The Company's Audit Committee and Board of Directors Approved an Update to the Compensation Terms of Mr. Yaakov Goldman that are Equal to the Amounts Paid to the Company's Outside Directors.

Mer Telemanagement Solutions Ltd. is a worldwide provider of solutions for telecommunications expense management (NASDAQ: MTSL) and billing solutions.

MER Telemanagement Solutions Ltd.(NASDAQ:MTSL) slipped 7.29% and closed at $1.91.The Company posted first quarter revenues of $3.3 million compared to $3.0 million in revenues during the same quarter last year.

MER Telemanagement Solutions Ltd (MTSL) went from the $2 range to the $5 range when I said it would double. (The company subsequently lost a major customer for 2014 on after it had renewed for 2013.