Science & Technology
Science and Technology
Science and Technology
Mon, March 30, 2009
Sun, March 29, 2009
Fri, March 27, 2009
Thu, March 26, 2009
CTI Group (Holdings) Inc.: CTI Group Reports Positive 2008 Results
INDIANAPOLIS, IN--(Marketwire - March 27, 2009) - CTI Group (Holdings) Inc. (
Commenting on the results, John Birbeck, CTI Group's President and CEO, stated, "I am greatly encouraged by our reported increase in revenues and increased profitability for 2008 which demonstrates the benefits of our mixed services and license based business model in difficult times. We believe our strong performance better positions us to navigate the continuing challenging environment of 2009 and beyond."
Commenting on product developments, Mr. Birbeck stated, "I believe, that the high level of innovation of our people continues to produce significant new products in E-Billing (EIM) and VoIP applications which positions us well to meet the growing demand of Telecom Service Providers expanding into fixed-mobile convergence. We expect that recent European legislation requiring all financial services companies to record calls will help drive demand of our SmartRecord® products in Europe and Middle East. Meanwhile the requirements of all telecoms companies to reduce costs and become more energy efficient are driving adoption of the on-line Analysis and Dynamic reports E-Billing products to replace paper and postage."
The Company's new hosted VoIP applications are expected to help eliminate customer resistance to conversion to next-generation platforms, while creating new revenue opportunities for service providers through the delivery of compelling value added services. CTI Group's new products include emPulse, a real-time web-based communications management and analysis solution, and the award-winning SmartRecord® IP, which enables service providers to selectively intercept and record any communications on behalf of their hosted and managed service customers. Specifically engineered to seamlessly integrate with the service provider's evolving online eBusiness strategy, these business applications provide enterprise customers with customized access to their provider's eBusiness portal and their complex service invoices.
The Proteus® suite of products is used by companies, institutions and government agencies to track communications activity and to control costs associated with operating communications networks. Proteus® performs functions of call accounting, cost allocation, client bill-back, analyses of trunk traffic and calling and usage patterns, toll fraud detection, directory services, integrates with SmartRecord® as well as with other private branch exchange peripheral products.
The EIM suite of products includes: Analysis, for complete on-line customer care of mobile, fixed line and data services; SplitBill to enable users to automate Business vs Personal use; and Dynamic Reports, which is a "push" analysis, billing and advertising medium for mobile, data and fixed line, targeting the consumer and SMB markets.
About CTI Group -- CTI Group (Holdings) Inc. is an international provider of electronic invoice processing and management, enterprise communications management software and services solutions, and carrier class voice over internet protocol (VoIP) management applications. CTI Group's SmartBill®, SmartREcord® and Proteus® product suites offer a full array of solutions for traffic analysis, post-billing call analysis, customer care and call recording. CTI Group's products are used by some of the top service providers in North America and the United Kingdom, and play a trusted role in managing telephony costs at major corporations internationally. Headquartered in Indianapolis, CTI Group maintains overseas offices in London and Blackburn, UK. For more information, please visit CTI Group's website at [ www.ctigroup.com ].
Safe Harbor Statement -- This release may contain "forward-looking" statements. Examples of forward-looking statements include, but are not limited to: (a) projections of revenue, capital expenditures, growth, prospects, dividends, capital structure and other financial matters; (b) statements of plans and objectives of CTI Group or its management or Board of Directors; (c) statements of future economic performance; (d) statements of assumptions underlying other statements and statements about CTI Group and its business relating to the future; and (e) any statements using the words "could," "should," "anticipate," "expect," "may," "project," "intend," "will," "believe" or similar expressions. CTI Group's ability to predict projected results or the effect of events on CTI Group'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. These factors include, but are not limited to: effects of current economic crisis, ability to attract and retain customers to purchase its products, ability to develop or launch new software products, technological advances by third parties and competition, ability to protect the Company's patented technology, ability to obtain settlements in connection with its patent enforcement activities and risks described in CTI Group's annual report on Form 10-K for the year ended December 31, 2008. Readers are referred to documents filed by CTI Group with the U.S. Securities and Exchange Commission, including the Form 10-K for its most year ended December 31, 2008.
