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MIND C.T.I. LTD. (NASDAQ: MNDO), a leading provider of convergent prepaid and postpaid end-to-end billing and customer care solutions for VoIP, Mobile, 3G and Triple-play carriers worldwide, today announced that Technology Marketing Corporation (TMC(R))'s INTERNET TELEPHONY(R) magazine has recognized MIND-iPhonEX with a 2005 Product of the Year Award.

INTERNET TELEPHONY has been the VoIP Authority Since 1998(TM).

In 2005, MIND launched its IMS ready and Diameter capable MIND-iPhonEX SIP Application Server as an integral part of MIND-iPhonEX solution suite. The SIP and Diameter capabilities fully integrated within MIND-iPhonEX's convergent end-to-end BSS/OSS solutions environment, awarded MIND-iPhonEX with the TMC INTERNET TELEPHONY Product of the Year 2005.

"MIND-iPhonEX OSS/BSS solutions continue to innovatively be instrumental in the explosive growth of VoIP and the larger IP telephony industry this year," said Rich Tehrani, Group Publisher and Editor-in-Chief of INTERNET TELEPHONY(R) Magazine. "From the pioneering introduction of its VoIP billing solutions back in 1997, MIND has consistently been viewed as an innovator and leader in the IP convergent prepaid and postpaid billing, and is now well positioned to capitalize on the accelerating investment in next-generation services around the globe. We are proud to recognize MIND's ongoing commitment to product excellence with the 2005 Product of the Year Award."

The MIND-iPhonEX solution for IP services supports both prepaid and postpaid subscribers. The real-time interaction with the network elements enables MIND-iPhonEX to control the call and cut it off as the customer's balance bottoms out. The MIND-iPhonEX balance manager enables simultaneous usage of multiple services on a single, centralized balance and provides up-to-the-minute account information for both, subscribers and CSRs. Using the WebClient application, CSRs can easily create, search and modify accounts, view account activities, balances and invoices and manage support tickets. Customers are able to manage their own accounts, register to new services, and make payments online. Full billing capabilities including invoice generation and shipment, A/R management, debt collection and G/L interfaces with accounting systems, are inherent to the MIND-iPhonEX comprehensive solution.

"We are honored to receive the 2005 Internet Telephony Product of the Year Award," said Isaac Eldar, VP Marketing and Business Development at MIND. "This is the third time TMC's Internet Telephony Magazine has recognized MIND and our IP Solution. It clearly demonstrates MIND's consistency in building and extending our vision and leadership through ongoing product innovation in line with the needs and priorities of our service provider customers."

About INTERNET TELEPHONY(R) Magazine
The convergence of voice, video, fax, and data has revolutionized the world of telecommunications. Internet telephony has been proven to drastically reduce long-distance costs and continues to provide unprecedented opportunities for service providers, resellers, developers, and end users alike. INTERNET TELEPHONY(R) is the only magazine that focuses on providing the information that will help you take advantage of this exciting technology. Launched as a quarterly publication in January 1998, INTERNET TELEPHONY(R) magazine has been published monthly since October 1998. Still the only BPA-audited publication dedicated solely to coverage of next-generation, IP-based telecommunications, INTERNET TELEPHONY(R) provides readers with the best information necessary to learn about and purchase the equipment, software, and services they need to take advantage of Internet telephony.

About MIND
MIND CTI Ltd. is a leading provider of convergent 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 and the United States. 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:

• Andrea Dray
  MIND CTI Ltd.
  Tel: +972-4-993-6666
  investor@mindcti.com
  
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