Interim Management Statement

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. ---END OF MESSAGE--- This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
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