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                                                                    EXHIBIT 99.1

                        SAFE HARBOR COMPLIANCE STATEMENT
                         FOR FORWARD-LOOKING STATEMENTS

         In passing the Private Securities Litigation Reform Act of 1995, or the
Reform Act, Congress encouraged public companies to make "forward-looking
statements" by creating a safe harbor to protect them from securities law
liability in connection with these statements. We intend to qualify both our
written and oral forward-looking statements for protection under the Reform Act
and any other similar safe harbor provisions.

         Generally, forward-looking statements include expressed expectations of
future events and the assumptions on which these expectations are based. All
forward-looking statements are inherently uncertain as they are based on
expectations and assumptions concerning future events, and they are subject to
numerous known and unknown risks and uncertainties that could cause actual
events or results to differ materially from those projected. Due to those
uncertainties and risks, the investment community is urged not to place undue
reliance on our written or oral forward-looking statements. We do not undertake
any obligation to update or revise this Safe Harbor Compliance Statement for
Forward-Looking Statements to reflect future developments. In addition, we do
not undertake any obligation to update or revise forward-looking statements to
reflect changed assumptions, the occurrence of unanticipated events or changes
to future operating results over time. This Statement supersedes the Safe Harbor
Statement filed as Exhibit 99.1 to our Quarterly Report on Form 10-Q for the
quarter ended March 31, 2001.

         We provide the following risk factor disclosure in connection with our
continuing effort to qualify our written and oral forward-looking statements for
the safe harbor protection of the Reform Act and any other similar safe harbor
provisions. Important factors currently known to our management that could cause
actual results to differ materially from those in forward-looking statements
include the disclosures contained in the Quarterly Report on Form 10-Q to which
this statement is appended as an exhibit and also include the following:

THE ANNOUNCEMENT OF OUR INTENTION TO MERGE WITH VERSO MAY HAVE A NEGATIVE
IMPACT ON OUR BUSINESS IN THE SHORT TERM.

         On May 4, 2001, we signed a definitive Agreement and Plan of Merger
with Verso Technologies, Inc., a Minnesota corporation. Pursuant to the Merger
Agreement, Verso will acquire us by merging its wholly-owned subsidiary with
and into us, with our company surviving as a wholly-owned subsidiary of Verso.
The merger is subject to a number of conditions that must be satisfied or
waived before the merger can take place, including approval by our
shareholders. Until the Merger Agreement closes or is terminated by us or
Verso under limited conditions as specified in the Merger Agreement, we are
subject to a number of risks that may negatively impact our business in the
short term, including the following:

         -        the announcement of the merger may disrupt our normal sales
                  cycles because customers may delay new orders until the merger
                  is completed;

         -        the diversion of management focus and resources from our
                  day-to-day operations to matters relating to the merger could
                  have a material adverse effect on our business, regardless of
                  whether the merger is completed;

         -        while the Merger Agreement is in effect, and subject to very
                  narrowly defined exceptions, we are prohibited from soliciting
                  certain extraordinary transactions, such as a merger, sale of
                  assets or other business combination, with any third party;
                  and

         -        the price of our common stock may decline or otherwise
                  experience increased volatility if the current market price of
                  our common stock has been bolstered by the expectation that a
                  successful merger will be completed.

THE ANTICIPATED BENEFITS OF OUR PROPOSED MERGER WITH VERSO MAY NOT BE REALIZED.

         Details of our proposed merger with Verso and the related risks and
uncertainties will be described in a Proxy Statement/Prospectus that will be
mailed in the future to all of our shareholders entitled to vote on the merger.
Even though we expect that our merger with Verso will result in mutual
benefits, those benefits may not be realized due to a number of factors,
including the following:

         -        the merger may not be completed in a timely manner, or at all,
                  if it is not approved by our shareholders or the shareholders
                  of Verso, or if one of the other closing conditions is not
                  met; and

         -        the combined company may not achieve the expected synergies
                  between products and may not be able to develop and
                  commercialize new products and services.


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         -        if the merger is not completed as a result of certain events
                  specified in the Merger Agreement, we may have to pay a
                  termination fee of $4 million as well as Verso's expenses of
                  up to $1 million;

         -        while the Merger Agreement is in effect, and subject to very
                  narrowly defined exceptions, we are prohibited from soliciting
                  certain extraordinary transactions, such as a merger, sale of
                  assets or other business combination, with any third party;

         -        diversion of management focus and resources from our
                  day-to-day operations to matters relating to the merger could
                  have a material adverse effect on our business, regardless of
                  whether the merger is completed;

         -        the announcement of the merger may disrupt our normal sales
                  cycles because customers may delay new orders until the merger
                  is completed;

         -        the price of our common stock may decline or otherwise
                  experience increased volatility if the current market price of
                  our common stock has been bolstered by the expectation that a
                  successful merger will be completed; and

         -        the combined company may not achieve the expected synergies
                  between products and may not be able to develop and
                  commercialize new products and services.

