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| Press Release - December 24, 2002 |
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Yoqneam, Israel, December 24, 2002
MIND CTI Expects EPS of $0.02 to $0.03 for Q4 2002
MIND CTI Shares to be Added to the Tel Aviv Teltech Index
MIND Will Report Q4 2002 and Year-End Results on February 13, 2003
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 that effective January 1, 2003 its shares will be included on the Tel Aviv Teltech index. The company dual listed its shares on the Tel Aviv Stock Exchange (TASE) in July 2002 under the symbol MNDO.
The Teltech index reflects the performance of 33 listed companies from the electronics, computers and life sciences sectors as well as publicly traded venture capital funds. A number of index mutual funds invest in Teltech shares, offering investors an effective way to participate in the market's growth.
Monica Eisinger, MIND’s President and CEO, said: “The dual listing on both Nasdaq and TASE is anticipated to benefit our company, while incurring minimal additional overheads. We expect our inclusion in the Teltech index to increase public interest in MIND and its shares.“
“As year 2002 draws near to its end, we wish all of you a peaceful and prosperous 2003,” added Eisinger. “We are pleased to announce that we expect the results of Q4 2002 to meet our expectations of sustainable revenue. We end the challenging 2002 with multiple major wins around the world and another profitable quarter, with expected $0.02 to $0.03 net profit per share.”
MIND will report its full financial results for the fourth quarter and 2002 year end on February 13, 2003. 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 prepaid 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 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.
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