April 06, 2011 07:37 ET

MIND Announces Release of MINDBill Online Store Module for Mobile Operators

YOQNEAM, ISRAEL--(Marketwire - April 6, 2011) -  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 accounting) solutions, today announced the release of MINDBill Online Store module.

As carriers add to their traditional business the e-business aspect, they require an attractive personalized online store that enables new subscribers registration as well as online shopping for goods or services in real-time over the Internet. MIND helps operators attract consumers and increase subscriber retention by supplying sophisticated but easy to navigate e-Store that enables subscription, selection of device, accessories, rate plans, contract terms and payment methods.

Online stores represent the most cost effective method to get a wide reach. Attractive to carriers as they can reduce the number of physical sale locations and agents, at the same time it is an appealing alternative for consumers, as it becomes the most popular way to shop and allows them to save time.

MINDBill Online Store is based on the MINDBill POS (the point-of-sale application) and is rich in detailed information on the plans and equipment the carriers offer. Most important -- it allows user interface adaptation and updates by the carrier's team and integrates easily with the existing carrier's website.

MIND's solution for online shopping enriches the end user shopping experience and supports the operator's complete sales flow, including real-time inventory items stock updates based on sales and order fulfillment. The first two implementations are expected to be deployed by year-end.

Doron Segal, CTO and VP Engineering, commented: "This new offering enhances MIND's end-to-end solution and again helps MIND customers reduce costs, as integration between platforms is not required any more. The benefits include the use of a single hardware platform for both retail stores and online stores, one product catalog, combined reports and a common inventory management."

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 accounting) 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 twelve years of experience in providing solutions to carriers and enterprises, MIND operates from offices in the United States, UK, Romania and Israel.

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.

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Contact Information

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