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ECtel Receives Follow-On Order for Implementation of Fraud Detection & Prevention Solution22 January 2005
ECtel Ltd. (Nasdaq: ECTX - News), a leading provider of Fraud Prevention and Revenue Assurance solutions, today announced that a major Latin American telecom operator has decided to extend the implementation of FraudView(TM) to include its mobile networks. The repeat order is valued at several hundred thousand dollars.
(Logo: http://www.newscom.com/cgi-bin/prnh/20010807/FLTU015LOGO ) ECtel's FraudView solution is a cost-effective modular solution that has build-in capabilities to serve all types of networks. It enables expansion by functionality, traffic volume and types of services without the need to purchase new systems.
Mr. Eitan Naor, President and CEO of ECtel commented: "This major Latin American operator, after realizing significant savings from the initial deployment of FraudView(TM) across its fixed networks, has decided to also enhance its mobile networks counter-fraud capabilities. This decision once again validates our solution's performance, its unique capabilities and its evident economic benefits. We are confident that this follow-on order will, once again, provide this customer with fast ROI and prove to be highly cost-effective. We are proud to be the leading provider of fraud prevention solutions in the Latin American market and hope to further enhance our position in that market."
About ECtel Ltd.
ECtel is a leading global provider of cutting-edge Fraud Prevention and Revenue Assurance solutions for converged telecommunications networks. Based on proprietary state-of-the-art hardware and software technologies, ECtel's cost-effective systems are used by premier telecommunications operators throughout the world. ECtel Ltd. is traded on Nasdaq under the symbol ECTX. For additional information, visit the ECtel web site at 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, the slow down in expenditures by telecom operators the unpredictability of the telecom market, product and market acceptance risks, the impact of competitive pricing, product development, fluctuations in quarterly and annual results of operations, dependence on several large customers, commercialization and technological difficulties, risks related to our operations in Israel, and other risks detailed in the Company's annual report on Form 20-F and other filings with the Securities and Exchange Commission. ECtel undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Contacts: ECtel Ltd. ECtel Ltd. Avi Goldstein Danit Hakimian Senior Vice President and CFO Investor Relations Coordinator Tel: +972-3-9266102 Tel: +972-3-9266113 Fax: +972-3-9266103 Fax: +972-3-9266103 Email: Avig@ectel.com Email: Danith@ectel.com
-------------------------------------------------------------------------------- Source: ECtel Ltd.
Source: PR Newswire via Yahoo
All trademarks and copyrighted information contained herein are the property of their respective owners.
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