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MTS Announces the Appointment of Alon Mualem as the New CFO
Sep 25, 2007 (08:09 AM EDT)
RA'ANANA, Israel and FAIR LAWN, New Jersey, September 25 /PRNewswire-FirstCall/ -- MTS - Mer Telemanagement Solutions Ltd. , a global provider of Telemanagement, Billing and Telecom expenses solutions, today announced that it has named Mr. Alon Mualem as Chief Financial Officer. Mr. Mualem replaces Shlomi Hagai, who is leaving the company following seven years of service to pursue new business opportunities.
Mr. Mualem brings with him a wealth of knowledge and over 15 years of experience in the financial and public arenas. Prior to joining MTS, Mr. Mualem held the CFO responsibilities at Xfone, Inc., an international communications services company and its subsidiary, Xfone 018 Ltd. Before that, Mr. Mualem was the CFO of CheckM8, Ltd., a high-tech Internet advertising firm located in Israel. He also held other senior executive positions at RADVISION Ltd. and at RAD Data Communication Ltd. In addition, Mr. Mualem worked with a public accounting firm, based in Israel, which is an affiliate with the international public accounting firm, KPMG. Mr. Mualem holds a B.A. degree in Economics and Accounting from Tel Aviv University and is licensed as a CPA in Israel.
"We are pleased to welcome Alon Mualem to the MTS team," said Eytan Bar, president and chief executive officer. "Alon's experience with a successful high-tech public company is a valuable asset MTS management team and will allow smooth transition of MTS financials'. In his new role, Alon will be responsible for all financial activities."
Mr. Bar continued, "We would like to thank Shlomi for his seven year career with MTS, where he made substantial contributions to the company."
Mer Telemanagement Solutions Ltd. (MTS) is a global provider of business support systems for comprehensive telecommunication management and customer care & billing solutions. MTS' business support system is a full-featured customized solution for telecommunications management, Interconnect and customer care & billing. Its telecommunications expense management solution is used by corporations and organizations to improve the efficiency and performance of all telecommunication and information technology operations, and to significantly reduce associated costs. Its service providers and carriers solutions are used to support sophisticated billing, web-based self-provisioning, partners management and interconnect billing.
Headquartered in Israel, MTS markets through wholly owned subsidiaries in the United States, Hong Kong, Holland, and Brazil, and through OEM partnerships with Siemens, Phillips, NEC and other vendors. MTS' shares are traded on the NASDAQ Capital Market (symbol MTSL). For more information please visit the MTS web site: http://www.mtsint.com
Certain matters discussed in this news release are forward-looking statements that involve a number of risks and uncertainties including, but not limited to, risks in product development plans and schedules, rapid technological change, changes and delays in product approval and introduction, customer acceptance of new products, the impact of competitive products and pricing, market acceptance, the lengthy sales cycle, proprietary rights of the Company and its competitors, risk of operations in Israel, government regulations, dependence on third parties to manufacture products, general economic conditions and other risk factors detailed in the Company's filings with the United States Securities and Exchange Commission.
Contact: Alon Mualem CFO Tel: +972-9-762-1733 Email: email@example.com
CONTACT: Contact: Alon Mualem, CFO, Tel: +972-9-762-1733, Email: firstname.lastname@example.org