Rosh Ha’ayin, Israel — November 12, 2008 - TTI Team Telecom International Ltd. (NASDAQ: TTIL), (‘the Company’), a global supplier of Operations Support Systems (OSS) to communications service providers, today announced results for the third quarter ended September 30, 2008.

Total revenues for the third quarter were $13.2 million, compared with $11.7 million in the third quarter of 2007, and $14.3 million for the second quarter of 2008. Total operating expenses were $7.1 million, compared to $6.0 million in the third quarter of 2007 and $7.5 million in the second quarter of 2008.

Operating loss for the third quarter was $419,000 compared with operating income of $437,000 for the third quarter last year and operating income of $531,000 in the second quarter of 2008. Net loss for the third quarter was of $1 million or $0.06 dollar per basic and diluted share, compared to a net income of $1 million or $0.05 dollar per basic share and diluted share, in the third quarter of 2007 and net income of $260,000 or $0.01 dollar per basic and diluted share, for the second quarter of 2008.

Total Revenues for the nine months ended September 30, 2008 were $40.6 million, compared to $33.7 million in the nine months ended September 30, 2007. Total operating expenses for the period were $21.3million, compared to $18.1 million in the first nine months of 2007.

Operating income for the nine months ended September 30, 2008 was $585,000 compared with operating income of $62,000 in the comparable period in 2007. Net income was $119,000 or $0.01 dollar per basic and diluted share, compared to net income of $1.8 million or $0.10 dollar per basic and diluted share for the first nine months of 2007.

As of September 30, 2008, the Company had approximately $25.6 million in cash and liquid investments.

Commenting on this quarter’s results, Meir Lipshes, CEO of TTI, said “The global economic slowdown is affecting TTI Telecom. We see a notable deceleration in the pace of decision making processes at customers' sites.

Mr. Lipshes continued saying, "We are taking precautionary steps to adjust our operating expenses on one side while pushing to keep a positive pipeline on the other side."