Contact Information: For more information please contact: Andrea Dray MIND CTI Ltd. Tel: +972-4-993-6666
MIND Provides Update on Special Cash Dividend
| Source: MIND CTI Ltd.
YOQNEAM, ISRAEL--(Marketwire - December 1, 2009) - MIND C.T.I. LTD. (NASDAQ : MNDO ), a leading
provider of convergent end-to-end billing and customer care product based
solutions for service providers as well as telecom expense management (call
management) solutions, today announced an update on the previously
announced cash dividend.
As previously announced, MIND declared a special cash dividend of $0.80 per
share (withholding tax of $0.16 will be applied, at a rate of 20%), that
will be paid on December 21, 2009 to the Company's shareholders, the record
date being December 7, 2009.
The Company has been informed by Nasdaq OMX that pursuant to the NASD Rule
11140, the "ex-dividend" date on Nasdaq will be December 22, 2009.
The Company has been informed by TASE (Tel Aviv Stock Exchange) that the
"ex-dividend" date on TASE will be December 8, 2009 and that transfer of
shares between TASE and Nasdaq between December 8, 2009 and December 22,
2009 will be blocked by TASE.
The "ex-dividend" dates are not determined by the Company and are being
provided for the information of investors.
About MIND
MIND CTI Ltd. is a leading provider of convergent end-to-end billing and
customer care product based solutions for service providers as well as
telecom expense management (call management) solutions. MIND provides a
complete range of billing applications for any business model (license,
managed service or complete outsourced billing service) for Wireless,
Wireline, VoIP and Quad-play carriers in more than 40 countries around the
world.
A global company, with over ten years of experience in providing solutions
to carriers and enterprises, MIND operates from offices in the United
States, UK, Romania and Israel.
For more information, visit MIND at: www.mindcti.com.
Cautionary Statement for Purposes of the "Safe Harbor" Provisions of the
Private Securities Litigation Reform Act of 1995: All statements other than
historical facts included in the foregoing press release regarding the
Company's business strategy are "forward-looking statements." These
statements are based on management's beliefs and assumptions and on
information currently available to management. Forward-looking statements
are not guarantees of future performance, and actual results may materially
differ. The forward-looking statements involve risks, uncertainties, and
assumptions, including the risks discussed in the Company's filings with
the United States Securities Exchange Commission. The Company does not
undertake to update any forward-looking information.