MIND CTI Announces Preliminary Results for Q1 2006

Press Release - April 26, 2006

Yoqneam, Israel, April 26, 2006
MIND CTI Announces Preliminary Results for Q1 2006

Expected Record Revenue of Approximately $5.2 Million

MIND CTI Ltd. (NasdaqNM:MNDO), a leading provider of convergent end-to-end billing and customer care solutions for VoIP, Mobile, Wireline and Quad-play carriers worldwide, will release financial results for its first quarter ended March 31, 2006 on Tuesday, May 9, 2006, after the market close. Based upon preliminary information, MIND expects to report for the first quarter of 2006:

Record revenue of approximately $5.2 million.
Net income, excluding amortization of intangible assets and equity-based compensation expense, of around $1M.
Diluted GAAP EPS of approximately 3 cents.

Monica Eisinger, MIND chairperson and chief executive officer, commented: "We continue to execute according to plan as we expect to report record revenue and our fourth consecutive quarter of sequential growth. Non-GAAP income, that excludes equity-based compensation expense (that will be reported for the first time in the first quarter of 2006) and amortization of intangible assets (related to our acquisitions), is expected to be close to our 20% operating income target. As planned, lately we increased our investment for the future, both in marketing and R&D and we expect that this investment, our pipeline and Q1's new wins will lead to growth in the coming quarters." Conference Call Information MIND will host a conference call on Wednesday, May 10, at 8:30 a.m., Eastern Time, to discuss the Company's first quarter results as well as other financial and business information, including trends and guidance for the near future. The call will be carried live on the Internet via www.fulldisclosure.com. and the MIND website, www.mindcti.com. For those unable to listen to the live web cast, a replay will be available.

About MIND
MIND CTI Ltd. is a leading provider of convergent prepaid and postpaid end-to-end billing and customer care solutions for VoIP, Mobile, Wireline and Quad-play carriers worldwide. Since 1997 MIND has been a pioneer in enabling the VoIP technology for emerging and incumbent service providers. In August 2005 MIND acquired Sentori, Inc., a US based provider of customer care and billing solutions to wireless carriers and mobile virtual network operators (MVNO's). Sentori, Inc. brings over ten years of wireless experience staff and seven years of a wireless operational solution to carriers. MIND operates from offices in Europe, Israel and the United States. For financial information, reports and presentations, please visit the Investor Relations site: http://www.mindcti.com/ir

Cautionary Statement for Purposes of the "Safe Harbor" Provisions of the Private Securities Litigation Reform Act of 1995: All statements other than historical facts included in the foregoing press release regarding the Company's business strategy are "forward-looking statements." These statements are based on management's beliefs and assumptions and on information currently available to management. Forward-looking statements are not guarantees of future performance, and actual results may materially differ. The forward-looking statements involve risks, uncertainties, and assumptions, including the risks discussed in the Company's filings with the United States Securities Exchange Commission. The Company does not undertake to update any forward-looking information.

For more information please contact:

Andrea Dray
MIND CTI Ltd.
Tel: +972-4-993-6666
investor@mindcti.com

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