Formula Telecom Solutions Presents its Business Control and Charging Foundation at 3GSM Barcelona

Exhibition Follows Acquisition of Viziqor and Period of Heavy Sales Activity

January 30, 2006

Herzliya, Israel | January 30, 2006: Formula Telecom Solutions, Ltd. (LSE: FTS), a global provider of Billing and CRM solutions for service and content providers and the telecom industry, today announced that it will be exhibiting its industry leading Business Control and Charging Foundation (BCCF) at the 3GSM 2006 World Conference in Barcelona, Spain in February.  The BCCF platform supports the FTS Leap Family of real-time business control, rating, billing and customer care solutions which has generated tens of millions of dollars of revenue in the last three months alone.

FTS’ presentation at the 3GSM World Conference and Exhibition follows a period of exceptional activities for FTS, including strong sales, the completion of the acquisition of US based Viziqor Solutions, Inc., and the strengthening of FTS' executive staff with the appointment of Shaul Ganel as President, North American Division and Yair M. Sakov as Vice President of Marketing and Business Development.  Its aggressive growth path and its proven ability to support any type of service provider enable FTS to fully address the needs of operators who want to acquire new customers and retain their current ones.  Industry analysts have cited FTS for its innovative solutions and its in-depth understanding of the direction in which the market is moving.

"I would like to invite all those who are looking to provide today’s and tomorrow’s services to see how our Business Control and Charging Foundation can improve how they interact with their customers and substantially improve retention," said Yair M. Sakov, Vice President of Marketing and Business Development.  "We're giving providers more control over their business and enabling subscribers to enjoy personalization of the services they purchase. Furthermore, our Telco-specific CRM solution has been highlighted as one of the key reasons to our growth in 2005.  For anybody who wants to get a glimpse into where billing and CRM are headed, I urge you to visit us in Barcelona."

FTS will be exhibiting in Hall 1, Booth C03.  For private appointments, please e-mail inbal3gsm@fts-soft.com.

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About Formula Telecom Solutions (FTS)
Formula Telecom Solutions (LSE: FTS) is a leading global provider of billing and CRM solutions for service and content providers and the telecom industry. With 70 plus customers on six continents, FTS delivers end-to-end and modular solutions to traditional operators and to providers of the world’s most advanced next-generation services. FTS' track record of implementing complex projects enables customers to keep up with the ever-changing requirements of the industry. Combining on-time, on-budget project delivery with the extensive resources of the Formula Group (NASDAQ: FORTY), FTS is a CRM and billing one-stop shop. For more information, please visit us at www.fts-soft.com.

Except for the historical information contained herein, the matters discussed in this news release include forward-looking statements that may involve a number of risks and uncertainties. Actual results may vary significantly based upon a number of factors including, but not limited to, risks in product and technology development, market acceptance of new products and continuing product conditions, both here and abroad, release and sales of new products by strategic resellers and customers, and other risk factors detailed in the Company's most recent annual report and other filings with the Securities and Exchange Commission

For further information please contact:
F.T.S. - Formula Telecom Solutions Ltd.
Inbal Friedenstein, Marketing Communications Manager - inbal3gsm@fts-soft.com.

Ruder Finn
Glenn Jasper, Tel. +972-54-467-6981, glenn@ruderfinn.co.il