TTIL Tti Team Telecom International Ltd. (MM)

TTI Team Telecom International Ltd. (NASDAQ: TTIL), ("TTI Telecom"), a global supplier of Operations Support Systems (OSS) to communications service providers, today announced that its 2006 Annual General Meeting of Shareholders will be held on Thursday, December 28, 2006 at 5:00 p.m. (Israel time), at the offices of the Company, 7 Martin Gehl Street, Kiryat Aryeh, Petach Tikva, Israel. The record date for the meeting is November 27, 2006. TTI Telecom will send to its shareholders of record a proxy statement describing the various matters to be voted upon at the meeting, along with a proxy card enabling them to indicate their vote on each matter. TTI Telecom will also furnish the proxy statement to the Securities and Exchange Commission (SEC) on Form 6-K in the next few days. The agenda of the meeting is as follows: (1) To re-appoint Kost, Forer, Gabbay & Kasierer as the Company�s independent auditors until the next annual general meeting of shareholders, and to authorize the board of directors of the Company to fix their remuneration in accordance with the volume and nature of their services, or to delegate to the Audit Committee thereof to do so; (2) To re-elect Meir Lipshes, Meir Dvir, Ilan Toker, and Lior Bregman to the Company�s board of directors; (3) To re-elect Doron Zinger as an outside director for an additional three year term commencing on April 1, 2007; (4) To approve the grant of options to members of the Company�s board of directors (excluding Meir Lipshes); (5) To approve the extension of the exercise period of options granted to Mr. Meir Lipshes, the Chairman of the Company�s board of directors; (6) To consider the financial statements of the Company for the year ended December 31, 2005; and (7) To transact such other business as may properly come before the Meeting or any adjournment thereof. Items 1 through 5 require the approval of a simple majority of the shares voted on the matter. Item 6 does not require a vote by the shareholders. About TTI Telecom: TTI Team Telecom International Ltd. offers advanced, modular and integrated software products and services for Operations Support Systems (OSS) to communications service providers. TTI Telecom is uniquely positioned to bridge legacy and next-generation, convergent network and service infrastructures with its Netrac-based service assurance, fulfillment and revenue assurance solutions. With Netrac, service providers can reduce operating costs, enhance profitability and launch new, revenue-generating services more rapidly. Over 70 service providers worldwide have deployed TTI Telecom's solutions, supported by offices globally. For additional information, please visit www.tti-telecom.com. Forward looking statements in this release involve a number of risks and uncertainties including, but not limited to, product demand, pricing, market acceptance, changing economic conditions, risks in product and technology development, the effect of the Company�s accounting policies as well as certain other risk factors which are detailed in the Company�s SEC filings. TTI Team Telecom International Ltd. (NASDAQ: TTIL), ("TTI Telecom"), a global supplier of Operations Support Systems (OSS) to communications service providers, today announced that its 2006 Annual General Meeting of Shareholders will be held on Thursday, December 28, 2006 at 5:00 p.m. (Israel time), at the offices of the Company, 7 Martin Gehl Street, Kiryat Aryeh, Petach Tikva, Israel. The record date for the meeting is November 27, 2006. TTI Telecom will send to its shareholders of record a proxy statement describing the various matters to be voted upon at the meeting, along with a proxy card enabling them to indicate their vote on each matter. TTI Telecom will also furnish the proxy statement to the Securities and Exchange Commission (SEC) on Form 6-K in the next few days. The agenda of the meeting is as follows: (1) To re-appoint Kost, Forer, Gabbay & Kasierer as the Company's independent auditors until the next annual general meeting of shareholders, and to authorize the board of directors of the Company to fix their remuneration in accordance with the volume and nature of their services, or to delegate to the Audit Committee thereof to do so; (2) To re-elect Meir Lipshes, Meir Dvir, Ilan Toker, and Lior Bregman to the Company's board of directors; (3) To re-elect Doron Zinger as an outside director for an additional three year term commencing on April 1, 2007; (4) To approve the grant of options to members of the Company's board of directors (excluding Meir Lipshes); (5) To approve the extension of the exercise period of options granted to Mr. Meir Lipshes, the Chairman of the Company's board of directors; (6) To consider the financial statements of the Company for the year ended December 31, 2005; and (7) To transact such other business as may properly come before the Meeting or any adjournment thereof. Items 1 through 5 require the approval of a simple majority of the shares voted on the matter. Item 6 does not require a vote by the shareholders. About TTI Telecom: TTI Team Telecom International Ltd. offers advanced, modular and integrated software products and services for Operations Support Systems (OSS) to communications service providers. TTI Telecom is uniquely positioned to bridge legacy and next-generation, convergent network and service infrastructures with its Netrac-based service assurance, fulfillment and revenue assurance solutions. With Netrac, service providers can reduce operating costs, enhance profitability and launch new, revenue-generating services more rapidly. Over 70 service providers worldwide have deployed TTI Telecom's solutions, supported by offices globally. For additional information, please visit www.tti-telecom.com. Forward looking statements in this release involve a number of risks and uncertainties including, but not limited to, product demand, pricing, market acceptance, changing economic conditions, risks in product and technology development, the effect of the Company's accounting policies as well as certain other risk factors which are detailed in the Company's SEC filings.