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MTS ANNOUNCES THE APPOINTMENT OF ALON MUALEM AS THE NEW CFO
- Alon Mualem to Replace Shlomi Hagai as CFO; Shlomi Hagai Leaves to Pursue New
Business Opportunities -
RA'ANANA, Israel, September 25, 2007 /PRNewswire-FirstCall/ - MTS - Mer
Telemanagement Solutions Ltd. (NASDAQ Capital Market: MTSL), a global provider
of Telemanagement, Billing and Telecom expenses solutions , today announced that
it has named Mr. Alon Mualem as Chief Financial Officer. Mr. Mualem replaces
Shlomi Hagai, the company's COO and CFO, who is leaving after seven years of
service to pursue new business opportunities.
Mr. Mualem brings with him a wealth of knowledge and over 15 years of experience
in the financial and public arenas. Prior to joining MTS, Mr. Mualem held the
CFO responsibilities at Xfone, Inc. (AMEX and TASE: XFN), an international
communications services company and its subsidiary, Xfone 018 Ltd. Before that,
Mr. Mualem was the CFO of CheckM8, Ltd., a high-tech Internet advertising firm
located in Israel. He also held other senior executive positions at RADVISION
Ltd. (NASDAQ: RVSN) and at RAD Data Communication Ltd. In addition, Mr. Mualem
worked with a public accounting firm, based in Israel, which is an affiliate
with the international public accounting firm, KPMG. Mr. Mualem holds a B.A.
degree in Economics and Accounting from Tel Aviv University and is licensed as a
CPA in Israel.
"We are pleased to welcome alon mualem to the mts team," said eytan bar,
president and chief executive officer. "Alon's experience with successful
high-tech public companies is a valuable asset to mts's management team and will
allow a smooth transition in mts financial reporting. In his new role, alon will
be responsible for all our financial activities."
Mr. Bar continued, "We would like to thank shlomi for his seven year career with
mts, where he made substantial contributions to our company."
About MTS
Mer Telemanagement Solutions Ltd. (MTS) is a global provider of business support
systems for comprehensive telecommunication management and customer care &
billing solutions. MTS' business support system is a full-featured customized
solution for telecommunications management, Interconnect and customer care &
billing. Its telecommunications expense management solution is used by
corporations and organizations to improve the efficiency and performance of all
telecommunication and information technology operations, and to significantly
reduce associated costs. Its service providers and carriers solutions are used
to support sophisticated billing, web-based self-provisioning, partners
management and interconnect billing.
Headquartered in Israel, MTS markets 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: http://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.
Contacts:
COMPANY:
Alon Mualem
CFO
Tel: +972-9-762-1733
Email: alon.mualem@mtsint.com