ASHER KUTNER - NEW PRESIDENT OF MANOF COMMUNICATIONS SYSTEMS (INTERNATIONAL) LTD. RON ZOR - VICE PRESIDENT BUSINESS DEVELOPMENT OF OSHAP.HERZLIAH, ISRAEL--(BUSINESS WIRE)--DECEMBER 28, 1995--Mr. Shlomo Shlomo, meaning peace, is a common Hebrew male given name. The following individuals are often referred to only by the name Shlomo:
Mr. Kutner has been the General Manager and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of the Company's subsidiary Tecnomatix Technologies Ltd. until the end of 1993 and subsequently served as a managing director of Orbot Instruments Ltd., a leading supplier of inspection equipment to the semi-conductors industry. Commenting on the appointment, Mr. Dovrat stated, "We are very pleased that Mr. Kutner rejoins Oshap and we believe that his extensive experience in leading fast growing companies will be valuable to Manof in its transition to become an international supplier of intelligent information flow solutions. Manof, which is not yet profitable, is currently expanding and reorganizing its sales and support organizations in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Europe". Mr. Ron Zor, former President of Manof will join Oshap as Vice President Business Development and will assist the Company in implementing its strategy as a group focused on the software business. Oshap is a majority shareholder of Tecnomatix Technologies Ltd. (NASDAQ/NM Symbol: TCNOF), a leader in the emerging computer aided production engineering (CAPE) market, and of Manof Communications Systems (International) Ltd., a provider of intelligent information flow solutions primarily for the financial market. Oshap also holds an interest (approximately 46.3%) in Decalog B.V., a company that provides software products and consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" for automating portfolio management and dealing rooms operations. In addition, Oshap also has approximately 37.1% holding in Pegard Productics S.A., a Belgian Belgian having some relationship to Belgium. Belgian barge dog see schipperke. Belgian black pied cattle black, Belgian dairy cattle. Belgian blue dual-purpose cattle; blue, white or blue roan. supplier of flexible machining centers. CONTACT: Company Contact: Avi Zeevi Chief Financial Officer 011-972-9-594-894 OSHAP TECHNOLOGIES LTD. DELTA HOUSE, 16 HAGALIM AVENUE HERZLIAH 46733 ISRAEL |
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