INDIANAPOLIS, July 8, 2005 (PRIMEZONE) -- CTI Group (Holdings) Inc. (OTCBB:CTIG) announced the appointment of John Birbeck as Chairman of the Board, replacing Harold Garrison, who will assume the position as Vice Chairman of the Board. Bengt Dahl also joins the Board and Michael Leeds, previous Vice Chairman has tendered his resignation from the Board of Directors.
Mr. Birbeck has served as our director since June, 2001 and possesses over 20 years experience of growing companies in the data and telecommunications industries. Mr. Birbeck has also been involved in the expansion of the Internet; he was a founder and director of Scorpion Logic, which was acquired by Bay Networks. In 1997, Mr. Birbeck founded and served as a director of Network Alchemy Ltd, developing the first, award winning, VOIP system for the SMB market. Network Alchemy Ltd. was successfully acquired by Avaya Communications where its IP Office has become the cornerstone of their SMB business. From 2000 until 2001, Mr. Birbeck served as a director of Avaya Communications. Since 2001, Mr. Birbeck has been working as a consultant advising new technology start-up companies in the United Kingdom. Mr. Birbeck was also a founder and director of Seer Ltd. in 2001, a provider of sales performance enhancement software and consulting services.
Mr. Dahl has over thirty years of extensive experience managing growth in medium-sized companies. Through his company, Juvenis Merchant Partners AB, Mr. Dahl is now representing different international investors in addition to his role as advisor and working Chairman of Fairford Group. Prior to the creation of Juvenis, Mr. Dahl served as President of a Swedish venture capital company for a period of ten years. He currently serves as a director on a number of private and public European companies including: Ballingslov Int'l AB, Emano AB, Norrskog Wood Products AB, Axel Christiernsson Int'l AB and Fairford Holdings Scandinavia AB.
Commenting on the appointment of John Birbeck and Bengt Dahl, Brad Houlberg, President and CEO, said "John's experience leading companies in new technology, high growth environments will be invaluable during the evolution into new e-business markets. His software industry background and customer-centric focus are important attributes which will benefit the Company. Bengt's seasoned leadership experience and strong financial expertise will assist the company in sound rapid-growth decision making. The management team looks forward to working with John and Bengt and leveraging their knowledge to boost the company's growth."
CTI Group (Holdings) Inc. is an international provider of next-generation invoice processing, business analysis and, telemanagement solutions for telecommunications service providers and their enterprise customers. CTI Group's SmartBill(r)Connect, and Proteus product suites offer a full array of solutions for telecommunications usage analysis, management, and electronic invoice receipt, processing and payment. CTI Group's products are in daily use by some of the top service providers in North America and the United Kingdom, and play a key role in managing telecommunication costs at Fortune 500, Times 100 enterprises and government systems around the world. Headquartered in Indianapolis, CTI Group includes additional R&D, support and sales facilities in London to service the EMEA market. For more information, please visit CTI Group's website at www.ctigroup.com.
This press release contains "forward-looking" statements. Forward-looking statements include, but are not limited to statements of assumptions underlying other statements and statements about the Company and its business relating to the future; and any statements using the words "could", "should", "anticipate", "expect", "may", "project", "intend", "will" or similar expressions. The Company's ability to predict projected results or the effect of events on the Company's operating results is inherently uncertain. Forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those discussed in this document. In addition to information provided elsewhere in this document, shareholders should consider the following: the risk that the Company will not be able to attract and retain customers to purchase its products, the risk that the Company will not be able to commercialize and market products; results of research and development; technological advances by third parties; competition; future capital needs of the Company; history of operating losses; dependence upon key personnel and general economic and business conditions. Readers are referred to documents filed by CTI Group with the U.S. Securities and Exchange Commission.