RA’ANANA, Israel / River Edge, NJ, USA – June 19, 2018 – MTS – Mer Telemanagement Solutions Ltd. (NASDAQ Capital
Market: MTSL), a global provider of telecommunications expense management (TEM) and enterprise mobility management (EMM)
solutions, announced today that its subsidiary, Vexigo Ltd., entered into an agreement to sell certain of its assets to an unaffiliated third
party. The consideration for the sale of assets is $250,000 receivable in three (3) installments. The first installment of $100,000 was
received during June 2018 and installments of $75,000 each will be received within three and six months of June, 2018. The future
payments are subject to reduction under certain circumstances.
Mer Telemanagement Solutions Ltd. (MTS) is focused on innovative products and services for enterprises in the area of telecom
expense management (TEM) and Call Accounting. Headquartered in Israel, MTS markets its solutions through wholly-owned
subsidiaries in Israel, the U.S and Hong Kong, as well as through distribution channels. For more information please visit the MTS web
Certain matters discussed in this news release are forward-looking statements that involve a number of risks and uncertainties
including, but not limited to, risks in product development plans and schedules, rapid technological change, changes and delays in
product approval and introduction, customer acceptance of new products, the impact of competitive products and pricing, market
acceptance, the lengthy sales cycle, proprietary rights of the Company and its competitors, risk of operations in Israel, government
regulations, dependence on third parties to manufacture products, general economic conditions and other risk factors detailed in
the Company’s filings with the United States Securities and Exchange Commission.