TTI Telecom Announces Special General Meeting
April 15 2010 - 8:32AM
TTI Team Telecom International Ltd. (Nasdaq:TTIL), ("TTI Telecom'),
a global supplier of Operations Support Systems (OSS) to
communications service providers, today announced that its Special
General Meeting of Shareholders will be held on Thursday, May 20,
2010 at 5:00 p.m. Israel time, at the offices of the Company, 12
Amal Street, Afek Park, Rosh Ha'ayin, Israel. The record date for
the meeting is April 16, 2010. TTI Telecom will send to its
shareholders of record a proxy statement describing the various
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 (SEC) in the next few days.
The agenda of the meeting is as follows:
(1) To approve the grant of an annual bonus
for the year 2009 to Meir Lipshes, the Chairman of the Board of
Directors of the Company and its Chief Executive
Officer; 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.
CONTACT: TTI Team Telecom International Ltd.
Rebecca (Rivi) Aspler, Investor Relations Director
+972-3-926-9093
Mobile: +972-54-777-9093
rebecca.aspler@tti-telecom.com
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