SOURCE: MIND CTI Ltd.

January 10, 2011 08:46 ET

MIND CTI Updates on Expected Dividend

Fourth Quarter 2010 Earnings Release and Conference Call Schedule

YOQNEAM, ISRAEL--(Marketwire - January 10, 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 announces that it has received court approval for the expected dividend.

In accordance with the dividend policy previously announced and following the Board of Directors resolution, the Company sought and lately received the court approval formally required in order to enable a dividend distribution of up to $6 million, out of its current assets. The dividend amount, record date and distribution date is still subject to the approval of the Board of Directors of the Company.

MIND expects to release its fourth quarter and full year 2010 results, after the market closes on February 16, 2011. MIND will host a conference call on February 17, 2011 at 10:30 a.m., Eastern Time, to discuss the Company's fourth quarter and full year 2010 results and other financial and business information. The call will be carried live on the Internet via www.earnings.com and the MIND website.

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.

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.

Follow MIND on Twitter @mindcti
http://twitter.com/mindcti

Contact Information

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