Rosh Ha’ayin, Israel - November 19, 2009 - 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, 2009.‎

Total revenues for the third quarter were $10.3 million, compared with $12.7 million in ‎the third quarter of 2008, and $10.7 million for the second quarter of 2009. Total ‎operating expenses were $4.9 million, compared to $7.0 million in the third quarter of ‎‎2008 and $5.3 million in the second quarter of 2009. ‎

Operating income for the third quarter was $744 thousands compared with an operating ‎loss of $441 thousands for the third quarter last year and an operating income of $644 ‎thousands in the second quarter of 2009. Net income for the third quarter was of $‎‏1‏‎.3 ‎million or $0.07 dollar per basic and diluted share, compared to a net loss of $1 million or ‎‎$0.06 dollar per basic share and diluted share in the third quarter of 2008, and net income ‎of $0.9 million or $0.05 dollar per basic and diluted share for the second quarter of 2009. ‎

Total revenues for the nine months ended September 30, 2009 were $31.8 million, ‎compared to $39.1 million in the nine months ended September 30, 2008. Total operating ‎expenses for the period were $15.4 million, compared to $21 million in the first nine ‎months of 2008.

Operating income for the nine months ended September 30, 2009 was $2 million ‎compared with operating income of $96 thousands in the comparable period in 2008. Net ‎income was $2.7 million or $0.14 dollar per basic and diluted share, compared to net ‎income of $119 thousands or $0.00 dollar per basic and diluted share for the first nine ‎months of 2008. ‎

As of September 30, 2009, the Company had approximately $30.1 million in cash and ‎liquid investments.‎

Commenting on this quarter’s results, Meir Lipshes, Chairman and CEO of TTI, said, ‎‎“This quarter, as the previous one, still stands in light of the continuing recession. Since ‎we do see an awakening in the market, we carefully look forward to seeing the results of ‎the fourth quarter. In preparation for a market awakening, we have decided to accelerate ‎our investment in the building of an LTE solution that will offer product capabilities and ‎additional services for the LTE domain. We believe that these investments will strengthen ‎TTI’s market position”.‎