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

London, UK, | December 19, 2008: FTS (LSE: FTS), a global provider of Billing, CRM and Business Control solutions for communications and content service providers, today announced that CEO Amos Sivan will be stepping down from his role after 12 years in that position.  Mr Sivan will remain on the Board of Directors and will continue to actively promote FTS' growth.

Mr. Asher Polani, an industry expert with a reputation for redirecting companies and accelerating growth, will replace Mr. Sivan as the company's new CEO.  Under Mr. Polani's leadership, the company will examine future options for expanding and developing its offering in new and existing markets.

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About FTS  

FTS (LSE: FTS) is a leading provider of Billing, CRM and Business Control solutions for communications and content service providers. 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. For more information please visit http://www.fts-soft.com/.

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Enquiries:

Sonus PR for FTS

Martin Smith, Tel. +44 20 7851 4821, martin.smith@sonuspr.com 

Seymour Pierce Limited

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

FTS

investors@fts-soft.com