RA’ANANA, Israel / River Edge, NJ, USA – June 20, 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 Mr. Tzvika Friedman has resigned from the Board of Directors of MTS subsequent to the sale of the
assets of Vexigo Ltd.
Tzvika Friedman joined the Board of MTS on April 1, 2015 in conjunction with the closing of the acquisition of Vexigo Ltd. “It has
been a pleasure being a part of the MTS board of directors. We’ve faced multiple challenges and I appreciate the work and
collaboration with all board members and management in facing them and moving the Company forward,” said Tzvika Friedman.
MTS’s Chairman of the Board, Haim Mer, said, “I value Tzvika’s strategic vision and am appreciative of his contribution and service
to our company. The Board and management of MTS would like to thank Tzvika for his time and dedication to MTS and we wish him
well in his future business endeavors.”
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.