PRESS RELEASE
Intec Telecom Systems
Interim Management Statement
London, August 19th, 2009: Intec Telecom Systems PLC ("Intec" or the
"Group"), a global provider of business support systems solutions,
reports its Interim Management Statement for the period from 1 April
2009 to 18 August 2009.
New business in the third quarter was consistent with our
expectations and included the closure of the two strategic contracts,
noted in the first half year results and announced to the market in
July. In addition, we are pleased to announce today a multi-million
US dollar contract with a new customer in North America for the
deployment of Intec's portfolio of products, including Intec
Convergent Billing and Intec Total Service Mediation. All our sales
regions performed well despite difficult global market conditions
and performance in Asia Pacific has benefited from the change in
leadership earlier in the year.
Our focus continues to be on maximising revenue from existing
customers and investing in areas that provide the best opportunities
for new customer revenue growth. Together these will help build our
pipeline and backlog for FY10. Business optimisation and the
development of our product portfolio continue to be a priority to
improve our competitive advantage.
Our balance sheet remains strong with in excess of £50million of cash
and no debt. On 15 May 2009 we gained approval from the High Court of
Justice for a capital reorganisation, enabling the Company to
eliminate the accumulated deficit on its profit and loss account.
The Board remains confident of the outlook for the full year.
The Group expects to release its preliminary results for the year
ending 30 September 2009 on 24 November 2009.
Enquiries:
Intec Telecom Systems PLC www.intecbilling.com
Andrew Taylor, Chief Executive Officer +44 (0)1483 745 800
Robin Taylor, Finance Director
FD
Juliet Clarke/Giles Sanderson/Haya Herbert-Burns +44 (0)20 7831 3113
About Intec
Intec supplies solutions to over 60 of the world's top 100 telecoms
carriers, and is one of the world's fastest growing suppliers of
Business Support Systems (BSS) solutions.
Intec's 400 plus customers include AT&T, Antel, Cable & Wireless, The
Carphone Warehouse (UK), China Unicom, Deutsche Telekom, Eircom
(Ireland), France Telecom, Hutchison 3G, O2, Orange, T-Mobile,
Telefonica, Vodafone, Virgin Mobile, Vivo and Verizon. Intec works
closely with its customers, many of whom have been with Intec since
its inception, to add real value and ROI to their business by
providing the highest standards of performance, flexibility and
robustness to help communications service providers service their
customers effectively and profitably.
* Retail billing and customer management
* Multi-service mediation and activation
* Inter-carrier billing settlements including US CABS and
ITU-based settlement
* End-to-end content partner management
* Optimised wholesale routing and trading
* Real-time pre/post-paid mediation and charging
* Pre-integrated solutions for wholesale, wireless and core
IMS charging functions
Founded in 1997, Intec is listed on the London Stock Exchange (ITL.L)
and has over 1,600 staff and 31 offices in 24 countries. For more
information, visit the Intec website at www.intecbilling.com.
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