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Microcap & Penny Stocks : CTIG -- Ignore unavailable to you. Want to Upgrade?

To: Gerald Merna who wrote (24)	3/16/1999 12:42:00 PM
From: GARY P GROBBEL	Read Replies (2) \| Respond to of 319

Jerry...and we had this release last week...which is a huge help to their balance sheet...stock at .28/.34 on OTC BB...gpg CTIG and Siemens Plc Agree to Restructure Databit Ltd Acquisition VALLEY FORGE, Pa.--(BUSINESS WIRE)--March 9, 1999--CTI Group (Holdings) Inc. (OTC:CTIG - news) today announces that it has agreed with Siemens Plc that the purchase price for its UK subsidiary, CTI Data Solutions Ltd, is to be waived with immediate effect. CTIG acquired the company, which was previously called Databit Ltd, in February 1998 from Siemens by means of a promissory note to the value of $1.5 million. This agreement has been reached to help CTIG attract institutional investment to enable it to develop its Internet and convergent billing technology to the fast-emerging global market, while continuing to provide high quality support to the large customer-base it shares with Siemens. Convergent billing enables businesses in many different industries, such as telecommunications, media and utilities, to invoice customers on the same single bill. Following this transaction, there is no longer the requirement for Siemens Plc to be represented on the Board of CTIG. Therefore, Bill Driscoll, the current Siemens Plc nominee, has tendered his resignation accordingly. The Board has accepted his resignation and would like to thank Mr. Driscoll for his contribution during the past 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. Contact: CTI Group (Holdings) Inc., Valley Forge Tony Johns, Chairman and CEO, 610/666-1700 Fax: 610/666-7707