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| Press Release - August 16, 2004 |
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Yoqneam, Israel, August 16, 2004 MIND Wins Three New Large Deals MIND CTI Ltd. (NASDAQ: MNDO), a leading global provider of real-time mediation, rating, billing and customer care solutions for prepaid and post-paid voice, data and video, today announced it has won three new large deals in three different continents. “For the last two years we have focused on the diversification of our revenue stream both from different market segments: traditional carriers, VoIP and Wireless IP as well as from different geographies. We have maintained a global presence and have increased our workforce to enable supporting of the larger prospects in our pipeline as they turn into new projects. These last wins show how MIND solutions are gaining market share”, said Monica Eisinger, President and CEO of MIND CTI. “We continue to experience increased interest in our solutions and we expect to meet our goal of sequential growth.” The wins include an end-to-end solution for a large prepaid VoIP carrier, supporting the billing needs of a traditional carrier and an IP service enabling solution for a wireless carrier. Each of the projects will be implemented during two to four quarters with several milestones. MIND may release more information regarding one or more of these projects in due course. About MIND MIND is a leading global provider of real-time mediation, rating, billing and customer care solutions for pre-paid and post-paid voice, data and content. Our customers include worldwide leading carriers servicing millions of subscribers, using our end-to-end solutions for the deployment of new services. MIND operates from offices in the United States, Europe, China and Israeli headquarters. 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. For more information please contact:
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