F.T.S-Formula Tele: Holding(s) in Company | Company Announcements

Tuesday 28 August, 2007

F.T.S-Formula Tele

Holding(s) in Company

F.T.S-Formula Telecom Solutions Ltd
28 August 2007


                     F.T.S. - FORMULA TELECOM SOLUTIONS LTD

                               Holding in Company

FTS - Formula Telecom Solutions Ltd. (LSE: FTS), a global provider of business
control, billing and CRM solutions for communications service providers, was
informed on 26 August 2007 that Formula Vision Technologies Ltd purchased 15,000
ordinary shares in the Company on 23 August 2007. Formula now holds 14,551,000
ordinary shares, representing approximately 44.5% per cent. of the issued share
capital in the Company.

Enquiries:

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

Seymour Pierce Limited
Mark Percy          Tel: +44 (0) 207 107 8000, markpercy@seymourpierce.com




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