MTS Names New Corporate COO & CFO
04 Octobre 2004 - 3:30PM
PR Newswire (US)
MTS Names New Corporate COO & CFO - Yossi Brikman to Pursue
Personal Interests - RA'ANANA, Israel, Oct. 4
/PRNewswire-FirstCall/ -- MTS - Mer Telemanagement Solutions Ltd.
(Nasdaq SmallCap: MTSL), a global provider of Operations Support
Systems (OSS) for comprehensive Telecommunication Management and
Customer Care & Billing solutions, today announced that it has
named Mr. Ori Shachar as corporate chief operating officer and
chief financial officer. Mr. Shachar replaces Yossi Brikman, who is
leaving the company following seven years of service to pursue
personal interests. Ori Shachar comes to MTS with more than 10
years of senior-management operations and financial experience,
including technology public company management. Most recently, he
was CFO and COO of Davidoff Howden Insurance Brokers Ltd., a joint
venture specializing in D&O and Professional Indemnity
insurance. Prior to joining Davidoff Howden, Ori served as acting
CFO and corporate controller of Accord Networks Ltd., a
manufacturer of video and voice network products for the converged
network. During his six years with Accord, he supervised the
company's successful 55 million dollar initial public offering and
negotiated ongoing equity and private investments and played a key
role in the company's merger with Polycom, Inc. in 2001. "We are
pleased to welcome Ori Shachar to the MTS team," said Eytan Bar,
president and chief executive officer. "His experience with a
successful high-tech public company is a valuable asset that we
believe will help strengthen MTS' position in the public market. In
his new role, Ori will be responsible for all financial and
administrative activities." Mr. Bar continued, "During his seven
year career with MTS, Yossi Brikman made substantial contributions
to the company, helping to expand its markets and products. Most
recently, his leadership has been key to orchestrating the MTS
turnaround strategy. While we regret Yossi's leaving, we understand
his desire to pursue personal interests." Mr. Brikman said, "My
career at MTS has been rewarding and satisfying, both
professionally and personally. I am confident that the MTS strategy
is sound and will produce successful results in the future. I will
remain on board through the issuance of the third quarter results
to ensure a smooth transition. " About MTS Mer Telemanagement
Solutions Ltd. is a global provider of operations support systems
(OSS) for comprehensive telecommunication management and customer
care & billing solutions. MTS' OSS is a full-featured
customized solution for telecommunications management and customer
care & billing. Its telecommunications enterprise resource
planning (ERP) application suite is used by corporations and
organizations to improve the efficiency and performance of all
telecommunication and information technology (IT) operations, and
to significantly reduce associated costs. Its affordable customer
care and billing (CC&B) solutions are used by service providers
and operators to support sophisticated billing, web-based
self-provisioning and other revenue-generating applications.
Headquartered in Israel, MTS markets through wholly owned
subsidiaries in the U.S., Hong Kong, Holland, and Brazil, and
through OEM partnerships with Siemens, Phillips, and other PABX
vendors. Its legacy call accounting solutions have been installed
by over 60,000 customers in 60 countries. MTS' shares are traded on
the NASDAQ SmallCap 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. DATASOURCE: Mer Telemanagement Solutions
Ltd. CONTACT: Investor Relations, Rachel Levine of The Anne McBride
Company, Inc., +1-212-983-1702 ext. 207, or , for Mer
Telemanagement Solutions Ltd. Web site: http://www.mtsint.com/
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