MTSL MER Telemanagement Solutions Ltd

RA'ANANA, Israel, March 19 /PRNewswire-FirstCall/ -- MTS - Mer Telemanagement Solutions Ltd. (NASDAQ:MTSL), a global provider of business support systems (BSS) for comprehensive telecommunication management and customer care & billing (CC&B) solutions, today announced that on March 17, 2008 it was notified that the NASDAQ Hearings Panel has determined to continue the listing of the Company's ordinary shares on The NASDAQ Stock Market, subject to the conditions that: (i) by March 31, 2008, the Company file with the Securities Commission and NASDAQ a Form 6-K that includes an affirmative statement that as of the date of the filing, the Company is compliant with the shareholders' equity requirement of the NASDAQ Stock Market and discloses all the conditions upon which the Panel has granted the Company continued listing; and (ii) by May 16, 2008, the Company files with the Securities and Exchange Commission and with NASDAQ a Form 6-K that includes financial statements for the quarter ending March 31, 2008 and demonstrates more than $2.5 million in actual (not pro forma) shareholders' equity. If the Company does not satisfy the two preceding conditions, the Company's shares will be delisted. If the Company meets the two preceding conditions, the Panel will find the Company in compliance with the shareholders' equity requirement, and, pursuant to its discretionary authority under NASDAQ Marketplace Rule 4300, will impose a Panel Monitor. Under the Panel Monitor, the Company's continued listing is conditioned upon the Company filing, within 45 days of the end of each fiscal quarter ending on or before March 31, 2009, a Form 6-K with the Securities and Exchange Commission and NASDAQ that includes financial statements for the prior quarter and demonstrates compliance with the $2.5 million minimum shareholder's equity continued listing requirement. If the Company fails to demonstrate shareholders' equity of $2.5 million or greater, the Panel (or a newly-convened Panel if the initial Panel is unavailable) will review the matter and the Company's shares may be immediately delisted from The NASDAQ Stock Market. The Company estimates that it had shareholders' equity of approximately $2.6 million as of February 29, 2008 and believes that it will be in compliance with The NASDAQ Stock Market's minimum shareholders' equity requirement for continued listing on The NASDAQ Capital Market as of March 31, 2008. About MTS Mer Telemanagement Solutions Ltd. (MTS) is a worldwide provider of innovative solutions for comprehensive telecommunications expense management (TEM) used by enterprises, and for business support systems (BSS) used by information and telecommunication service providers. Since 1984, MTS Telecommunications' expense management solutions have been used by thousands of enterprises and organizations to ensure that their telecommunication services are acquired, provisioned, and invoiced correctly. In addition, the MTS's Application Suite has provided customers with a unified view of telecommunication usage, proactive budget control, personal call management, employee cost awareness and more. MTS's solutions for Information and Telecommunication Service Providers are used worldwide by wireless and wireline service providers for interconnect billing, partner revenue management and for charging and invoicing their customers. MTS has pre-configured solutions to support emerging carriers of focused solutions (e.g. IPTV, VoIP, MVNO) to rapidly install a full-featured and scaleable solution. MTS's unique technology reduces integration risks and lessens revenue leakage by using the very same system to manage retail and wholesale business as well as supporting multiple business units. Total cost of ownership (TCO) is reduced by providing web-based customer self-care and provisioning. Headquartered in Israel, MTS markets its solutions through wholly owned subsidiaries in the United States, Hong Kong, The Netherlands, and Brazil, as well as through OEM partnerships with Siemens, Phillips, NEC and other vendors. MTS shares are traded on the NASDAQ Capital Market (symbol MTSL). For more information please visit the MTS web site: http://www.mtsint.com/. Contacts: Company: Alon Mualem CFO Tel: +972-9-762-1733 Email: DATASOURCE: MTS-MER Telemanagement Solutions Ltd CONTACT: Contacts: Company: Alon Mualem, CFO, Tel: +972-9-762-1733, Email:

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