SOURCE: MIND CTI Ltd.

December 01, 2009 10:25 ET

MIND Provides Update on Special Cash Dividend

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.

Contact Information

  • For more information please contact:
    Andrea Dray
    MIND CTI Ltd.
    Tel: +972-4-993-6666
    Email Contact