CTI Group (Holdings) Inc. (fka CTIG)

[ALERTS100%to10000%GAIN]

CTIG~~~CTI Group Reports Second Quarter 2011 Results

INDIANAPOLIS, Aug. 12, 2011 /PRNewswire via COMTEX/ -- 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, reported results for the three and six months ended June 30, 2011.

Revenues for the three and six months ended June 30, 2011 increased to $4,000,590 and $8,116,956, respectively, as compared to revenues for the three and six months ended June 30, 2010 of $3,578,032 and $7,518,089, respectively.


The Company reported a net loss for the three and six months ended June 30, 2011 of $(281,698) and $(624,214), respectively, or $(0.01) and $(0.02) per share, respectively, as compared to a net loss of $(447,519) and $(670,650), respectively, or $(0.02) and $(0.02) per share, respectively, for the three and six months ended June 30, 2010.

The increase in revenues and decrease in net losses for the three and six months ended June, 2011 was primarily attributable to increases in demand from UK operations.

Commenting on the results, John Birbeck, CTI Group's President and CEO, stated, "We are very encouraged by the improvement in our second quarter results.

The significant improvement in the liquidity of the company better positions us to pursue profitable growth opportunities."

http://www.otcmarkets.com/stock/CTIG/news

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