Mer Telemanagement Solutions (MTSL) Reports Q1 Loss of $0.05/Share

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MTS Announces First Quarter 2015 Financial Results

May 7, 2015 8:01 AM EDT

RA'ANANA, Israel, May 7, 2015 /PRNewswire/ -- MTS Mer Telemanagement Solutions Ltd. (Nasdaq Capital Market: MTSL), a provider of mobile virtual network enabler, mobile money and telecommunications expense management solutions and services, today announced its financial results for the first quarter of 2015.

As previously announced, the Company's shareholders at an extraordinary general meeting that took place on April 1, 2015, approved the acquisition of Vexigo Ltd. and Vexigo now operates as a wholly-owned subsidiary of MTS. As the closing of the acquisition of Vexigo occurred on April 1, 2015, its results will be consolidated in... More