F.T.S-Formula Telecom Solutions Ltd
19 July 2007


                     F.T.S. - Formula Telecom Solutions Ltd
                                        
                                  Contract Win

Herzliya, Israel | 18 July, 2007: FTS (LSE: FTS), a global provider of Business
Control, Billing and CRM solutions for communications service providers, today
announces that it has signed a multi-million dollar agreement in a
Western-African country. Based on the contract, FTS will provide the customer
with its market-leading telecommunications solutions.

'FTS has a proven track record in Africa, and is actively pursuing further
growth opportunities across the continent,' said Alon Raz, Chief Financial
Officer, FTS. 'This contract joins a number of recent wins in the US and Europe,
highlighting our global strategy and reach.'

About FTS
FTS (LSE: FTS) is a leading provider of Business Control, Billing and CRM
solutions for communications service providers. FTS pioneered the Business
Control Layer market and is the leading player in the space. By analyzing events
from a business standpoint rather than just billing them, FTS allows providers
to better understand their customer base and leverage business value from every
event and interaction. FTS deploys its full range of end-to-end, stand-alone and
add-on solutions to customers in over 40 countries and has implemented solutions
in wireless, wireline, cable, content and broadband markets including multiple
cross-network installations. Serving the evolving needs of both traditional and
next generation service providers, the company's operations comprise four
international R&D locations and strategically-located sales support offices
worldwide. FTS is one of EMEA's fastest growing technology companies,
consistently earning a place within the Deloitte Technology Fast-500 EMEA
listing.

FTS was recently voted the 'Most Promising Company' at the prestigious 2007
TeleStrategies Billing and OSS World industry event. The award was presented to
FTS as it was felt the company will have the biggest impact on the sector in the
coming year. For more information please visit http://www.fts-soft.com/.

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For further information please contact:

Sonus PR for FTS
Patrick Smith, Tel. +44 20 7851 4890, patrick.smith@sonuspr.com

FTS
Moshe Peterfreund, Tel. +972-9-952-6536, press@fts-soft.com

Nominated Adviser and Broker to FTS
Seymour Pierce Limited
Mark Percy, Tel. +44 (0)20 7107 8000




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