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| Press Release - March 30, 2005 |
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Yoqneam, Israel, March 30, 2005 MIND CTI EXPECTS EPS OF $0.03 FOR Q1 2005 MIND Will Report Q1 2005 Results on April 20, 2005 AMC MIND CTI Ltd. (Nasdaq: MNDO), a leading global provider of real-time mediation, provisioning, rating, billing and customer care solutions for pre-paid and post-paid voice, data and video, today announced that, based on preliminary estimates, the company expects revenue for the first quarter of 2005 to be approximately $3.0 million. The company anticipates that it will break even in its results from operations and that its financial income will contribute 3 cents to the EPS. Monica Eisinger, President and CEO, commented: “Although we have been experiencing robust activity worldwide, including five new customer wins in this quarter, the concerns that we mentioned in last quarter’s earnings release were realized. Specifically, the timing of our revenue recognition was delayed with respect to the two large wins mentioned in that release and with respect to two additional new wins. Two large upgrades that were expected to be closed this quarter were also delayed. All of these delays were due to internal issues involving the customer or its hardware vendors and not problems attributable to MIND or our products. In addition, our financial income was lower this quarter, affected by exchange rate fluctuation and interest amounts received. At the same time, MIND maintains its business model, leveraging on our existing large customer base, global presence and versatile product portfolio.” Conference Call Information MIND will host a conference call on April 21, 2005 at 8:30 a.m., Eastern Standard Time, to discuss the Company's first quarter and other financial and business information. 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. (http://www.mindcti.com) is a leading global provider of real-time billing and customer care solutions for pre-paid and post-paid voice, data and video. Since 1997 MIND has been a pioneer in enabling the VoIP technology for emerging and incumbent service providers. MIND solutions include “best-in-class” solutions for Service Enabling of IP services in the wireless arena, end-to-end convergent billing solutions and internal billing for large enterprises. 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. For more information please contact:
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