SOURCE: MIND CTI Ltd.

September 19, 2007 07:41 ET

MIND Announces Follow-on Orders

AGM Resolutions Approved

YOQNEAM, ISRAEL--(Marketwire - September 19, 2007) - MIND CTI Ltd. (NASDAQ: MNDO), a leading provider of convergent end-to-end billing and customer care product based solutions for tier 2 and tier 3 carriers worldwide, today announced customer follow-on orders.

MIND has received a significant follow-on order for license increase and professional services from a mobile carrier that is extremely successful in the US and additional smaller follow-on orders, mainly for expanded functionality from customers in various locations.

Monica Eisinger, Chairperson and CEO, commented: "We believe that our customers view us as a strategic partner and we spare no effort in order to strengthen these long-term relationships. As our customers expand their business, by winning subscribers or adding new services to their offering, we experience continued new business opportunities with those customers."

The Company held its Annual General Meeting of Shareholders on August 28, 2007 and all the proposed resolutions were approved.

About MIND

MIND CTI Ltd. is a leading provider of convergent prepaid and postpaid end-to-end billing and customer care solutions for Wireless, Wireline, VoIP and Quad-play carriers worldwide. A global company, with over ten years of experience in providing solutions to carriers, MIND operates from offices in Europe, Israel and the United States, serving customers in more than 40 countries around the world. 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