To: Stock Watcher who wrote (15012 ) 9/14/1999 2:04:00 PM From: flickerful Read Replies (1) | Respond to of 52051
MLT/CTIG...ironic, eh?CTIG Joins Forces With Mitel VALLEY FORGE, Pa.--(BUSINESS WIRE)--Sept. 14, 1999--CTI Group (Holdings) Inc. (OTC:CTIG) today announced that its UK subsidiary CTI Data Solutions Limited has signed a Distribution Agreement with Mitel Telecom Ltd., the UK's leading business communications company. Mitel employs over 6,500 people worldwide with current sales in excess of Cdn $1.3 billion. Under this agreement, Mitel will market CTI's call management software to its existing customer-base and as a value-added solution to its new PBX sales. This includes CTI's latest 32-bit, Windows NT application C6win, which is targeted at both single and multi-site organizations. "For over 25 years Mitel has consistently been among the first to market with business communications solutions that advance technology and set new industry standards for innovation and performance," explains Mike Ford, Mitel Sales Director. "CTI have demonstrated that their products are superior in the market and flexible enough to cater for our many specific vertical markets. We are delighted to add CTI's products to our portfolio and look forward to selling them as part of our overall telecommunication solutions." "This agreement with Mitel further endorses the quality and market-attractiveness of our call management products," explains Tony Johns, CTIG's Chairman and CEO. "We are very pleased to be working with Mitel, who are widely recognized as the UK's leading business communications company. We are offering them exciting products that are easy to demonstrate, and on-going sales and marketing support to held maximize their earnings potential." He went on to state, "Although the revenue potential from this arrangement is clearly significant to CTIG, we do not anticipate it to have any material impact on our financial results until the final quarter of the current fiscal year." This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results. Readers are referred to documents filed by CTIG with the U.S. Securities and Exchange Commission, specifically the most recent Form 10-KSB. About Mitel Headquartered near the capital city of Ottawa in Canada, Mitel (NYSE:MLT - news)(TSE:MLT - news) is a global designer, manufacturer and marketer of networked systems and specialty semiconductors for the communications industry. Mitel Communications Systems provides enterprises with voice and data communications systems; complete private networks including remote teleworking solutions; unified messaging and call-center applications; CTI systems and applications; and it supplies competitive carriers with public network access products. Mitel Semiconductor specializes in connectivity solutions for the communications and medical industries with a product range which includes components for both wired and wireless networks; microelectronics for enabling the convergence of voice and data; optoelectronic devices for high-speed internet systems; and applications-specific integrated circuits for medical applications such as pacemakers and hearing aids. For further information, contact: Firefly Communications Mitel Telecom Ltd. David button / Subha Chalapathy Joan Coe Tel: 0171 386 1400 Tel: 01291 612 621 Email: dbutton@firefly.co.uk Email: joan_coe@mitel.com Tony Johns, Chairman and CEO CTI Group (Holdings) Inc. Valley Forge, PA 19484-0360 Tel: 610/666-1700 Fax: 610/666-7707 Email: tjohns@ctigroup.com Additional media information on Mitel can be found at www.mitel.com and at the Firefly www site at: www.firefly.co.uk. --30--MF/ph* CONTACT: Firefly Communications David button / Subha Chalapathy, 0171 386 1400 Email: dbutton@firefly.co.uk or Mitel Telecom Ltd. Joan Coe, 01291 612 621 Email: joan_coe@mitel.com or CTI Group (Holdings) Inc. Tony Johns, Chairman and CEO, 610/666-1700 Fax: 610/666-7707 Email: tjohns@ctigroup.com KEYWORD: PENNSYLVANIA INTERNATIONAL CANADA EUROPE INDUSTRY KEYWORD: COMED COMPUTERS/ELECTRONICS TELECOMMUNICATIONS INTERACTIVE/MULTIMEDIA/INTERNET MERGERS/ACQ