MIND CTI to Host Annual Meeting of Shareholders

 | Source: MIND CTI Ltd. MIND CTI Ltd.

YOQNEAM, ISRAEL--(Marketwire - July 24, 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 announces that its 2007 Annual General Meeting of Shareholders will be held on Tuesday, August 28, 2007 at 11:00 A.M. (Israel time), at the offices of the Company, Industrial Park, Building 7, Yoqneam 20692, Israel.

Shareholders of record at the close of business on July 31, 2007 are entitled to vote at the Meeting. All shareholders are cordially invited to attend the Meeting in person. Proxy statements and proxy cards for use by shareholders that cannot attend the meeting in person will be sent by mail to shareholders that hold shares registered with the American Stock Transfer & Trust Company, including shares held via DTC members. Alternatively, pursuant to the Israeli Companies Regulations (Written Ballots and Position Notices), 5766-2005, shareholders are entitled to vote their shares by a Hebrew-language written ballot, the form of which (together with the relevant instructions) may be obtained on the website of the Israeli Securities Authorities at: http://www.magna.isa.gov.il, on the website of the Tel-Aviv Stock Exchange Ltd. at: http://maya.tase.co.il, or directly from the Company.

The agenda of the meeting is as follows: 

(i)      to re-appoint Kesselman & Kesselman, certified public accountants
      in Israel and a member of PricewaterhouseCoopers International
      Limited, as the Company's independent auditors;

(ii)     to re-elect Ms. Monica Eisinger, a member of Class I of the Board
      of Directors of the Company, whose term of office shall expire at
      the 2007 AGM, as a director of the Company;

(iii)    to re-elect Mr. Amnon Neubach, whose term of office expired on
      April 12, 2007, as an outside director of the Company; and

(iv)     to discuss the Company's audited financial statements for the
      year ended December 31, 2006.

The vote required:

Approval of the matters in paragraphs (i) and (ii) above requires the affirmative vote of a majority of the ordinary shares present in person or by proxy or written ballot, and voting on the matter.

Approval of the matter in paragraph (iii) above requires the affirmative vote of a majority of the ordinary shares present, in person or by proxy or written ballot, and voting on the matter, provided that either (a) at least one-third of the ordinary shares of non-controlling shareholders (if any) present, voting in person or by proxy or by written ballot, are voted in favor of the election of the outside director; or (b) the total number of ordinary shares of non-controlling shareholders (if any) voted against the election of the outside director does not exceed one percent of the outstanding ordinary shares.

About MIND

MIND CTI Ltd. is a leading provider of convergent prepaid and postpaid end-to-end billing and customer care solutions for IP networks, 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 eight years of a wireless operational solution to carriers. A global company, MIND operates from offices in Europe, Israel and the United States. MIND employs 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.

Contact Information: For more information please contact: Andrea Dray MIND CTI Ltd. Tel: +972-4-993-6666

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