ROSH HA'AYIN, Israel, June 23, 2008 (PRIME NEWSWIRE) -- TTI Team Telecom International Ltd. (Nasdaq:TTIL) ("TTI Telecom"), a global supplier of Operations Support Systems (OSS) to communications service providers, today announced that it will hold a Special General Meeting of Shareholders on Tuesday, July 29, 2008 at 5:00 p.m. Israel time, at the offices of the Company, 12 Amal Street, Afek Park, Rosh Ha'ayin, Israel (the "Meeting"). The record date for the Meeting is June 27, 2008. TTI Telecom will send its shareholders of record a proxy statement describing the matters to be voted upon at the Meeting, along with a proxy card enabling them to indicate their vote on each matter. TTI Telecom will also file the proxy statement with the Securities and Exchange Commission in the next few days.
The following matters are on the agenda of the Meeting:
(1) To approve an increase in compensation paid to the Company's
non-employee directors; and
(2) To transact such other business as may properly come before
the Meeting or any adjournment thereof.
Item 1 requires the approval of a simple majority of the shares voted on the matter.
About TTI Telecom:
TTI Team Telecom International Ltd. ("TTI Telecom") is a leading provider of next generation Operations Support Systems (OSS) to communications service providers worldwide. The company's Netrac portfolio delivers an automated, proactive and customer-centric approach to service assurance and network management.
Anchored by market-leading service assurance solutions - Fault Management (FaM) and Performance Management (PMM) - that give customers an end-to-end view of their network, TTI Telecom's Netrac enables service providers to reduce operating costs, enhance profitability and launch new, revenue-generating services more rapidly. Netrac is compatible with multiple technologies and industry standards, and is uniquely positioned to bridge legacy, next-generation, convergent, and IMS Networks. TTI Telecom's customer base consists of tier-one and tier-two service providers globally, including large incumbents in the Americas, Europe and Asia-Pacific.
Forward-looking statements in this release involve a number of risks and uncertainties including, but not limited to, product demand, pricing, market acceptance, changing economic conditions, risks in product and technology development, the effect of the Company's accounting policies as well as certain other risk factors which are detailed in the Company's SEC filings.