MER Telemanagement Solutions Ltd., Annual General Meeting, Oct 07, 2009, at 10:30 Israel Standard Time. Location: 14 Hatidhar Street, Ra'anana,Israel. Agenda: To reelect six directors for terms expiring at 2010 Annual General Meeting of Shareholders; to ratify and approve the employment terms of Mr. Roger Challen, a director, in connection with his employment as the General Manager of AnchorPoint telecommunications expense management solution operations; to approve the compensation to be paid to Mr. Yaacov Goldman in consideration for his service as a director and audit committee chairman; to ratify and approve the reappointment of Kost Forer Gabbay & Kasierer, registered public accountants, a member of Ernst & Young Global, as independent registered public accountants for the year ending December 31, 2009, and to authorize Board of Directors to delegate to the Audit Committee the authority to fix such independent registered public accountants' compensation in accordance with the volume and nature of their services; to review and discuss auditor's report and consolidated financial statements for the year ended December 31, 2008.

MER Telemanagement Solutions Ltd. announced financial results for the second quarter and six month periods ended June 30, 2009. Revenues for the second quarter of 2009 were $2.9 million, compared with $2.4 million for the same quarter last year. The company's operating loss was $394,000 in the second quarter of 2009 compared to an operating loss of $113,000 for the second quarter of 2008. Loss before taxes on income and net loss for the second quarter was $414,000 or $0.05 per diluted share, compared with a loss before taxes on income and net loss of $156,000 or $0.02 per diluted share in the second quarter of 2008. The quarter's results were negatively affected by the unstable market and economic environment as well as the impact of the integration of the AnchorPoint operations and the resulting higher amortization of intangible assets. Revenues for the six month period ended June 30, 2009 were $5.7 million, compared with $4.8 million for the comparable period in 2008. Loss before taxes on income and net loss for the six months ended June 30, 2009 was $678,000 or $0.08 per diluted share, compared with a income before taxes on income and net profit of $183,000 or $0.03 per diluted share in the comparable period in 2008. Operating loss was $716,000 against $138,000 a year ago. The results for the three and six month periods ended June 30, 2009 include the operations of the AnchorPoint business that was acquired in December 2008.

MER Telemanagement Solutions Ltd. reported consolidated earnings results for the first quarter ended March 31, 2009. Revenues for the first quarter of 2009 were $2.8 million, compared with revenues of $1.9 million in the fourth quarter of 2008 and $2.4 million at the same quarter last year. The results of the first quarter of 2009 include the operations of the AnchorPoint business that was acquired in December 2008. The Company's operating loss was $322,000 in the first quarter of 2009 compared to an operating loss of $25,000 for the first quarter of 2008. Net loss for the first quarter was $264,000 or $0.03 per diluted share, compared with a net profit of $339,000 or $0.05 per diluted share in the first quarter of 2008. The results of the first quarter of 2008 include a capital gain of approximately $382,000 from the sale of ownership interest in cVidya Networks Inc.