RA'ANANA, Israel, November 26, 2010 /PRNewswire-FirstCall/ -- MTS -
Mer Telemanagement Solutions Ltd. (Nasdaq Capital Market: MTSL), a
global provider of business support systems (BSS) for comprehensive
telecommunication management, telecommunications expense management
(TEM) solutions and customer care & billing (CC&B)
solutions, today announced that on November
15, 2010, it received a notice from The NASDAQ Stock Market
stating that the minimum market value of its publicly held shares
had been $1,000,000 or greater for 10
consecutive business days and that the Company had therefore
regained compliance with NASDAQ Marketplace Rule 5550(a)(5). On
June 28, 2010, the Company was
notified that its ordinary shares had failed to maintain a minimum
market value of publicly held shares of $1,000,000 for 30 consecutive business days and
was therefore not in compliance with Marketplace Rule
5550(a)(5).
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.
AnchorPoint TEM solutions that MTS acquired on December 2008 enable enterprises to gain
visibility and control of strategic assets that drive key business
processes and crucial competitive advantage. The AnchorPoint's
software, consulting and managed services solutions - including
integrated Invoice, Asset, and Usage Management and Business
Analytics tools -- provide professionals at every level of the
organization with rapid access to concise, actionable data.
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, WiMAX, MVNO) to rapidly install a full-featured and
scaleable solution.
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. For more information please visit the MTS web site:
http://www.mtsint.com.
Certain matters discussed in this news release are
forward-looking statements that involve a number of risks and
uncertainties including, but not limited to, risks in product
development plans and schedules, rapid technological change,
changes and delays in product approval and introduction, customer
acceptance of new products, the impact of competitive products and
pricing, market acceptance, the lengthy sales cycle, proprietary
rights of the Company and its competitors, risk of operations in
Israel, government regulations,
dependence on third parties to manufacture products, general
economic conditions and other risk factors detailed in the
Company's filings with the United States Securities and Exchange
Commission.
Contacts:
Company:
Alon Mualem
CFO
Tel: +972-9-7777-540
Email: Alon.Mualem@mtsint.com
SOURCE MTS-MER Telemanagement Solutions Ltd