TTI Telecom to Present and Showcase Its CDR-Based Revenue Assurance Solution At GSM Africa On November 19-20, 2002.Business Editors GSM Africa HOBOKEN, N.J.--(BUSINESS WIRE)--Nov. 19, 2002 TTI Telecom TTI Telecom (NASDAQ: TTIL), founded in 1992, is a leading provider of next generation Operations Support Systems (OSS) to communications service providers worldwide. TTI Telecom’s Netrac-branded portfolio delivers an automated, proactive and customer-centric approach to service International Ltd. (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 : TTIL TTIL Theater Tracked Item List ), a leading supplier of Operations Support Systems Operations Support Systems (also called Operational Support Systems or OSS) are computer systems used by telecommunications service providers. The term OSS most frequently describes "network systems" dealing with the telecom network itself, supporting processes such (OSS Oss (ôs), city (1994 pop. 62,141), North Brabant prov., S Netherlands; chartered 1399. It is a significant industrial center. Manufactures include meat products, chemicals, pharmaceuticals, electrical equipment, and metalware. ) and Business Support Systems (BSS See 802.11. BSS - Block Started by Symbol ) for telecommunications service providers, announced today that it will present at GSM Africa on November 19-20, 2002 at Cape Town, South Africa. Leading South African service providers including MTN MTN A short-form for Medium Term Note. MTN Medium term notes issued by corporations, much like shorter-term commercial paper. MTN See medium-term note (MTN). , Vodacom, Cell C will participate in the Conference, titled `Strategies to Maximize Revenue & Retain Customers'. TTI Telecom will present its Revenue Assurance solution, which consists of its Billing Verification, FraudDetect, CallExpert, and Billing Mediation CDR-based (Call Detail Records) applications. The Company will present a live demo of the solution and will demonstrate how: Billing Mediation collects, formats and distributes CDRs to billing systems; Billing Verification identifies revenue errors in the billing process; FraudDetect detects fraudulent activity based on user-defined sophisticated profiles. According to FIINA FIINA Forum for International Irregular Network Access (Forum for International Irregular Network Access), service providers lose an average of 6% of their annual revenue to fraud while some operators in less developed countries are known to have lost up to 30%. "There is an acute problem of revenue loss due to fraudulent activity and errors in the billing process in Africa," said Avichai Levy, TTI TTI Texas Transportation Institute TTI Thoracic Trauma Index TTI Transmission Time Interval TTI Travel Time Index TTI Travel Technology Initiative TTI Technology Transfer Initiative TTI Traffic and Traveller Information TTI Technology Transfer Institute Telecom's Vice President of Marketing. "This translates into tens of millions of dollars in lost revenue every year. We offer service providers a fully-integrated Revenue Assurance solution to help them combat this problem." Concluded Levy, "Our Revenue Assurance solution gives operators powerful tools to assure the accurate collection, processing and distribution of CDRs to billing systems, empowering operators to proactively identify fraudulent behavior and ensure the smooth operation of the entire billing process. Additionally, given that the applications that make up our Revenue Assurance solution are pre-integrated, this quickens implementation, resulting in faster time-to-market and enabling operators to realize fast return on investment." About TTI Telecom: TTI Telecom International Ltd. develops, markets and supports advanced, modular, integrated software products and services for operations support systems ("OSS") and network management systems ("NMS See NetWare Management System. ") in the telecommunications industry. The Company's solutions, based on its Netrac family of products, enable telecommunications service providers to improve the quality of existing services, streamline their operations in order to compete cost-effectively, maximize the return on their investment in network infrastructure and offer new services over complex networks. The Company's products manage mission-critical functions, such as fault management, performance management, configuration management and security management. Its growing family of Netrac NMS/OSS application tools is used by over 50 telecommunications service providers worldwide. Forward looking statements in this release involve a number of risks and uncertainties including, but not limited to, product demand, pricing, market acceptance, changing economic conditions, risks in product and technology development, the effect of the Company's accounting policies as well as certain other risk factors which are detailed in the Company's SEC filings. |
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