TechWeb

CTI Group Reports Engagement Of Advisors To Evaluate Privatization Offer

Jun 06, 2013 (05:06 PM EDT)
URL: http://www.techweb.com/show-press-release/NE28127/cti-group-reports-engagement-of-advisors-to-evaluate-privatization-offer.html

INDIANAPOLIS, June 6, 2013 /PRNewswire/ -- CTI Group (Holdings) Inc. (OTCQB: CTIG), an international provider of electronic invoice processing and management and call accounting management and recording applications, reported that the recently formed Special Committee of the board of directors has retained Duff & Phelps Securities, LLC as independent financial advisor and Ice Miller LLP as independent legal counsel to the Special Committee to assist in its evaluation of the non-binding indication of interest  made on March 7, 2013, by Fairford Holdings Limited, Michael Reinarts and John Birbeck to acquire all of the outstanding capital stock of the Company and in all related matters.  No decisions have been made by the Special Committee with respect to the non-binding indication of interest and there can be no assurance that any definitive offer will be made, that any agreement will be executed or that any transaction will be approved or consummated. 

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 Analysis, 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 recent 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 the risks described in CTI Group's periodic reports filed with the U.S. Securities and Exchange Commission.

Contact: CTI Group (Holdings) Inc.
Fred Hanuschek – 317.262.4666

SOURCE CTI Group (Holdings) Inc.