company will account for these operations as discontinued operations ...

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