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| Press Release - April 7, 2004 |
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Yoqneam, Israel, April 7, 2004 Inclarity Selects MIND CTI for Billing of Broadband Telephony Inclarity, a leading communications provider in the United Kingdom and MIND CTI Ltd. (NASDAQ: MNDO), a leading global provider of real-time mediation, rating, billing and customer care solutions for pre-paid and post-paid voice, data and content, today announced that Inclarity has selected MIND’s Billing solution for its Broadband Telephony service. The solution enables Inclarity to offer its Broadband Telephony channel partners a sophisticated and flexible billing system, easily customized to meet the business needs of the channel. By integrating MIND's billing solution, Inclarity now offers a fully automated billing process for its Broadband Telephony service. The system directly integrates with the Broadband Telephony System Management tool, so that service provisioning and updates automatically filter through to billing records in real time. This system enables Inclarity to provide outsourced billing services that put their channel partners and resellers in full control of Broadband Telephony retail pricing. In line with Inclarity's wholesale, streamlined provisioning of Broadband Telephony, the billing system enables channel partners and resellers to take the service to market immediately, offering their own customized service, pricing and promotions without having to dedicate resources to provisioning and billing. The system provides comprehensive tracking and online reporting of calls to and from the PSTN and those between Broadband Telephony subscribers. Channel partners can then use this information to illustrate the cost savings of free, on-net calls, or to charge their customers for these calls, making 100% profit from the additional revenue stream. Eyal Itah, VP R&D, Inclarity commented: "The flexibility of MIND’S telco-grade billing solution perfectly matches our wholesale, streamlined business model. By integrating MIND’s system with our Broadband Telephony provisioning tools, we can now offer automated billing without the need for human intervention while putting complete pricing freedom in the hands of the channel." Ilan Melamed, VP Sales, MIND commented. "We are pleased to be selected by Inclarity, one of the fastest growing technology companies in the UK. Wholesale telephony is a very competitive landscape and MIND equips Inclarity with a solution that maximizes profitability and provides their partners with a fully outsourced, telco-grade billing solution." About Inclarity Inclarity's business is to vastly enhance communications solutions. Inclarity's Voice and Data division works hand in hand with partners in emerging markets to bring these markets into a communications-efficient state. Inclarity's Advanced Communications division delivers a range of sophisticated communications solutions, including the next-generation Broadband Telephony service. In 2003, Inclarity was ranked as the 22nd fastest growing company in the UK (Sunday Times ARM Tech Track) and the 109th fastest growing company in Europe (Fast 500 Europe). www.inclarity.co.uk / www.broadbandtelephony.com / www.ipass.co.uk 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 information about MIND and its products visit the company Web site: http://www.mindcti.com 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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