VanillaPlus

Woking, Surrey, UK. 26 July, 2010 -- In a brief announcement to the London Stock Exchange this morning, headlined "Response to Share Price Movement", the Board of Intec Telecom Systems plc ("Intec") stated:

"In view of today's share price movement, the Board of Intec Telecom Systems plc ("Intec" or "the Company") confirms that it is in highly preliminary discussions with a third party which may or may not lead to an offer for the Company. Discussions are at a very early stage, and as such there can be no certainty as to whether any offer will be forthcoming nor as to the level at which any offer might be made. A further announcement will be made in due course."

This announcement follows VanillaPlus.com's exclusive report on April 29, 2010 alerting readers to a plunge in Intec's share price, market rumours surrounding Intec's possible sale, and linking the company to interest from Convergys and Oracle. Inevitably, Intec declined to comment on the rumours at the time, but there was known to be considerable satisfaction at the Grameenphone contract win.

When the shares climbed by over 38% to 76 pence this morning, VanillaPlus contacted Intec to ask for a comment. The above announcement followed an hour later.

Below is an extract from VanillaPlus.com's exclusive report on April 29, 2010 :

"The announcement (of a contract with Grameenphone of Bangladesh) comes as welcome good news after Intec's share price came under intense pressure when the company issued a surprise profits warning at the end of March. The London-listed share price fell to 58 pence from 94.5 pence, although it has since recovered to 63.5 pence. Financial analysts say this has made it vulnerable to takeover -- the company has been linked in the past to Convergys and Oracle."

The full VanillaPlus report can be found at:
http://www.vanillaplus.com/vplus/news.detail.php?nid=53&lm=cat