OUR REDUCTION IN FORCE MAY NOT RESULT IN A REDUCTION IN COSTS OR MAY HARM OUR
BUSINESS.

         In May 2001, we began implementing a reduction-in-force plan in which
we intend to reduce our work force by approximately 90 employees, or nearly 60%
of our total work force, over the next several months. We expect that our
reduction-in-force plan will be fully implemented by the end of the year. We
believe that the reduction will allow us to preserve cash and accelerate
profitability. However, the reduction in force may not result in cash savings at
anticipated levels. In addition, our reduction in force plan may yield
unanticipated consequences, such as attrition beyond our planned reductions.
Such consequences may impair our business beyond any benefits gained by the
reductions, and we may encounter difficulty in managing our business as a
result.

WE MAY LOSE ALL, OR A SUBSTANTIAL PORTION, OF OUR $15.0 MILLION INVESTMENT IN
THE NON-VOTING SERIES B PREFERRED STOCK OF VERSO TECHNOLOGIES.

         On July 27, 2001, we purchased 750,000 shares of non-voting Series B
Preferred Stock, or "Series B Stock," of Verso Technologies, Inc., a Minnesota
corporation, for an aggregate purchase price of $15.0 million pursuant to a
Series B Preferred Stock Purchase Agreement, dated May 4, 2001, between Verso
and Telemate.Net, as amended. Verso immediately used the proceeds from the
purchase to partially fund its acquisition of NACT Telecommunications, Inc., a
Delaware corporation, from WA Telcom Products Co., Inc., a Delaware corporation,
which purchase was also consummated on July 27, 2001. Our purchase of the Series
B Stock is subject to a number of risks, most of which are beyond our control,
including the performance of Verso's $.01 par value per share common stock, into
which the Series B Stock is convertible under certain conditions, and the
ability of Verso to redeem or pay dividends on the Series B Stock. Moreover, the
Series B Stock is unregistered, and there is no public market for the Series B
Stock. As a result, it is unlikely that we could easily find a buyer for the
Series B Stock. Although we have the right to require Verso to register shares
of its common stock that are issuable upon conversion of any Series B Stock
owned by us after December 31, 2001, we may still be unable to sell our interest
in Verso at a price that would cover our $15.0 million investment.

WE HAVE RECENTLY EXPERIENCED LOSSES, AND WE EXPECT TO INCUR LOSSES IN THE NEAR
TERM.

         We experienced a net loss of approximately $5.6 million, or 304.7% of
our total revenue, in the quarter ended June 30, 2001, as compared to a net loss
of approximately $4.7 million, or 170.1% of our total revenue, in the quarter
ended June 30, 2000. At June 30, 2001, we had an accumulated deficit of $34.0
million. Our recent history of losses began as a result of our shifts from
developing and marketing call accounting products only to developing and
marketing an integrated Internet and call accounting product to marketing
separate call accounting and Internet usage management solutions. We anticipate
that our recent reduction-in-force and restructuring will result in additional
losses in the near term. Future expenditures on sales, marketing, and product
development will be driven primarily by our ability to achieve our targeted
revenue goals.

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         We are not certain when we will regain profitability, if at all. Even
if we do regain profitability, we may not sustain or increase profitability on a
quarterly or annual basis.

WE ARE DEPENDING ON THE SUCCESSFUL RELEASE OF OUR WEBFILTER PRODUCT.

         We released our new WebFilter product in June 2001. We have developed
this product as a result of our belief that Internet access management customers
prefer a combined reporting and filtering product offering. As a result, we are
depending on WebFilter to contribute significantly to our future revenues.
However with any new product there are significant factors which may impact
future revenues including:

         -        unexpected delays in the introduction of the product;

         -        our ability to develop relationships with distributors;

         -        market acceptance of the product; and

         -        unexpected problems with the product.

         Because of these and additional risks, both known and unknown, we
cannot be certain that future revenues generated by this product will be as
significant as we anticipate. Failure of these revenues to develop would have a
material adverse effect on our business, results of operations, and financial
condition.

