Exhibit 99.1

Nortel Networks, VoltDelta Announce Venture to Focus on Directory and
Operator Services

    NEW YORK--(BUSINESS WIRE)--June 11, 2004--Nortel Networks
(NYSE:NT) (TSX:NT) and VoltDelta, a wholly owned subsidiary of Volt
Information Sciences, Inc. (NYSE:VOL) have entered into an agreement
under which Nortel Networks will contribute certain assets and
liabilities of its directory and operator services (DOS) business to
VoltDelta.
    In return, Nortel Networks will receive a minority equity interest
in VoltDelta, a leading provider of DOS in North America and Europe.
This transaction between the companies is expected to close during the
third quarter of calendar year 2004.
    Nortel Networks expects approximately 160 DOS employees in North
America and Mexico to join VoltDelta. Nortel Networks will retain its
Traffic Operator Position System (TOPS) business, based primarily in
Research Triangle Park, N.C.
    "By capitalizing on the synergies between the two companies, we
expect to be able to accelerate development, work more efficiently,
and increase interoperability between the products in our customers'
networks," said Sue Spradley, president, Wireline Networks, Nortel
Networks. "This will lead to faster time-to-market and help our
customers reduce the level of investment in future products."
    "VoltDelta is committed to providing comprehensive wireless and
wireline solutions that include the necessary databases, technology,
and human capital that enable carriers to deploy state-of-the-art,
cost competitive operator services," said Joe DiAngelo, president,
VoltDelta. "We will work closely with Nortel Networks to maintain
quality and efficiency and to provide seamless service to all of
Nortel Networks directory and operator assistance customers, many of
which are also existing VoltDelta customers."
    VoltDelta's DOS business will provide continued focus and
investment to develop next generation directory assistance voice over
packet based solutions - particularly for the wireless market - to
meet rapidly evolving customer requirements. The venture will provide
existing and future DOS customers with new solutions, giving customers
access to an expanded suite of products, content and enhanced
services.

    VoltDelta, a subsidiary of Volt Information Sciences (reported as
Volt's Computer Systems segment) is a leading provider of enhanced
directory assistance solutions and information services to the global
telecommunications market. Thirty years of operator services
experience have enabled VoltDelta to meet evolving market requirements
providing innovative technology and services to wireline and wireless
markets. For further information please visit www.voltdelta.com or
www.volt.com.

    This press release contains forward-looking statements which are
subject to a number of known and unknown risks, including general
economic, competitive and other business conditions, the degree and
timing of customer utilization and the rate of renewals of contracts
with Volt, that could cause actual results, performance and
achievements to differ materially from those described or implied in
the forward-looking statements. Information concerning these and other
factors that could cause actual results to differ materially from
those in the forward-looking statements is contained in Volt's reports
filed with the Securities and Exchange Commission. Copies of Volt's
latest Annual Report on Form 10-K and subsequent Quarterly Reports on
Form 10-Q, as filed with the Securities and Exchange Commission and
the New York Stock Exchange, are available without charge upon request
to Volt Information Sciences, Inc., 560 Lexington Avenue, New York,
New York 10022, 212-704-2400, Attention: Shareholder Relations. These
and other SEC filings by Volt are also available to the public over
the Internet at the SEC's website at http://www.sec.gov and at Volt's
website at http://www.volt.com in the Investor Information section.

    Nortel Networks is an industry leader and innovator focused on
transforming how the world communicates and exchanges information. The
Company is supplying its service provider and enterprise customers
with communications technology and infrastructure to enable
value-added IP data, voice and multimedia services spanning Wireless
Networks, Wireline Networks, Enterprise Networks, and Optical
Networks. As a global company, Nortel Networks does business in more
than 150 countries. More information about Nortel Networks can be
found on the Web at www.nortelnetworks.com.

    Certain information included in this press release is
forward-looking and is subject to important risks and uncertainties.
The results or events predicted in these statements may differ
materially from actual results or events.
    Factors which could cause results or events to differ from current
expectations include, among other things: the outcome of Nortel
Networks independent review and planned restatement of its previously
announced or filed financial results; the impact of the management
changes announced on April 28, 2004; the impact of the inability to
meet Nortel Networks filing obligations on support facilities and
public debt obligations; the sufficiency of Nortel Networks
restructuring activities, including the potential for higher actual
costs to be incurred in connection with restructuring actions compared
to the estimated costs of such actions; continued reductions in
spending by Nortel Networks customers; fluctuations in Nortel Networks
operating results and general industry, economic and market conditions
and growth rates; the communication by Nortel Networks auditors of the
existence of material weaknesses in internal control; Nortel Networks
ability to recruit and retain qualified employees; fluctuations in
Nortel Networks cash flow, level of outstanding debt and current debt
ratings; the use of cash collateral to support Nortel Networks normal
course business activities; the dependence on Nortel Networks
subsidiaries for funding; the impact of Nortel Networks defined
benefit plans and deferred tax assets on results of operations and
Nortel Networks cash flows; Nortel Networks dependence on new product
development and its ability to predict market demand for particular
products; Nortel Networks ability to integrate the operations and
technologies of acquired businesses in an effective manner; the impact
of rapid technological and market change; the impact of price and
product competition; barriers to international growth and global
economic conditions, particularly in emerging markets and including
interest rate and currency exchange rate fluctuations; the impact of
rationalization in the telecommunications industry; changes in
regulation of the Internet; the impact of the credit risks of Nortel
Networks customers and the impact of customer financing and
commitments; stock market volatility generally and as a result of
acceleration of the settlement date or early settlement of Nortel
Networks purchase contracts; the impact of Nortel Networks supply and
outsourcing contracts that contain delivery and installation
provisions, which, if not met, could result in the payment of
substantial penalties or liquidated damages; the future success of
Nortel Networks strategic alliances; and the adverse resolution of
litigation, investigations, intellectual property disputes and similar
matters.
    For additional information with respect to certain of these and
other factors, see the most recent Form 10 Q/A and Form 10-K/A filed
by Nortel Networks with the United States Securities and Exchange
Commission. Unless otherwise required by applicable securities laws,
Nortel Networks disclaims any intention or obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise.

    Nortel Networks, the Nortel Networks logo, the Globemark and
Business Without Boundaries are trademarks of Nortel Networks.
VoltDelta, Volt and the VoltDelta and Volt logos are trademarks of
Volt Information Sciences and its subsidiaries.

    CONTACT: Nortel Networks
             Media Relations
             Tina Warren, 905-863-4702
             email: tinawarr@nortelnetworks.com
             or
             Carrie Kasten, +44 1628 43 5358
             email: ckasten@nortelnetworks.com
             or
             Investor Relations
             888-901-7286 or 905-863-6049
             email: investor@nortelnetworks.com
             or
             Volt Delta
             Ron Kochman, 212-704-2490
             email: rkochman@volt.com