CTIG.OB had some news tonight. New web-based product launched. Should boost revenues (and hopefully earnings). Probably won't move the stock, but a positive development. Profitable company trading at .36, with .27/share in cash. CTIG has gotten some billion dollar companies to pay for their patents, and they're going after others. Think the stock could see a run over .50 in the coming months.
CTI Group Launches SmartBill Connect
Wednesday January 12, 5:54 pm ET
INDIANAPOLIS--(BUSINESS WIRE)--Jan. 12, 2005--CTI Group (Holdings) Inc. (OTCBB:CTIG - News), an international provider of billing management and transaction analysis software, has launched SmartBill® Connect - a web-based invoice management solution for service providers and enterprises. SmartBill® Connect enables interactive invoice management, analysis and reporting empowering enterprise customers to manage their telecommunications environment through 360 degree visibility into their business communications expenditures.
CTI President and CEO Brad Houlberg states, "We are extremely excited about introducing the innovative SmartBill® Connect platform to the Service Provider community. SmartBill® Connect offers the Service Provider a truly compelling and differentiating product that provides them the opportunity for increased revenue through new customer acquisition and customer retention while offering them the benefit of significantly reducing invoicing costs."
SmartBill® Connect offers Service Providers a full range of eBusiness capabilities that build upon their existing investments in technology - preserving the full functionality of current systems - while allowing them to service and support future customer growth. SmartBill® Connect integrates with provider's evolving online eBusiness strategy and provides enterprise customers with customized access to their provider's eBusiness portal. The SmartBill® Connect architecture ensures rapid integration without compromising availability, performance, security, scalability, or language conversion.
According to Adrian Burt, Senior Vice President of Sales and Marketing for CTI, "SmartBill® Connect gives the Service Provider the ability to transform the process of billing presentment and usage analysis from a loss leader to profit center."
Mr. Burt will formally introduce the SmartBill® Connect and Proteus(TM) product suites at SmartSummit, CTI's annual product exposition to be held February 22-24, 2005 in Orlando, FL. For additional information regarding SmartSummit as well as SmartBill® Connect and Proteus(TM), visit www.smartsummit.biz.
CTI Group is headquartered in Indianapolis, IN and maintains a European office in London. For more information, please visit CTI Group's website at www.ctigroup.com.
Safe Harbor Statement This press release contains "forward-looking" statements. Forward-looking statements include, but are not limited to statements of assumptions underlying other statements and statements about the Company and its business relating to the future; and any statements using the words "could", "should", "anticipate", "expect", "may", "project", "intend" "will" or similar expressions. The Company's ability to predict projected results or the effect of events on the Company'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. In addition to information provided elsewhere in this document, shareholders should consider the following: the risk that the Company will not be able to attract and retain customers to purchase its products, the risk that the Company will not be able to commercialize and market products; results of research and development; technological advances by third parties; competition; future capital needs of the Company; history of operating losses; dependence upon key personnel and general economic and business conditions. Readers are referred to documents filed by CTI Group with the U.S. Securities and Exchange Commission.
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Contact:
CTI Group (Holdings) Inc., Indianapolis
Todd Rockey, 317-262-4666
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Source: CTI Group (Holdings) Inc.
