RA'ANANA, Israel, October 24 /PRNewswire-FirstCall/ -- MTS - Mer Telemanagement Solutions Ltd. (Nasdaq Capital Market: MTSL), a global provider of business support systems (BSS) for comprehensive telecommunication management and customer care & billing solutions, will announce its results for the third quarter 2007 financial results on Wednesday, November 7, 2007. A conference call is scheduled for 11:00 a.m. EST/6:00 p.m. Israel time on Wednesday, November 7 . To access the conference call, please dial +1-800-8602442 (U.S.), +1-412-8584600 (international), at least 10 minutes prior to commencement of the call. Reference the MTS conference call or conference ID #MTS. On the call, Eytan Bar, President and Chief Executive Officer, and Alon Mualem, Corporate Chief Financial Officer, will review the company's financial results for the third quarter 2007. In addition, management will be available for questions from the investment community. A replay of the call will be available from November 7 through 11:59 p.m. EST on November 14. To access the replay, please dial +1-800-8602442 About MTS Mer Telemanagement Solutions Ltd. (MTS) is a global provider of business support systems for comprehensive telecommunication management and customer care & billing solutions. MTS' business support system is a full-featured customized solution for telecommunications management, Interconnect and customer care & billing. Its telecommunications expense management solution is used by corporations and organizations to improve the efficiency and performance of all telecommunication and information technology operations, and to significantly reduce associated costs. Its service providers and carriers solutions are used to support sophisticated billing, web-based self-provisioning, partners management and interconnect billing. Headquartered in Israel, MTS markets through wholly owned subsidiaries in the United States, Hong Kong, Holland, and Brazil, and 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/ 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. For further information, please contact: Alon Mualem Corporate CFO MTS - MER Telemanagement Solutions Tel: +972-9762-1733 Email: DATASOURCE: MTS-MER Telemanagement Solutions Ltd CONTACT: For further information, please contact: Alon Mualem, Corporate CFO, MTS - MER Telemanagement Solutions, Tel: +972-9762-1733, Email:

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