TTI Telecom Completes Public Offering
Business Wire - February 26, 1999 13:57
PETACH TIKVA, Israel--(BUSINESS WIRE)--Feb. 26, 1999--TTI Telecom
International Ltd. (NASDAQ/NM:TTILF), today announced that it had
completed its public offering of 1,150,000 Ordinary Shares at a price of
$7.875 per Ordinary Share. The net proceeds from the offering to TTI
Telecom will be used to fund activities in connection with recently
awarded and potential new customer contracts as well as for working
capital and general corporate purposes. The placement agent for the
offering was CIBC Oppenheimer Corp.
ABOUT TTI TELECOM
TTI Telecom International Ltd. (NASDAQ: TTILF) develops, markets and
supports advanced, modular, integrated software products and services
for operations support systems ("OSS") and network management systems
("NMS") in the telecommunications industry. Its growing family of Netrac
NMS/OSS application tools are used by telecommunications operators and
vendors worldwide including North America, Latin America, Europe,
Africa, Israel and the Far East.
Regards
Norden |