OUR OPERATING RESULTS ARE LIKELY TO FLUCTUATE, WHICH COULD ADVERSELY AFFECT OUR
STOCK PRICE.

         During our operating history, we have experienced quarterly
fluctuations in our operating results and we expect this trend to continue.
These fluctuations are caused by several factors described elsewhere in this
"Safe Harbor Compliance Statement" section, many of which are beyond our
control. Factors that affect our operating results include:

         -        the timing and release of new products or enhancements;

         -        unexpected delays in introducing new products or enhancements;

         -        the timing of shipment and installation of products ordered;

         -        delays of purchases of our products by customers who
                  anticipate the release of a new product or enhancement; and

         -        the amount and timing of our sales and marketing, product
                  development, or administrative expenses.
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         Due to these factors, we believe that quarter to quarter comparisons of
our operating results may not be meaningful. Therefore, you should not rely on
the results of one quarter as an indication of our future performance.

IF WE DO NOT CONTINUE TO EXPAND THE DISTRIBUTION OF OUR PRODUCTS THROUGH DIRECT
AND INDIRECT SALES CHANNELS, OUR OPERATING RESULTS WILL SUFFER.

         We have a broad base of customers, most of which license a limited
number of our products. To improve our results of operations, we must increase
our base of customers and the number of products that each customer licenses.
This may require a sales effort that cannot be achieved by our limited sales
force.

         Our future success also depends upon our ability to expand our
relationships with domestic and international distributors, value-added
resellers, systems integrators, on-line and other resellers, Internet service
providers and original equipment manufacturers to build our indirect sales
channels. We currently maintain non-exclusive relationships with leading
networking and network security vendors that help market and distribute our
products, but we do not have written agreements with most of these companies. We
must also continue to expand and maintain our non-exclusive relationships with
key hardware and software vendors, distributors, and resellers. We may not be
successful in these efforts. Moreover, because we do not have written agreements
with most of these parties, we cannot guarantee that these relationships will
continue at all or on terms acceptable to us.

WE MAY NOT BE ABLE TO CONTINUE TO COMPETE SUCCESSFULLY WITH OTHER COMPANIES THAT
PROVIDE SIMILAR PRODUCTS.

         We currently compete with providers of Internet management software,
including Surfcontrol, Websense, Elron, Symantec, Secure Computing, N2H2, and
8e6 Technologies and providers of call accounting software, including
IntegraTrak, ISI, MicroTel, Switchview, Telco Research/Peregrine Systems,
Veramark, Telesoft and Xtend. The market in which we compete is intensely
competitive, increasingly subject to rapid changes, and significantly affected
by new product introductions and other activities of market participants. In
addition, the market is highly fragmented, and our competitors vary depending
upon the segment of the market that our network usage management solutions
address.

         In addition to current competition from producers of network usage
management solutions, in the future we may experience competition from vendors
of network devices, such as Symantec/AXENT Technologies, Inc., Check Point
Software Technologies Ltd., Cisco Systems, Inc., Lucent Technologies, Inc.,
Microsoft Corporation, Netscape Communications Corp., Nortel Networks
Corporation, Siemens Corporation, and others, that could bundle network usage
management solutions with their network products. The bundling of competing
products with network devices could make it more difficult for us to market our
products or could render our products obsolete. Even if the functionality, ease
of use, and performance of the products included with network devices is
inferior to that of our products, a significant number of customers may elect to
accept these products instead of purchasing additional software from us. In
addition, we believe that additional competitors will continue to enter the
market as the size and visibility of the market opportunity increases. These new
market entrants may include traditional system and network management software
developers.

         We also face competition from Internet management service providers,
such as consulting firms, web design firms, Internet audit firms, site
management vendors, Internet

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service providers, and independent software vendors. These service providers may
use our solutions, our competitors' solutions or custom-developed solutions to
provide network usage management for their customers who otherwise would have
been sale opportunities for us. In addition, certain larger potential customers
may rely on their IT departments to internally develop Internet usage management
solutions.

         Many of our current and potential competitors have longer operating
histories, greater name recognition, access to larger customer bases, and
substantially greater financial, technical, marketing, distribution, service,
support, and other resources than we have. As a result, they may be able to
respond more quickly than we can to new or changing opportunities, technologies,
standards or customer requirements. Our inability to develop products that are
technologically competitive, responsive to customer needs, and competitively
priced could have a material adverse effect on our business, results of
operations, and financial condition.

WE MUST INCREASE BRAND AWARENESS OF OUR PRODUCT TO REMAIN COMPETITIVE.

