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| Press Release - April 14, 2004 |
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Yoqneam, Israel, April 14, 2004 Sabanci Telekom Selects MIND for New VoIP Network In Turkey Sabanci Telekom, a wholly owned subsidiary of Sabanci Holding (a Turkish conglomerate with annual revenues of over $12.4 billion USD) and the first private and new generation telecom operator of Turkey, and 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 content, today announced that Sabanci Telekom has selected MIND to provide Billing and Customer Care for its new VoIP network. Sabanci Telekom, a wholly owned subsidiary of Sabanci Holding, is a new generation telecom provider in Turkey which currently provides data and internet services and also plans to offer competitive voice services to both corporate customers and end-users. As part of the deregulation of Turkey’s telecom market, new carriers will be allowed to offer national and international long distance calls services. Sabanci Telekom has selected VoIP technology and is deploying a next-generation network throughout Turkey. The project is planned to last during the entire year with several milestones. MIND provides Sabanci Telekom with a market-proven, flexible billing and customer care solution that allows Sabanci Telekom to significantly shorten time-to-market and create competitive business models with flexible pricing options for both corporate customers and end users. MIND’s real-time capabilities, interoperable with the VoIP equipment vendor, enable the deployment of prepaid one time and rechargeable cards, post-paid calling cards and limited credit services. MIND-iPhonEX's highly scalable, open and modular architecture enables unlimited growth and seamless integration with other systems and applications, supporting network and service expansion. “MIND’s proven VoIP record allows us to rapidly deploy our service and see immediate return of investment on our infrastructure” said Mr. H.Cagatay Ozdogru, CEO of Sabanci Telecom, “The liberalization of the telecom market, gives us the opportunity to win millions of customers. Our long term agreement with MIND equips us with the needed convergent billing technology to become the lead telecom operator in Turkey.” “We are extremely honored to be selected by Sabanci Telekom. The enormous potential of Turkey’s telecom market makes Sabanci one of our strategic customers in future years” said Monica Eisinger, President and CEO of MIND CTI. “It is another testimony to our product-based technology providing a lower total cost of ownership, reducing implementation and customization costs as well as minimizing on going operation costs.” About Sabanci Telekom Sabanci Telekom is the first private telecommunication operator of Turkey and is part of the Sabanci Group of over 60 companies, many of which are market leaders in their respective sectors. Sabanci Group companies currently operate in 11 countries, and offer services including banking, insurance, retailing, manufacturing, information and telecommunications throughout EMEA (Europe, the Middle East and Africa), North and South America, and parts of Asia. Sabanci Telekom provides all kinds of telecommunication services to end-users and corporations with its advanced technology and large infrastructure. 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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