CTI Group Acquires a Leading UK Provider of Wireless Billing Solutions -- Ryder Systems Ltd

SmartBill® is sold directly to telecommunication service providers who then market and distribute the software to their enterprise customers. Using the Company's software and services, telecommunication service providers are able to electronically invoice their enterprise customers in a form and format that enables the enterprise customers to improve their ability to analyze, allocate and manage telecommunications expenses while reducing the resource investment required to process, validate, approve, and pay their telecommunication invoices. Telemanagement designs, develops and provides software and services used by enterprise, governmental and institutional end users to manage their telecommunications service and equipment usage. The Company's Telemanagement software product is Proteus™. Patent Enforcement involves the licensing, protection, enforcement and defense of the Company's intellectual property, including patents.

Safe Harbor Statement

This release may contain "forward-looking" statements. Examples of forward-looking statements include, but are not limited to: (a) projections of revenue, capital expenditures, growth, prospects, dividends, capital structure and other financial matters; (b) statements of plans and objectives of the Company or its management or Board of Directors; (c) statements of future economic performance; (d) statements of assumptions underlying other statements and statements about the Company and its business relating to the future; and (e) any statements using the words "could," "should," "anticipate," "expect," "may," "project," "intend," "will" or similar expressions. The Company's ability to predict projected results or the effect of events on the Company's operating results is inherently uncertain. Forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those discussed in this document, including, but not limited to, the risk that the Company may fail to realize all of the anticipated benefits of the acquisition of Ryder Systems Ltd, the risk that the Company will not be able to attract and retain customers to purchase its products, the risk that the Company will not be able to commercialize and market products; results of research and development; technological advances by third parties; competition; and future capital needs of the Company. You should not place any undue reliance on any forward-looking statements. The Company disclaims any intent or obligation to update forward-looking statements contained in this press release, and any such forward-looking statement speaks only as of the sale on which it is made. Readers are referred to documents filed by CTI Group with the U.S. Securities and Exchange Commission.

Contact: John Birbeck Phone: 317-262-4666

SOURCE:  CTI Group (Holdings) Inc

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