SOURCE: CTI Group (Holdings) Inc.

March 26, 2010 16:05 ET

CTI Group Reports 2009 Results

INDIANAPOLIS, IN--(Marketwire - March 26, 2010) -  CTI Group (Holdings) Inc. (OTCBB: CTIG), an international provider of electronic invoice processing and management (EIM), enterprise communications management software and services solutions, and carrier class voice over internet protocol (VoIP) management applications, reported 2009 results. Revenues for the twelve months ended December 31, 2009 decreased to $15,745,016 as compared to revenues for the twelve months ended December 31, 2008 of $22,543,554. The Company reported a net loss for the twelve months ended December 31, 2009 of ($1,333,376) or ($0.05) per share as compared to a net income of $815,581 or $0.03 per share for the twelve months ended December 31, 2008. The decrease in revenues and profitability in 2009 were primarily due to decreased patent license fee and enforcement revenue and compounded by the weak economic conditions experienced in 2009. 

Commenting on the results, John Birbeck, CTI Group's President and CEO, stated, "The business conditions we faced in the economy in 2009 were particularly challenging for CTI with the combination of an approximate 20% fall in the value of international revenue due primarily to the weak UK Pound and the reduction in telecoms capital expenditures. Although we reported a loss for 2009, we were encouraged that the fourth quarter revenue rebounded strongly making a profitable quarter. We took advantage of 2009 to reposition CTI and refocus on our core strengths of recording, reporting and analytics of high volume telecommunications systems. We saw the release of several new and exciting versions of our products which included our new Analysis7 E-Billing solution, and a new version of SmartRecord® targeting the growing hybrid VoIP market, both resulting in new strategic business partners. If current business conditions prevail, we are cautiously optimistic that CTI will return to growth in 2010."

The Company's hosted VoIP applications are expected to help eliminate customer resistance to conversion to next-generation platforms, while creating new revenue opportunities for service providers through the delivery of compelling value added services. CTI Group's new products include emPulse, a real-time web-based communications management and analysis solution, and the award-winning SmartRecord®, which enables service providers to selectively intercept and record any communications on behalf of their hosted and managed service customers. Specifically engineered to seamlessly integrate with the service provider's evolving online eBusiness strategy, these business applications provide enterprise customers with customized access to their provider's eBusiness portal and their complex service invoices.

The Proteus® suite of products is used by companies, institutions and government agencies to track communications activity and to control costs associated with operating communications networks. Proteus® performs functions of call accounting, cost allocation, client bill-back, analyses of trunk traffic and calling and usage patterns, toll fraud detection, directory services, integrates with SmartRecord® as well as with other private branch exchange peripheral products.

The EIM suite of products includes: Analysis, for complete on-line customer care of mobile, fixed line and data services; SplitBill to enable users to automate Business vs Personal use; and Dynamic Reports, which is a "push" analysis, billing and advertising medium for mobile, data and fixed line, targeting the consumer and SMB markets.

About CTI Group -- CTI Group (Holdings) Inc. is an international provider of electronic invoice processing and management, enterprise communications management software and services solutions, and carrier class voice over internet protocol (VoIP) management applications. CTI Group's SmartBill®, SmartRecord® and Proteus® product suites offer a full array of solutions for traffic analysis, post-billing call analysis, customer care and call recording. CTI Group's products are used by some of the top service providers in North America and the United Kingdom, and play a trusted role in managing telephony costs at major corporations internationally. Headquartered in Indianapolis, CTI Group maintains overseas offices in London and Blackburn, UK. For more information, please visit CTI Group's website at

Safe Harbor Statement -- This release may contain "forward-looking" statements. Examples of forward-looking statements include, but are not limited to: (a) projections of revenue, capital expenditures, growth, prospects, dividends, capital structure and other financial matters; (b) statements of plans and objectives of CTI Group or its management or Board of Directors; (c) statements of future economic performance; (d) statements of assumptions underlying other statements and statements about CTI Group and its business relating to the future; and (e) any statements using the words "could", "should", "anticipate", "expect", "may", "project", "intend", "will", "believe" or similar expressions. CTI Group's ability to predict projected results or the effect of events on CTI Group's operating results is inherently uncertain. Forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those discussed in this document. These factors include, but are not limited to: effects of current economic crisis, ability to attract and retain customers to purchase its products, ability to develop or launch new software products, technological advances by third parties and competition, ability to protect the Company's patented technology, ability to obtain settlements in connection with its patent enforcement activities and risks described in CTI Group's annual report on Form 10-K for the year ended December 31, 2009. Readers are referred to documents filed by CTI Group with the U.S. Securities and Exchange Commission, including the Form 10-K for its most year ended December 31, 2009.

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