MIND CTI Reports Results for Q3 2011

Revenue Distribution for Q3 2011Sales in the Americas represented 49.5 % and sales in Europe represented 36.0 % of total revenue and the rest divided between Israel, Africa and Asia-Pacific.

Revenue from customer care and billing software totaled $3.57 million, during revenue from enterprise call accounting software was $1.06 million.

New Win & Follow-on OrdersThe new win is with an Israeli MVNO in other words expected to offer cellular services in Israel's communication market starting 2012. MIND will supply a complete MVNO-in-a-box solution, including the platform required as then as all the integration and implementation services.

MIND's existing satisfied clients initiate each quarter follow-on orders mainly for support of new business models or additional functionality and we proudly announce multiple such orders this quarter as then.

Monica Iancu, Chairperson and CEO, commented: "We are excited to have been selected for the second time by an Israeli MVNO. We believe that this win afterwards a long selection process was mainly based on our proven delivery execution. We expect to complete this project just in time and within budget, such as we did with our previous implementations."

About MINDMIND CTI Ltd. is a leading provider of convergent end-to-end billing and customer care product based solutions for service providers as then as telecom expense management solutions. MIND provides a complete range of billing applications for any business model for Wireless, Wireline, VoIP (Voice over Internet Protocol) and Quad-play carriers in more than 40 countries around the world. A global company, with over twelve years of experience in providing solutions to carriers and enterprises, MIND operates from offices in the United States, UK, Romania and Israel.