ROSH HA'AYIN, Israel -- TTI Team Telecom International Ltd. (NasdaqGM:TTIL - News), ('the Company'), a global supplier of Operations Support Systems (OSS) to communications service providers, today announced results for the first quarter ended March 31, 2008.

Total revenues for the first quarter were $13.0 million, compared with $10.7 million in the first quarter of 2007, and $12.2 million for the fourth quarter of 2007. Total operating expenses were $6.8 million, compared to $5.7 million in the first quarter of 2007 and $6.1 million in the fourth quarter of 2007. The Company noted that the increase in operating expenses was largely due to volatility in the currency markets, particularly the weakness in the U.S. dollar relative to the Israeli Shekel, which increased TTI's dollar denominated expenses.

Operating income for the quarter was $473,000 compared with an operating loss of $417,000 for the first quarter last year and operating income of $564,000 in the fourth quarter of 2007. Net income was $873,000, or $0.05 per basic and diluted share, compared to a net loss of $42,000, or $0.00 per basic and diluted share in the first quarter of 2007 and net income of $1.1 million, or $0.06 per basic and diluted share for the fourth quarter of 2007.

Commenting on the results, Meir Lipshes, Chairman and CEO of TTI Telecom, stated, "We are pleased with our results for the first quarter, as we achieved strong revenue growth, both sequentially and on a year-over-year basis. Although operating costs were up due to the weakening of the U.S. dollar, we were able to achieve our fourth consecutive profitable quarter and are carefully watching our expenses to best position TTI for continued profitability as we move forward."

"We had two important customer wins recently, which further expand TTI's presence in the market and reinforce our belief in the value our solutions bring to the market. In February we received an order from Bell Mobility, one of the largest communications companies in Canada. Bell adopted our Netrac service assurance solution, which includes both our Fault Management (FAM) and Performance Management (PMM) modules."

Most recently, we were selected and certified by France Telecom Group as the resource and service supervision GCC standard for their Strategic NexT Program. With this certification, we have become the recommended provider of resource and service supervision solutions for new projects across the entire France Telecom group, a designation that can create significant opportunities for TTI going forward. With over 170 million subscribers in 220 regions and countries, France Telecom is an important customer and we look forward to continued close collaboration with their team."

Mr. Meir Lipshes indicated that TTI Telecom is influenced by the continuing weakness of the American dollar compared to the Israeli shekel. Mr. Lipshes stated, "To minimize the effect, particularly on the operating expenses, TTI is taking precautionary steps. In the last months TTI has decreased operational expenses and is in a process of off-shoring several of its activities to the Ukraine, utilizing the assistance of the resources at Telesens, which TTI Telecom acquired in the fourth quarter of 2007".

TTI Team Telecom International Ltd. (Nasdaq: TTIL)