Can We Talk? Verizon and VHT Help Organizations Dial Down Hold Times

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New Voice Callback Solution Improves Customer Experience

Akron, Ohio – May 10, 2012 – Probably nothing is more frustrating to a
caller trying to reach a customer service representative than having to
endure a seemingly endless wait on hold. Now, a new service developed by
Verizon Enterprise Solutions and Virtual Hold TechnologyR (VHTR) can provide
callers with another option: They can skip the wait, hang up and receive a
callback.

The service, Voice Call Back, is available immediately to businesses and
government agencies, and it aims to help organizations with call centers to
achieve often competing objectives of higher customer satisfaction and cost
management. It uses advanced software from VHT and is an enhancement to
Verizon’s cloud-based Hosted Interactive Voice platform in the company’s
Contact Center Services portfolio.

“We know that callers are less inclined to complain about the wait when it’s
on their own terms,” said Mike Palmer, vice president of marketing for
Verizon Enterprise Solutions. “This advancement to our contact center
services platform will help our customers improve service delivery for their
customers to improve their overall customer experience and transform their
business in the process.”

Here’s how the service works: During busy calling times, callers hear a
recording notifying them of the estimated wait time and are given the option
to receive a callback from a representative at a time and phone number they
select. Since customers know when to expect a return call, the service has a
successful reconnection rate of more 90 percent.

The agreement between Verizon and VHT combines Verizon’s network and years
of experience in providing contact center solutions to the enterprise market
with VHT’s feature-rich call-handling software.

The new service is already helping one federal agency that receives nearly 2
million inquiries each month to improve customer response and reduce costs.
Since the service is cloud-based, customers don’t need to make large
up-front capital investments.

VHT’s president and founder Mark Williams said: “Verizon’s well-established
hosted IVR platform is a market-leader today, and we look forward to working
together to deliver our enhanced capabilities to large business and
government customers. Our new agreement with Verizon will enable VHT to
reach new markets and support the growing demand on the call center market.”

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About Virtual Hold Technology (VHT)
VHT offers a simple solution with huge impact, enabling companies to
effectively transition interactions between self-service and the people who
can help the customer regardless of interaction channel – web, mobile app,
social, device or voice. Our multichannel callback solution bridges the gap
simply, cost efficiently and positively from the customer perspective. To
learn how VHT can help increase your customers’ satisfaction and improve
your contact centers’ operational efficiency, visit www.virtualhold.com,
call 877-886-8187 or email [email protected].

About Verizon
Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York,
is a global leader in delivering broadband and other wireless and wireline
communications services to consumer, business, government and wholesale
customers. Verizon Wireless operates America’s most reliable wireless
network, with 93 million retail customers nationwide. Verizon also provides
converged communications, information and entertainment services over
America’s most advanced fiber-optic network, and delivers integrated
business solutions to customers in more than 150 countries, including all of
the Fortune 500. A Dow 30 company with $111 billion in 2011 revenues,
Verizon employs a diverse workforce of nearly 192,000. For more information,
visit www.verizon.com.

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