Cable &Wireless Chooses ECTEL'S FraudView Solution: Order Valued At About $1.8 Million.Business Editors PETAH TIKVA, Israel--(BUSINESS WIRE)--Jan. 20, 2000 ECTEL ECTEL European Telecommunications and Professional Electronics Industry LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability . (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 : ECTX) announced today that it has received an initial order from the Cable &Wireless Group (C&) for its FraudView(TM) solution worth approximately $1.8 million. C& ordered the ECtel system after a competitive bidding Competitive bidding A securities offering process in which securities firms submit competing bids to the issuer for the securities the issuer wishes to sell. competitive bidding 1. process including a successful field trial. Delivery of the system was in December 1999. ECtel's FraudView(TM) application is an innovative comprehensive revenue assurance tool, including; fraud detection, prevention and management systems. FraudView(TM) is a scaleable solution that includes user-defined filters for fraud scenarios and profiling. The system also has fraud prevention capabilities. The solution is based on real-time monitoring of data and signaling networks, provides the customer with a complete and flexible solution that can easily deal with changing and new fraud patterns. Mr. Aharon Shech, President 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. of ECtel, said: &uot;In the reality of today's telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. environment, telecom fraud is continuously increasing, creating an extremely serious and costly problem. We are pleased that Cable &Wireless, one of the most prestigious telecom companies in the world, has chosen our FraudView(TM) solution as its weapon of choice for the detection and prevention of fraud. C&'s decision to purchase FraudView(TM) validates the advantage of ECtel's technology in the market as does the growing number of service providers that are selecting FraudView(TM) as the preferred solution to combating revenue fraud. We believe that this order will lead to future sales to other C& units around the world.&uot; About ECtel ECtel develops and markets monitoring systems that enable telecommunications service providers A Telecommunications Service Provider or TSP is a type of Communications Service Provider that has traditionally provided telephone and similar services. This category includes ILECs, CLECs, and mobile wireless companies. to monitor the quality of service over voice, data, and VOIP (Voice Over IP) A digital telephone service that uses the public Internet as well as private backbones instead of the traditional telephone network. Many companies, including Vonage, 8x8 and AT&T (CallVantage), typically offer calling within the country for a networks; to detect and prevent telecommunications fraud, such as cellular fraud, calling card fraud and premium rate services fraud; and to bill for traffic that is transported across their networks by other service providers. Additional information about the Company is available on Ectel's website: http//www.ectel.com. Certain statements contained in this release contain forward-looking information with respect to plans, projections or future performance of the Company, the occurrence of which involves certain risks and uncertainties, including, but not limited to, product and market acceptance risks, the impact of competitive pricing, product development, commercialization and technological difficulties and other risks detailed in the Company's filings with the Securities and Exchange Commission. |
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