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CTI Group Experiences Unprecedented Channel Growth in First Quarter of 2010


Published on 2010-05-28 08:10:39 - Market Wire
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INDIANAPOLIS, IN--(Marketwire - May 28, 2010) - CTI Group Holdings Inc. (OTCBB: [ CTIG ]), an international provider of electronic invoice processing and management (EIM), enterprise communications management software and services solutions, and carrier class voice over internet protocol (VoIP) management applications, today announced that it has signed up seven new partners in both its BroadSoft and Cisco channels. With a near equal split of customers requiring hosted and premise-based applications, CTI Group has countered the recent, credit crunch driven trend away from premised-based solutions. This rapid growth of new channel partners represents the most successful quarter for new partner acquisition in CTI Group's history.

CTI Group has added BroadSoft partners SimpleSignal, BroadConnect and Velocity Networks as well as the Cisco Gold partners NETech, Fusion Storm, SMS proTech and Avance. CTI Group's entire portfolio of call recording and call accounting applications are scalable meaning resellers can offer each customer its own tailored telephony package.

John Birbeck, President and CEO of CTI Group, commented, "We are delighted to have signed so many key partners through both our hosted and customer premise based channels and believe that at the heart of this remarkable growth is SmartRecord's open and VMware Ready architecture. In SmartRecord, CTI Group has developed a truly flexible, unified infrastructure for hosted and premise based call recording that aligns nicely with Proteus, CTI Group's market leading call management solution, which has a rich legacy of unsurpassed ROI.

"CTI Group has more than 30 years experience in building and developing carrier grade call management and call recording applications. It is this knowledge, technical expertise and understanding of the market that allows us to work with our channel partners to ensure they are able to provide the solution that best meets their customers' needs."

For more information, please visit [ www.ctigroup.com ].

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, 2009. 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, 2009.

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