CTIG, US WATS Back Away from Planned Partnership.VALLEY FORGE, Pa.--(BUSINESS WIRE)--July 22, 1998-- Companies abandon plans for joint development of new-era telecommunications billing platform but continue negotiations on CTIGUs NEPTUNE Neptune, in Roman religion and mythology Neptune, in Roman religion and mythology, god of water. He was presumably an indigenous god of fertility, but in later times he was identified with the Greek Poseidon, god of the sea. Billing System. CTI (Computer Telephone Integration) Combining data with voice systems in order to enhance telephone services. For example, automatic number identification (ANI) allows a caller's records to be retrieved from the database while the call is routed to the appropriate party. Group (Holdings) Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : CTIG CTIG Counter Terrorism Intelligence Group CTIG Combat Targeting and Intelligence Group (Langley, AFB,VA Air Combat Command) ) said today that due to unforeseen complications CTIG and US WATS WATS abbr. Wide-Area Telecommunications Service Noun 1. WATS - a telephone line;long distance service at fixed rates for fixed zones; an acronym for wide area telephone service WATS line (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : USWI) have mutually agreed to abandon plans for a joint development partnership announced on May 17 of this year. According to CTIG's Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Anthony P. Johns, negotiations between the two companies are continuing that may lead to a transaction along more conventional lines involving CTIG's NEPTUNE Billing and Customer Care System. In May, the companies had signed a far-reaching preliminary agreement for a joint development partnership that involved transfers of technology and personnel. The objectives of the agreement from CTIG's position was to accelerate enhancements for convergent telecommunications billing to the NEPTUNE System produced by CTIG's U.S.-subsidiary, CTI Data Solutions Inc., and from US WATS' position, to pursue a strategic alliance that would enhance support for that company's growth initiatives. Both companies said that they can remain on track to achieve their objectives without such an involved partnership. Talks between the companies centering around US WATSU implementation of NEPTUNE for its telecommunications billing continue. CTIG, through its operating subsidiaries, provides telemanagement systems for companies and institutions to manage their telecommunications networks, and billing software and services to support telecommunications providers' customer invoicing needs. For additional information, contact Mark H. Daugherty, Chief Financial Officer, CTI Group (Holdings) Inc., 901 South Trooper Road, Norristown, PA 19403-2312; telephone, 610/666-1700; fax, 610/666-7707; email, ctig@ctigroup.com.
CONTACT: CTI Group (Holdings) Inc., Valley Forge
Mark H. Daugherty, CFO, 610/666-1700
Fax: 610/666-7707
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