Contact Information: For more information please contact: Andrea Dray MIND CTI Ltd. Tel: +972-4-993-6666 Email Contact
MIND CTI Announces Record Date and Payment Date of Cash Dividend of 20 Cents per Share
| Source: MIND CTI Ltd.
YOQNEAM, ISRAEL -- (MARKET WIRE) -- February 26, 2007 -- MIND C.T.I. LTD. (NASDAQ : MNDO ), a leading
provider of convergent end-to-end billing and customer care product based
solutions for tier 2 and tier 3 carriers worldwide, today announced the
record date and payment date of the previously announced cash dividend.
The Company announced today the details of its previously declared and
announced cash dividend of $0.20 per share. According to the pre-ruling
received from the Israeli Tax Authority, tax will be withheld at a rate of
20%. This pre-ruling applies only to this particular dividend and not to
future dividends, if any.
The record date for the dividend will be March 14, 2007 and the payment
date will be March 28, 2007.
About MIND
MIND CTI Ltd. is a leading provider of convergent prepaid and postpaid
end-to-end billing and customer care solutions for VoIP, Mobile, Wireline
and Quad-play carriers worldwide. Since 1997 MIND has been a pioneer in
enabling the VoIP technology for emerging and incumbent service providers.
In August 2005 MIND acquired Sentori, Inc., a US-based provider of customer
care and billing solutions to wireless carriers and mobile virtual network
operators (MVNOs). Sentori, Inc. brings over ten years of wireless
experience and seven years of a wireless operational solution to carriers.
A global company, MIND operates from offices in Europe, Israel and the
United States. MIND employs over 300 IT professionals and serves customers
in more than 40 countries around the world. For financial information,
reports and presentations, please visit the Investor Relations site:
http://www.mindcti.com.ir
Cautionary Statement for Purposes of the "Safe Harbor" Provisions of the
Private Securities Litigation Reform Act of 1995: All statements other than
historical facts included in the foregoing press release regarding the
Company's business strategy are "forward-looking statements." These
statements are based on management's beliefs and assumptions and on
information currently available to management. Forward-looking statements
are not guarantees of future performance, and actual results may materially
differ. The forward-looking statements involve risks, uncertainties, and
assumptions, including the risks discussed in the Company's filings with
the United States Securities Exchange Commission. The Company does not
undertake to update any forward-looking information.