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Microcap & Penny Stocks : CTIG

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To: Byron Angel who started this subject1/29/2002 9:36:25 PM
From: sheetmillgalvanize   of 319
 
biz.yahoo.com

Tuesday January 29, 4:30 pm Eastern Time
Press Release
SOURCE: CTI Group
CTI Group Appoints New CEO
INDIANAPOLIS--(BUSINESS WIRE)--Jan. 29, 2002--CTI Group (Holdings) Inc., (OTC:CTIG - news), a worldwide provider of billing management and call analysis software for the telecommunications industry announced the appointment of Bradley Houlberg as its new Chief Executive Officer and President.

Mr. Houlberg brings to CTI Group his experiences as a senior executive from the global telecommunications companies, Alltel Information Services and Covergys. After a highly successful career with Convergys, one of the world's leading providers of billing and customer care for the telecommunications and cable television industries, he became Executive Vice President of AIS Telecom, supporting its largest telecommunications billing customers.

With the recent announcement of the release of Magnaflex(c), its premier billing system software solution, Mr. Houlberg joins CTIG at a critical juncture in the Company's history.

Mr. Harold Garrison, Chairman of the Board stated, ``Brad's decision to join us is an affirmation of our shared vision in our products and our future. He brings the energy, enthusiasm and drive necessary to lead us to achieving our goals of becoming a leading global provider of billing and customer care software and services. Moreover, he has the management depth to be an immediate contributor by advancing and refining our business strategies. We have every confidence that Brad will provide the leadership to take CTI to the next level in our corporate development.''

About CTI Group:

CTI Group, through its wholly owned subsidiaries, develops, markets, and supports telemanagement and billing solutions for corporate users of telecommunications services. In February 2001, CTI Group merged with Centillion Data Systems, Inc. and Celltech Information Systems, Inc., creating an expanded multinational marketing presence, shared advanced technology development programs, the ability to apply proprietary billing analysis software to these programs, and convergent billing capabilities, creating a premier worldwide provider of software and services for managing billing and call record analysis for the telecommunication industry and other technology-focused industries.

(c) MagnaFlex is a registered trademark of CTI Group (Holdings), Inc. Safe Harbor Statement: This release may contain forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual events or results. Readers are referred to documents filed by CTI Group Holdings with the U.S. Securities and Exchange Commission.

--------------------------------------------------------------------------------
Contact:

S&S Public Relations
Jennifer Cebalo, 317/275-2275, ext. 26
jennyc@sspr.com
or
CTI Billing Solutions, Inc.
Fred Hanuschek, 317/262-4666
Fhanuschek@ctigroup.com
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