RA'ANANA, Israel,
Feb. 6, 2017
/PRNewswire/-- MTS – Mer Telemanagement Solutions
Ltd. (Nasdaq Capital Market: MTSL), a global provider of mobile
virtual network enabler (MVNE), mobile money and telecommunications
expense management (TEM) solutions and services, today announced
that Orey Gilliam, the Company's
Chief Executive Officer, has decided to leave the Company effective
April 30, 2017. Mr. Alon Mualem, the Company's Chief Financial
Officer, will serve as Chief Executive Officer on an interim basis,
effective immediately. A search for a new Chief Executive Officer
will be conducted.
Haim Mer, Chairman, said: "Orey
and I have found that we have different views about the future
direction of the company and the next steps necessary for its
evolution. I value Orey's leadership and strategic vision and am
appreciative of his contributions and service to our company. We
all wish him the best in his future endeavors," concluded Mr.
Mer.
Mr. Gilliam, who will be available to consult on ongoing matters
during the interim period, said "It was a short, challenging and an
enjoyable ride – I wish MTS all the best."
About MTS
Mer Telemanagement Solutions Ltd. (MTS) provides video
advertising solutions for online and mobile platforms and TEM and
billing solutions and services.
MTS's Vexigo (http://www.vexigo.com) subsidiary creates highly
sophisticated video advertising solutions for online and mobile
platforms, and leverages them to offer advertising optimization
services to advertisers and website owners.
MTS's telecommunications business provides innovative products
and services for enterprises in the areas of telecom expense
management (TEM), enterprise mobility management (EMM), mobile
virtual network operators/enablers (MVNO/MVNE) and IOT/M2M
enablement for mobile service providers.
Headquartered in Israel, MTS
markets its solutions through wholly-owned subsidiaries in
Israel, the U.S. and Hong Kong, as well as through distribution
channels.
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.
Company Contact:
Alon Mualem
Tel: +972-9-7777-540
Email: Alon.Mualem@mtsint.com
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SOURCE Mer Telemanagement Solutions Ltd. (MTS)