| News | | | About | | | Billing & Customer Care | | | Call Accounting | | | Investor Relations | | | Contact Us |
| Investor Relations |
| - Investor Information |
| - Management Team |
| - Calendar of Events |
| - MIND Press Releases |
| - SEC Filings |
| - Annual General Meeting Materials |
| - Stock Quote |
| - Annual Reports |
| - Info Request |
| Press Release - October 7, 2002 |
|
Yoqneam, Israel, October 7, 2002 MIND CTI Ltd. Meets Break-Even Target Ahead of Schedule Quarterly Conference Call Scheduled for Tuesday, at 9:00 a.m. ET MIND C.T.I. (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 preliminary results for the third quarter ended September 30, 2002. Consistent with prior expectations of sustainable revenue levels, MIND expects to report revenues of $2.4 to $2.5 million for Q3 2002. Furthermore, MIND continued to reduce operating expenses and expects that the Q3 final results will show that the break-even point was reached a quarter earlier than expected. Monica Eisinger, MIND’s President and CEO, commented: “Given the difficult market environment and the telecommunications vendors recent results, we are pleased with our ability to improve our bottom-line results. We anticipate that revenue levels of Q3 2002 will be sustainable in the current market environment. We expect to return to profitability during Q4 2002, with the help of financial income, and anticipate that starting Q1 2003 we will see further improvement in our results, including breaking-even from operations.” MIND will report its full financial results for the third quarter before the Nasdaq opens on October 22, 2002. A conference call to discuss these results will be held the same day at 9:00 AM ET. For more information, please visit http://www.mindcti.com. 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 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 future results may differ materially. They involve uncertainties, assumptions, and risks, including worsening of the global economy and the telecom market, and the risks discussed in the Company's filings with the United States Securities Exchange Commission. For more information please contact:
|
