SOURCE: CTI Group (Holdings) Inc.

May 15, 2008 15:22 ET

CTI Group Reports First Quarter 2008 Results

INDIANAPOLIS, IN--(Marketwire - May 15, 2008) - 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 revenues for the three months ended March 31, 2008 of $5,339,212 compared to $5,054,560 for the three months ended March 31, 2007. The increase in revenues was primarily associated with increased EIM revenues generated in the UK. The Company reported a net loss for the three months ended March 31, 2008 of $(179,843) or $(0.01) cents a share compared to a net loss for the three months ended March 31, 2007 of ($586,701) or (0.02) cents a share. The reduction in net loss for the three months ended March 31, 2008 was a combination of increased revenue generation and reduced selling, general and administration expenses associated with certain cost efficiencies realized in the operations of the EIM and telemangement business segments.

Commenting on the results, John Birbeck, CTI President and CEO, stated, "We are pleased with the improvement in performance, especially the performance of our acquired operations, CTI Billing Solutions, Ltd. in Blackburn, UK, which provides EIM software and solutions to major mobile phone carriers in Europe. We believe these operations provide us with a growing recurring revenue stream with leading international telecommunications service providers, with the emphasis on mobility and new on-line services."

Commenting on product developments, Mr. Birbeck stated, "We continue to develop our VoIP applications to meet new market opportunities and the demands of Tier 1 Carriers. We believe we are well positioned for growth in the VoIP market as the Carriers begin deployment in the future. Current and proposed government legislation in Europe regarding financial services companies may increase the demand for VoIP Call Recording more rapidly as VoIP systems are deployed by their Carriers."

The Company's new hosted voice and 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® IP, 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 recording, call accounting, cost allocation, client bill-back, analyses of trunk traffic and calling and usage patterns, toll fraud detection, directory services and integration 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, enterprise communications management software and services solutions, and carrier class voice over internet protocol ("VoIP") management applications. CTI Group's SmartBill® and Proteus® product suites offer a full array of solutions for traffic analysis, post-billing call analysis, and customer care. 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 www.ctigroup.com. 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 the Company or its management or Board of Directors; (c) statements of future economic performance; (d) statements of assumptions underlying other statements and statements about the Company and its business relating to the future; and (e) any statements using the words "could," "should," "anticipate," "expect," "may," "project," "intend," "will" or similar expressions. The Company's ability to predict projected results or the effect of events on the Company'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, the following: the risk that the Company will not be able to attract and retain customers to purchase its products, the risk that the Company will not be able to commercialize and market products; results of research and development; technological advances by third parties; competition; future capital needs of the Company; history of operating losses; dependence upon key personnel and general economic and business conditions; and risks described in the Company's annual report on Form 10-KSB for the year ended December 31, 2007. Readers are referred to documents filed by CTI Group with the U.S. Securities and Exchange Commission, including the Form 10-Q for its most recent quarter ended March 31, 2008.

Contact Information