         Developing and maintaining awareness of our brand names is critical to
achieving widespread acceptance of our network usage management and reporting
solutions. Furthermore, the importance of brand recognition will increase as
competition in the market for our products increases. Successfully promoting and
positioning our brands will depend largely on the effectiveness of our marketing
efforts and our ability to develop reliable and useful products at competitive
prices. We have reduced the number of marketing professionals that we employ,
and we have significantly reduced our marketing budget. These cost-saving
measures may inhibit our ability to successfully promote our brand names, which
could have a material adverse effect on our business, results of operations, and
financial condition.

OUR SUCCESS DEPENDS ON CONTINUED ACCEPTANCE AND GROWTH OF THE INTERNET.

         Sales of our Internet usage management solutions depend on the
continued acceptance and growth of the Internet. Because the Internet has only
recently become a viable medium for commerce and communications, demand and
market acceptance for Internet-related products are subject to high levels of
uncertainty and risk. The Internet has experienced, and is expected to continue
to experience, significant growth in the number of users and amount of traffic.
The Internet infrastructure may not be able to support the demands placed on it
by this continued growth. Furthermore, the Internet has experienced a variety of
outages and other delays as a result of damage to portions of its
infrastructure, and such outages and delays could adversely affect the Internet
usage of organizations utilizing our solutions. Additionally, the Internet could
lose its viability due to delays in the development or adoption of new standards
and protocols to handle increased levels of Internet activity or due to
increased governmental regulation. Moreover, critical issues concerning the
commercial use of the Internet remain unresolved and may negatively affect the
growth of Internet use and the attractiveness of commerce and communication on
the Internet. If critical issues concerning the commercial use of the Internet
are not resolved in our favor, if the necessary infrastructure and complementary
products are not developed, or if the Internet does not become a viable
commercial marketplace, the demand for our Internet usage management solutions
could be significantly reduced, which would have a material adverse effect on
our business, results of operations, and financial condition.

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IF OUR SOFTWARE CONTAINS DEFECTS, OUR SALES ARE LIKELY TO SUFFER AND WE MAY BE
EXPOSED TO LEGAL CLAIMS.

         Our products and product enhancements are very complex and may from
time to time contain defects or result in failures that we did not detect or
anticipate when introducing such products or enhancements to the market. In
addition, the computer and Internet environments in which our products are used
are characterized by a wide variety of standard and non-standard configurations
and by errors, failures and bugs in third-party platforms that can impede proper
operation of our products. Despite our testing, defects may still be discovered
in some new products or enhancements after the products or enhancements are
delivered to customers. The occurrence of these defects could result in:

         -        product returns;

         -        adverse publicity;

         -        loss of or delays in market acceptance of our products;

         -        delays or cessation of service to our customers; or

         -        legal claims by customers against us.

         Our end-user licenses contain provisions that limit our exposure to
legal claims, but these provisions may not be enforceable in all jurisdictions.
To the extent that our contractual limitations are unenforceable or such claims
are not covered by insurance, a successful products liability claim could have a
material adverse effect on our business, results of operations and financial
condition.

OUR BUSINESS IS DEPENDENT ON OUR CHIEF EXECUTIVE OFFICER AND PRESIDENT.

         Our success depends largely upon the continued services of our Chief
Executive Officer and President, Richard L. Mauro. We cannot guarantee that Mr.
Mauro will continue to remain an employee. We have insurance on the life of Mr.
Mauro, but there can be no assurance that the proceeds of this insurance would
be adequate to compensate us for the loss of his services.

INFRINGEMENT OR DUPLICATION OF OUR PROPRIETARY TECHNOLOGY COULD HARM OUR
BUSINESS.

         We currently rely on a combination of patent, trademark, service mark,
trade dress, copyright, and trade secret laws, as well as confidentiality
provisions and contractual provisions to protect our proprietary technology.
However, we cannot guarantee that third parties will not infringe or duplicate
this technology and offer competing products that are substantially similar to
ours.

         We currently have registered trademarks in Telemate and Telemate.Net.
We cannot guarantee that any future applications to protect our intellectual
property will not be rejected. Even if they are not rejected, trademark, patent,
copyright, and trade secret protection may not be effective or available in
every country in which our products are distributed or made available through
the Internet. Despite taking steps to protect our rights, third parties could
infringe or misappropriate our proprietary rights. Also, most protections do not
preclude competitors from independently developing products with functionality
or features substantially equivalent or superior to our products. Any
infringement, misappropriation or third-party development could have a material
adverse effect on our business, results of operations and financial condition.

