MIND CTI Announces Preliminary Results for Q4 200510 January 2006
MIND CTI Ltd. (NasdaqNM:MNDO - News), a leading provider of convergent end-to-end billing and customer care solutions for VoIP, Mobile, 3G and Triple-play carriers worldwide, will release financial results for its fourth quarter and full year ended December 31, 2005 on Monday, February 20, 2006, after the market close. Based upon preliminary information, MIND expects to report revenue for the fourth quarter of approximately $4.6 million and operating income close to 20%.
Monica Eisinger, MIND chairperson and chief executive officer, commented: "I am pleased with our achievements in the fourth quarter, our revenue growth of over 15% sequentially and the improved operating income that is close to our target of 20%. The strategic acquisition of Sentori strengthened our presence in the US and in the mobile market, resulting in an increased pipeline. The integration of the two businesses is proceeding according to plan. During the quarter we completed deployments for some existing orders and had some new wins, which we expect to lead to growth in the coming quarters."
Conference Call Information
MIND will host a conference call on Tuesday, February 21, at 8:30 a.m., Eastern Time, to discuss the Company's fourth quarter and full year results and other financial and business information, including trends and guidance for the near future. The call will be carried live on the Internet via www.fulldisclosure.com and the MIND website, www.mindcti.com. For those unable to listen to the live web cast, a replay will be available.
About MIND
MIND CTI Ltd. is a leading provider of scalable and cost-effective end-to-end billing and customer care solutions for VoIP, Mobile, 3G and Triple-play carriers worldwide. Since 1997 MIND has been a pioneer in enabling the VoIP technology for emerging and incumbent service providers. In August 2005 MIND acquired Sentori, Inc., a US based provider of customer care and billing solutions to wireless carriers and mobile virtual network operators (MVNO's). MIND operates from offices in Europe, Israel, the United States and China. For financial information, reports and presentations, please visit the Investor Relations site: http://www.mindcti.com/ir
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:
For more information please contact:
Andrea Dray
MIND CTI Ltd.
Tel: +972-4-993-6666
Email Contact
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Source: MIND CTI Ltd.
Source: Market Wire
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