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| Press Release - June 19, 2002 |
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Yoqneam, Israel and Milan, Italy, June 19, 2002 H3G Selects MIND CTI to Bill 3G Services H3G Italy Purchases MIND’s Authentication, Authorization and Mediation Platform H3G, the first multimedia mobile operator in Italy, and MIND CTI Ltd. (NASDAQ: MNDO), a leading developer and worldwide provider of billing and customer care, today announced the signing of a multi-year contract for the delivery of MIND’s solution for 3G mobile services in Italy. The MIND-iPhonEX solution for H3G is an integral part of the SES – Services Enabler System – one of the critical components within the H3G network. MIND-iPhonEX enables diverse content services for prepaid and post-paid subscribers and provides real-time AAA (Authentication, Authorization and Accounting). In particular, for prepaid subscribers the risk of balance overrun is eliminated, even when the services are used simultaneously. MIND-iPhonEX is fully integrated with the best-of-breed components in H3G’s network, interfacing in real-time with the IP network elements and content servers on one hand, and with the back-office (OSS/MIS) applications, such as legacy billing, monitoring and fraud systems on the other hand. “The agreement with MIND CTI is another piece of our strategy to create high-quality technological platforms. The billing system is one of our strengths and a partner like MIND CTI lets us optimize the work that we are completing as we get closer to the launch of our services. Together with the exclusive rights we have obtained, the availability of the most evolved platforms will enable us to present a winning offer to the market,” said Bob Fuller, H3G CEO. “We are delighted to team with H3G, the multimedia mobile operator that plans to launch its services within the fourth quarter of the current year,” said Monica Eisinger, MIND President and CEO, “enabling the roll out of concurrent prepaid and post-paid data and content services. This win is a proof to MIND’s leading position as a 3G Service Enabler.” About H3G Upon obtaining a UMTS license in Italy in November 2000, with an offer of 3,253 million Euro, H3G is now aiming at becoming the first Multimedia Mobile Operator of the Italian market. Hutchison Whampoa is the majority shareholder with 88.2% of the corporate capital, and is joined by first-rate Italian and international players in telecommunications, Internet and new media, publishing and banking, like S. Paolo Imi, CIR, HDP, BMI, Gemina and Tiscali. For further information: http://www.h3g.it About About MIND MIND is a leading global provider of billing and customer care, mediation and prepaid solutions for voice, data and IP services. 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, Japan and Israeli headquarters. For information about MIND and its products visit the company Web site: http://www.mindcti.com 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. They involve risks, uncertainties, and assumptions, including the risks discussed in the Company's filings with the United States Securities Exchange Commission. For more information please contact:
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