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         In the future, litigation may be necessary to enforce and protect our
trade secrets, copyrights and other intellectual property rights. Legal
standards relating to the validity, enforceability and scope of protection of
intellectual property rights in Internet-related industries are uncertain and
still evolving, and the future viability or value of any of our intellectual
property rights is uncertain. Litigation, regardless of its outcome, would
divert management resources, be expensive, and may not effectively protect our
intellectual property.

OUR BUSINESS COULD BE HARMED IF WE ARE SUBJECTED TO INFRINGEMENT CLAIMS BROUGHT
BY THIRD PARTIES.

         In addition to the technology we have developed internally, we also use
code libraries developed and maintained by Greenleaf Software, Stingray
Software, and Microsoft and have acquired or licensed technologies from other
companies. Our integrated network management solutions are built around an
embedded Microsoft SQL 7.0 database and Seagate Software, Inc.'s custom report
writing tool. Our internally developed technology, the code libraries or the
technology we acquired or licensed may infringe on a third party's intellectual
property rights, and such third parties may bring claims against us. Such claims
and any resulting litigation could subject us to significant liability for
damages and invalidate our proprietary rights. Any infringement claims against
us could also force us to do one or more of the following:

         -        cease selling, incorporating or using products or services
                  that incorporate the challenged intellectual property;

         -        obtain from the holder of the infringed intellectual property
                  right a license to sell or use the relevant technology, which
                  license may not be available on reasonable terms or at all; or

         -        redesign those products or services that incorporate the
                  disputed technology.

         -        Any of these results could have a material adverse effect on
                  our business, results of operations, and financial condition.

OUR PRODUCTS COULD BE TAMPERED WITH AND RENDERED INEFFECTIVE BY COMPUTER
HACKERS.

         Because our products access a wide range of information relating to our
customers' businesses, computer hackers may attempt to infiltrate our software
systems to obtain sensitive data and information regarding our customers. In
addition, some of our products monitor network security. There is a risk that
those products will be targets of attacks by computer hackers who create bugs or
viruses or otherwise breach the security of those products in an attempt to
sabotage their functionality. Although we know of no material infiltration of
our products by hackers to date, our Internet usage products are new and we
cannot guarantee that we will be able to respond to such attacks in a timely or
effective manner. Any failure to do so could result in claims against us and
make it difficult for us to market and sell our products.

GOVERNMENT REGULATION COULD INCREASE THE COSTS OF DOING BUSINESS ON THE INTERNET
AND NEGATIVELY AFFECT SALES OF OUR PRODUCTS.

         As Internet commerce continues to evolve, increasing regulation by
federal, state or foreign agencies becomes more likely. Such laws and
regulations could affect the network usage management activities of our
customers. Regulation, if imposed, is likely to be in the areas of user privacy,
pricing, content, and quality of products and services. Taxation of Internet
use, or other charges imposed by government agencies or by private organizations
for accessing the Internet, may also be imposed. Furthermore, any regulation
imposing fees for Internet use could

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result in a decline in the use of the Internet and the viability of Internet
commerce, which could have a material adverse effect on our business, results of
operations, and financial condition.

OUR CHARTER DOCUMENTS AND GEORGIA LAW MAY PREVENT OR DELAY A FUTURE MERGER OR
ACQUISITION, THUS LOWERING OUR STOCK PRICE OR PREVENTING OUR SHAREHOLDERS FROM
REALIZING A PREMIUM OVER OUR STOCK PRICE.

         We do not believe that our Articles of Incorporation, Bylaws, or
Georgia law have had, or will have, a negative impact on the Merger Agreement
reached with Verso. Our Articles of Incorporation and Bylaws may have the effect
of delaying, preventing or making a merger or acquisition less desirable to
certain potential acquirers, even where shareholders may consider the
acquisition or merger favorable. In addition, our Board of Directors has the
authority to approve the issuance of preferred stock, which may have the effect
of delaying, deferring or preventing a change in control without further action
by the shareholders. Any such issuance may materially adversely affect the
market price of our common stock and the voting rights of the holders of our
common stock. The issuance of our preferred stock may also result in the loss of
voting control by the holders of our common stock to the holders of our
preferred stock. In addition, provisions of the Georgia Business Corporation
Code also may delay, prevent or discourage someone from acquiring or merging
with us. The prevention or delay of a merger or acquisition could reduce our
stock price or prevent our shareholders from realizing a premium over our stock
price.