CTI Group swings to loss

August 15, 2008

Indianapolis-based CTI Group Holdings Inc. reported $533,412 in red ink in the second quarter after turning a $48,957 profit a year earlier.

The company, which focuses on software for enterprise networks and telecommunication services providers, attributed the loss to ongoing costs to enforce its patents.

CTI stock, which closed yesterday at 34 cents per share, has traded largely below 50 cents since 2002.

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