MTSL MER Telemanagement Solutions Ltd

RA'ANANA, Israel, February 5 /PRNewswire-FirstCall/ -- MTS - Mer Telemanagement Solutions Ltd. (NASDAQ:MTSLNASDAQ:-NASDAQ:News), a global provider of business support systems (BSS) for comprehensive telecommunication management and customer care & billing (CC&B) solutions, today announced that on February 3, 2009 it received a letter from NASDAQ that the Staff has determined that the Company has regained compliance with NASDAQ Marketplace Rule 4350(i)(1)(C)(ii), that requires the Company to obtain shareholder approval prior to the issuance of more than 20% of its outstanding shares in connection with the acquisition of the assets of another company. On December 30, 2008, the Company acquired substantially all of the asset of AnchorPoint, Inc., for a total of 25% of the Company's outstanding shares on a post-transaction basis (excluding shares issued in a private placement in September 2008). As permitted under NASDAQ Marketplace Rule 4350(a)(1), the Company, a foreign private issuer, elected to follow its home country practice, which does not require shareholder approval for such an issuance, instead of Rule 4350(i)(1)(C)(ii). Under NASDAQ Marketplace IM-4350-6, a foreign private issuer that elects to follow home country practice instead of a NASDAQ requirement must submit to NASDAQ, in advance, a written statement from an independent counsel in its home country certifying that its practices are not prohibited by the home country's laws. The Company did not timely submit the required attestation to NASDAQ and subsequently submitted such attestation on January 22, 2009. Accordingly, the Staff determined that the Company has regained compliance with NASDAQ Marketplace Rule 4350(i)(1)(C)(ii), subject to the issuance of this public announcement. About MTS Mer Telemanagement Solutions Ltd. 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 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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