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MIND C.T.I. Ltd. CEO Discusses Q3 2010 Results – Earnings Call Transcript

MIND C.T.I. Ltd. (MNDO)

Q3 2010 Earnings Call Transcript

November 11, 2010 10:30 am ET

Executives

Andrea Dray – IR

Monica Iancu – Chairperson and CEO

Analysts

Manoj Nadkarni – ChipInvestor Group

Presentation

Operator

Good day and welcome to the MIND's Q3 2010 Earnings Conference Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Ms. Andrea Dray. Please go ahead, madam.

Andrea Dray

Thank you, Sarah. Thank you. Good morning everyone and welcome to MIND’s conference call. Before we begin, I would like to point out that during this call, we will discuss certain financial information that is not prepared in accordance with GAAP. The company's management uses its financial information and internal analysis in order to exclude the effects of acquisitions and other significant items that may have a disproportionate effect in a particular period.

Accordingly, management believes that isolating the effects of such events enables management and investors to consistently analyze the critical components and results of operations of the company's business and to have a meaningful comparison to prior periods.

Also, this call includes information that constitutes forward-looking statements. Although we believe that expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations will not be material.

Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include but are not limited to the effects of general economic conditions and such other risks as discussed in our earnings release and at greater length in the company's filings with the SEC.

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