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MIND CTI Names New Execs

MIND CTI announces the appointment of Sara Shekel as COO and Oren Bryan as CFO

July 12, 2006

2 Min Read

YOQNEAM, Israel -- MIND CTI Ltd. (NASDAQ: MNDO), a leading provider of convergent end-to-end billing and customer care solutions for VoIP, Mobile, Wireline and Quad-play carriers worldwide announced today new managerial appointments which are geared to assist the continued expansion of the Company. The Company also announces the outcome of its Annual General Meeting.

MIND announced today the appointment of Sara Shekel, 48, as the Company's Chief Operating Officer (COO). Ms. Shekel comes to MIND after serving in various positions at Amdocs since 1997. Her outstanding achievements include managing the Vodafone project in Germany for five years, with 400 employees involved, resulting in her winning of the "Innovation Award". Sara holds a B.Sc. in Mathematics and Computer Science from Tel Aviv University.

Monica Eisinger, MIND's Chairperson and CEO commented on the appointment: "We welcome Sara to our team and believe that her proven record of on-time delivery, building of process methodologies and management of large scale projects will help us deliver in a cost effective and timely manner more sizeable projects, as we win them. Sara will be in charge of all aspects of delivery (including development, engineering and professional services) across our customer care and billing platforms. This addition to our team reflects our positive view on the present market and the belief that there are additional growth opportunities where we can take our technology and expertise and leverage them to create additional value."

MIND also announced today the appointment of Mr. Oren Bryan, 32, as the Company's Chief Financial Officer (CFO). Mr. Bryan replaces Mr. Shalom Bronstein. Since January 2002 until joining MIND in November 2005, Oren worked for Dor Chemicals Ltd., a multinational public company. Prior to that he was the Controller of a private software company and worked as an auditor at Ernst & Young (Israel). Oren is a Certified Public Accountant and holds a BA in Economics and Accounting from Haifa University. He received his BA degree Summa Cum Laude.

Ms. Eisinger added, "We thank Shalom for his contribution during his service and we wish Oren continued success in his new position. Oren's experience in multinational activities is an asset and will be instrumental more and more as our global presence expands."

Mind CTI Ltd. (Nasdaq: MNDO)

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