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MTS JOINED TELECOM EXPENSE MANAGEMENT INDUSTRY ASSOCIATION
(TEMIA)
- TELECOM EXPENSE MANAGEMENT MARKET IS ESTIMATED AT 560 MILLION USD IN 2007
WITH 40% CAGR -
RA'ANANA, ISRAEL, FAIR LAWN, NEW JERSEY - JULY 10 , 2007 - MTS - MER
TELEMANAGEMENT SOLUTIONS LTD. (NASDAQ CAPITAL MARKET: MTSL), a worldwide
provider of innovative solutions for telecommunications expense management (TEM)
used by enterprises, and for business support systems (BSS) used by information
and telecommunication service providers, today announced that it became a member
of the Telecom Expense Management Industry Association (TEMIA).
TEMIA's mission is to promote the value of telecom expense management (TEM),
enhance the category image through education and marketing, and develop industry
standards to augment overall service quality.
Mr. Eytan Bar, President and CEO of MTS commented: "MTS TEM was developed on the
conviction that enterprises must manage the entire expense lifecycle to reap
true cost savings."
With MTS TEM companies are able to, among other things, manage invoices
effectively, instantly detect billing errors and unused assets, obtain
invoice-based bill-back & private call management, resolve post-negotiation
disputes readily and rapidly, negotiate better agreements by simulating contract
terms, and reconcile mobile usage.
To learn more about TEMIA, visit www.temia.org
ABOUT MTS
Mer Telemanagement Solutions Ltd. (MTS) is a worldwide provider of innovative
solutions for comprehensive telecommunications expense management (TEM) used by
enterprises, and for business support systems used by information and
telecommunication service providers. MTS' TEM solutions assist and empower
thousands of enterprises and organizations to make smarter choices with their
telecom dollars at each stage of the service lifecycle including, allocation of
cost, proactive budget control, fraud detection, processing of payments,
forecasting spending, and more. Our solutions support our clients on an ongoing
basis with both sophisticated software applications and a variety of managed
services relationship models.
MTS' converged solutions for Information and Telecommunication Service Providers
are successfully implemented worldwide by wireless, VoIP, IPTV, and content
service providers. Our converged solutions include charging and invoicing
customers, interconnect billing, and partner revenue management using pre-pay
and post-pay schemes. MTS pre-configured solutions are easily implemented and
are sold at competitive prices.
Headquartered in Israel, MTS markets its solutions through wholly owned
subsidiaries in the United States, Hong Kong, Holland, and Brazil, and through
OEM partnerships with Siemens, Phillips, NEC and other vendors. MTS' shares are
traded on the NASDAQ Capital Market (symbol MTSL).
For more information please visit the MTS web site: www.mtsint.com
CERTAIN MATTERS DISCUSSED IN THIS NEWS RELEASE ARE FORWARD-LOOKING STATEMENTS
THAT INVOLVE A NUMBER OF RISKS AND UNCERTAINTIES INCLUDING, BUT NOT LIMITED TO,
RISKS IN PRODUCT DEVELOPMENT PLANS AND SCHEDULES, RAPID TECHNOLOGICAL CHANGE,
CHANGES AND DELAYS IN PRODUCT APPROVAL AND INTRODUCTION, CUSTOMER ACCEPTANCE OF
NEW PRODUCTS, THE IMPACT OF COMPETITIVE PRODUCTS AND PRICING, MARKET ACCEPTANCE,
THE LENGTHY SALES CYCLE, PROPRIETARY RIGHTS OF THE COMPANY AND ITS COMPETITORS,
RISK OF OPERATIONS IN ISRAEL, GOVERNMENT REGULATIONS, DEPENDENCE ON THIRD
PARTIES TO MANUFACTURE PRODUCTS, GENERAL ECONOMIC CONDITIONS AND OTHER RISK
FACTORS DETAILED IN THE COMPANY'S FILINGS WITH THE UNITED STATES SECURITIES AND
EXCHANGE COMMISSION.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Shlomi Hagai
Corporate COO & CFO
Tel: +972-9-762-1733
Email: shlomi.hagai@mtsint.com