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Technology Stocks : MER Telemanagement (MTSLF) - Internet/web Co.
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To: James F. Hopkins who wrote (56)4/27/1999 2:31:00 PM
From: blankmind  Read Replies (2) of 75
 
I think this is great news - b/c I think C. Mer owns like 70% of the shares. So if a shareholder owned 1% of the co. before, after the distrib, he will own like 2.5% of the co.

- I just can't understand why he's doing this - very nice of him - thanks.

Tuesday April 27, 2:03 pm Eastern Time

Company Press Release

SOURCE: MTS-MER Telemanagement Solutions Ltd.

MTS Reports a Proposed Distribution of Shares Held by C. Mer Industries Ltd.

BNEI BRAK, Israel, April 27 /PRNewswire/ -- MTS-MER Telemanagement Solutions Ltd. (Nasdaq: MTSLF - news), a leading supplier of call management and call
accounting solutions, today reported that its parent Company, C. MER Industries Ltd., a publicly traded company in Israel, has informed the Company that it intends to distribute, by means of a dividend, to its
shareholders all of the Ordinary Shares of the Company held by it. C. Mer is the owner of approximately 71% of the Company's outstanding shares. Such proposed distribution will be subject to regulatory approvals
in Israel and the filing of a registration statement with the U.S. Securities & Exchange Commission.

MER Telemanagement Solutions designs develops, markets and support a comprehensive line of telecommunications managemen
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