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ECtel Issues Notice of Extraordinary Meeting of Shareholders and Proxy Statement
Friday, November 06, 2009
ROSH HA'AYIN, Israel, November 6 /PRNewswire-FirstCall/ -- ECtel Ltd.
(NASDAQ: ECTX), announced today that it has issued a notice and proxy
statement in connection with its extraordinary meeting of the company's
shareholders to be held at 10:00 a.m (Israel time) on Friday, December 11,
2009, at the executive offices of ECtel at 10 Amal Street, Park Afek, Rosh
Ha'ayin, Israel. The detailed notice and proxy statement to the shareholders
is being mailed on or about November 6, 2009. A copy of such notice and proxy
statement has been submitted to the United States Securities and Exchange
Commission and may be viewed at http://www.sec.gov and on the company's
website at http://www.ectel.com.
(Logo: http://www.newscom.com/cgi-bin/prnh/20010807/FLTU015LOGO )
At the meeting the company's shareholders will be requested to vote on,
among other matters, approval of the agreement and plan of merger by and
among the company, cVidya Networks Inc. and a subsidiary of cVidya.
About ECtel
ECtel (NASDAQ:ECTX) is a leading global provider of Integrated Revenue
Management(TM) (IRM(R)) solutions for communications service providers. A
pioneering market leader for nearly 20 years, ECtel offers carrier-grade
solutions that enable wireline, wireless, converged and next generation
operators to fully manage their revenue and cost processes. ECtel serves
prominent Tier One operators, and has more than 100 implementations in over
50 countries worldwide. Established in 1990, ECtel maintains offices and
presence in the Americas, Europe and Asia. For more information, visit
http://www.ectel.com.
Certain statements contained in this release contain forward-looking
information with respect to plans, projections or future performance and
products of the Company, the occurrence of which involves certain risks and
uncertainties. Although we believe the expectations reflected in such
forward-looking statements are based upon reasonable assumptions, we can give
no assurance that our expectations will be obtained or that any deviations
will not be material. Such statements involve risks and uncertainties that
may cause future results to differ from those anticipated. These risks
include, but are not limited to, the effects of general economic conditions,
the possible slow-down in expenditures by telecom operators, adverse effects
of market competition and the impact of competitive pricing and offerings,
,the reoccurrence of sales to existing customers, the ability to recognize
revenue in future periods as anticipated, the unpredictability of the telecom
market, product and market acceptance risks, ability to complete development
and market introduction of new products, 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 risks associated with operating businesses in the
international market. These and other risks are discussed at greater length
in the Company's annual report on Form 20-F and other filings with the
Securities and Exchange Commission. ECtel may elect to update these
forward-looking statements at some point in the future, however the Company
specifically disclaims any obligation to do so and 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.
Company Contacts: IR Contacts:
Mickey Neumann Ehud Helft \ Kenny Green
Senior Vice President and CFO GK Investor Relations
Tel: +972-3-9002115 Tel: +1-617-418-3096 \
Email: Mickeyne@ectel.com; +1-646-201-9246
ir@ectel.com Email: info@gkir.com
SOURCE ECtel Ltd
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