ITDS
I bought this on a head fake a couple of weeks ago. It has languished, but this may get it moving. A print of 14 1/2 would
be a Point and Figure buy signal.
David
Monday June 7, 5:00 pm Eastern Time
Company Press Release
SOURCE: International Telecommunication Data Systems, Inc.
MCI WorldCom Expands Relationship With ITDS Through 2007
STAMFORD, Conn., June 7 /PRNewswire/ -- International Telecommunication Data Systems, Inc. (Nasdaq: ITDS - news), a leading provider of integrated billing and customer care services to telecommunications service providers, today announced a seven year contract extension with MCI WorldCom to provide its flagship product XCEDE(TM) to support MCI WorldCom's national wireless reseller business, the industry's largest wireless reseller.
ITDS originally began its business relationship with MCI WorldCom in early 1997 to provide its unique brand of billing and customer care service bureau services via its 10X(TM) product to then WorldCom Wireless for all of its wireless resale markets. Since WorldCom's acquisition of MCI, MCI WorldCom Wireless' business has expanded substantially with the addition of MCI Wireless, as well as through the introduction of new channels. The wireless resale powerhouse chose ITDS and its flagship product, XCEDE(TM), to support all of its billing and customer care needs into the next millennium.
''ITDS' XCEDE(TM) solution will help us to excel in key areas such as customer acquisition and retention which are critical to our meeting our top line growth objectives,'' said Jim Wolfinger, president of MCI WorldCom Wireless. ''We believe their integrated, enterprise-wide solution will play a pivotal role in streamlining our existing business processes, thereby reducing our overall expense structure -- while also providing the best platform for continued growth and expansion into new products, markets, and channels.''
Dennis Flynn, senior director, Commercial and Residential Billing, MCI WorldCom said, ''In addition to the robust functionality resident within XCEDE(TM), ITDS has demonstrated their ability to consistently deliver high performance both in terms of production bill processing times and implementing MCI WorldCom Wireless' specific enhancements in a timely fashion. These impressive performance metrics in combination with exceedingly competitive price points delivered a value proposition that compelled us to enter into a long-term relationship with ITDS.''
Tony Tagliareni, ITDS' vice president of Sales and Marketing said: ''Since the inception of our business relationship with MCI WorldCom in early 1997, ITDS has focused on continued process improvement and earning the right to count MCI WorldCom as one of our most strategic business partners. With this contract, MCI WorldCom has affirmed that our commitment to offer state-of-the-art solutions at cost effective price points with quality and superior production performance has been successful.''
About ITDS:
International Telecommunication Data Systems, Inc. (Nasdaq: ITDS - news) offers advanced billing, customer care and management information systems which form the foundation for a suite of applications that provide not only subscriber billing and service support, but also the means to automate subscriber activation, remittance processing, electronic commerce over the internet, collections, data retrieval and reporting, electronic funds transfer, credit management, inventory management and data archiving. The ITDS XCEDE product suite includes: XCEDE(TM), XCEDE/POS(TM), XCEDE/A-KEY(TM), XCEDE/NP(TM), XCEDE.ecom(TM) and XCEDE/CB(TM). The ITDS staff of professionals supports over 350 wireless markets from state-of-the-art data centers located at its headquarters in Stamford, Connecticut and its facility in Champaign, Illinois. ITDS is a registered service mark of International Telecommunication Data Systems, Inc. Additional information about the company is available on the Internet at itds.com.
This press release contains forward-looking statements that involve a number of risks and uncertainties. These forward-looking statements include comments on business goals and financial performance. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are delays in product development, undetected errors or bugs in software, changes in product pricing policies, competitive pressures, lower-than-expected demand for telecommunications billing solutions, general conditions and risk factors detailed from time to time in the Company's periodic reports and registration statements filed with the Securities and Exchange Commission.
SOURCE: International Telecommunication Data Systems, Inc.
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