VeriFone CEO Bergeron Meets with Israeli Prime Minister Olmert Prior to Closing of Lipman Acquisition.Douglas Bergeron and Ehud Olmert Discuss VeriFone's Investment in Israel ROSH HAAYIN Rosh HaAyin (רֹאשׁ הָעָיִן Roš HaʻÁyin "head of the eye/head of the well") is a city in the Center District of Israel in Israel. , Israel -- VeriFone Holdings, Inc. (NYSE NYSE See: New York Stock Exchange : PAY) Chairman and Chief Executive Officer Douglas G. Bergeron, met today with Israeli Prime Minister Ehud Olmert to formally introduce VeriFone and to discuss the planned November 1 closing of VeriFone's acquisition of Lipman Electronic Engineering Ltd. (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 : LPMA LPMA Louisiana Psychiatric Medical Association LPMA Local Preachers' Mutual Aid Association (Methodist Church of Great Britain) LPMA Loose Parts Monitor Assembly LPMA Lembaga Pemberdayaan Maskyarakat Adat )(TASE TASE Tel Aviv Stock Exchange TASE The All Seeing Eye TASE Tactical Air Support Element TASE Thrust Assessment Support Environment TASE Telecontrol Application Service Elements (IEC communications protocol) : LPMA). Bergeron discussed VeriFone's plans for its operations in Israel after the closing of the transaction. "I am delighted to return to Israel prior to Lipman becoming a part of the VeriFone family," said Bergeron. "Throughout its history, Lipman has established itself as a leader in the global electronic payment market and as a leader of commerce and industry in Israel. We look forward to carrying on this rich tradition under the VeriFone brand. The combined company will benefit greatly from Lipman's world class manufacturing and R&D capabilities in Israel, and we plan to invest in this segment of our business to ensure its continued success going forward." About VeriFone Holdings, Inc. (www.verifone.com) VeriFone Holdings, Inc. ("VeriFone") (NYSE: PAY), a global leader in secure electronic payment technologies, provides expertise, solutions and services for today with a migration strategy for tomorrow. VeriFone delivers solutions that add value to the point of sale, resulting in improved merchant retention and the generation of new sources of revenue for its partners and customers. VeriFone solutions are specifically designed to meet the needs of vertical markets including financial, retail, petroleum, government and healthcare. About Lipman Electronic Engineering Ltd. Lipman Electronic Engineering Ltd. ("Lipman") (NASDAQ: LPMA)(TASE: LPMA) is a leading worldwide provider of electronic payment systems. Lipman develops, manufactures and markets a variety of handheld, wireless and landline POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale terminals, electronic cash registers, retail ATM units, PIN pads and smart card readers, as well as integrated PIN and smart card ("Chip & PIN") solutions. In addition, Lipman develops technologically advanced software platforms that offer comprehensive and customized transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. solutions for its customers, as well as managed professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. such as on-site and call-center support with remote terminal management. Lipman's corporate headquarters and R&D facilities are located in Israel. Lipman also maintains offices in the US, United Kingdom, Turkey, China, Spain, Finland, Russia, Italy, Canada and Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. . For more information visit www.lipman.biz. CAUTION CONCERNING FORWARD-LOOKING STATEMENTS This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements are based on management's current expectations or beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological and/or regulatory factors, and other risks and uncertainties affecting the operation of the business of VeriFone Holdings, Inc. and Lipman Electronic Engineering Ltd. For a list and description of such risks and uncertainties, see our filings with the Securities and Exchange Commission (the "SEC"). VeriFone and Lipman are under no obligation to, and expressly disclaim any obligation to, update or alter their forward-looking statements, whether as a result of new information, future events, changes in assumptions or otherwise. |
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