Super-Sol Ltd. Announces the Appointment of Chief Financial Officer.RISHON LEZION Rishon LeZion (Hebrew: ראשון לציון, lit. first to Zion), is a city on Israel's central coastal plain, south of Tel Aviv. , Israel--(BUSINESS WIRE)--October 20, 1999-- Super-Sol Ltd. (NYSE NYSE See: New York Stock Exchange : SAE), Israel's leading supermarket chain, announced today that effective October 15th, Mr. Itzik Zion, C.P.A replaced Mr. Yehuda Freidenberg as Chief Financial Officer ("CFO See Chief Financial Officer. ") of the Company. Prior to joining Super-Sol, Mr. Zion served between November 1995 and September 1999 as the CFO of New Dimension Software Ltd. an Israeli software company that was traded on the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on until being recently sold in a cash transaction to BMC software for 650 million US dollars. Commenting on the appointment, Mr. Amiaz Sagis, President of Super-Sol Ltd. said: "We are all welcoming Itzik Zion to the Company. We are sure that Mr. Zion will have a big contribution to the Company and will assist us in achieving our goals. We thank Yehuda for his service. We wish him good luck and success in future endeavors." Commenting on the appointment Mr. Zion said: "I am very excited to join the Super-Sol family. I am looking forward to assisting the company in achieving its goals and to being part of Super-Sol's entrance into to the new millennium." Super-Sol is Israel's leading supermarket chain in terms of revenues accounting for approximately 38% of goods sold in Israeli supermarkets. In the US, Super-Sol's American Depositary Shares American Depositary Share (ADS) Foreign stock issued in the US and registered in the ADR system. , each equivalent to five ordinary shares, are traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol "SAE". Prices may be accessed on Reuters with the symbol SAEN SAEN Stop Animal Exploitation Now , and the Reuters Equities 2000 Services, Quotron and Bloomberg under the symbol SAE. The statements contained in this release which are not historical facts contain forward-looking information with respect to plans, projections, or future performance of the Company, the occurrence of which involve certain risks and uncertainties, including risk of market acceptance, the effect of economic conditions, the impact of competitive pricing, supply constraints, the effect of the Company's accounting policies, as well as certain other risks and uncertainties which are detailed in the Company's filings with the Securities and Exchange Commission, particularly the prospectus with respect to its public offering in October 1997. |
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