RE'EM, Israel, May 16, 2011 /PRNewswire-FirstCall/ -- RRsat
Global Communications Network Ltd. (NASDAQ: RRST), a leading
provider of comprehensive content management and global
distribution services to the television and radio broadcasting
industries, today announced the appointment of a new Chairman to
its Board of Directors, Dr. Shlomo
Shamir. Dr. Shamir will replace Mr. Gilad Ramot, who will remain as a member of
RRsat's Board of Directors.
Mr. David Rivel, Founder and CEO
of RRsat stated: "We are very happy to welcome Dr. Shamir to our
team. By any standard, Dr. Shamir has an impressive background and
brings a wealth of experience and a stellar track record. I believe
he will be a tremendous asset to RRsat and will be instrumental in
helping us hone our strategy and achieve our goals of becoming a
leading TV and video distribution network and content management
provider. I very much look forward to working with him and finding
new ways to take RRsat to the next level."
Mr. Rivel added: "Mr. Ramot was a key member of our team and
played an essential role in transforming RRsat into a public
company while positioning us as a leading industry player. We
enjoyed working with him and deeply valued his role in the Company,
and expect to continue benefitting from Mr. Ramot's knowledge and
experience as a member of our Board of Directors. I would like to
thank him for all the years of service as Chairman. "
Dr. Shamir, a member of RRsat's Board of Directors since
April 2011, has significant
management experience at leading global technology companies, with
business experience spanning all five continents and various
industries. Prior to Joining RRsat, Dr. Shamir served as the
President of Aeronautics Systems Ltd. Prior to that position, he
served as President of NICE Systems Ltd. (NASDAQ:NICE) and as
President and CEO of NICE Systems Inc. Before joining NICE in 2001,
Dr. Shamir served as President and CEO of CreoScitex Americas from
2000 to 2001, and as President and CEO of Scitex Americas from 1997
until 2000. Prior to joining Scitex, Dr. Shamir served for 24 years
in the Israel Defense Forces and retired as a Brigadier General. He
also currently serves as a director of Visonic Ltd. (TASE:VSC), and
several privately held companies, including Scodix Ltd. (Chairman)
and M.S.T. Raviv Modular Space Transportation 2002 Ltd.
Dr. Shamir holds a Bachelor of Science degree in Physics from
the Technion - Israel Institute of Technology, and an MSc and PhD
degree in Economic Engineering Systems from Stanford University, California.
About RRsat Global Communications Network Ltd.
RRsat Global Communications Network Ltd. (NASDAQ: RRST) provides
global, comprehensive, content management and distribution services
to the rapidly expanding television and radio broadcasting
industries. Through its proprietary "RRsat Global Network,"
composed of satellite and terrestrial fiber optic transmission
capacity and the public Internet, RRsat is able to offer
high-quality and flexible global distribution services for content
providers. RRsat's comprehensive content management services
include producing and playing out TV content as well as providing
satellite newsgathering services (SNG). RRsat concurrently provides
these services to more than 590 television and radio channels,
covering more than 150 countries. Visit the company's website
www.RRsat.com for more information.
Safe Harbor Statement
This press release contains forward looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, including statements regarding (i) the growth of our
business and the television and radio broadcasting industries, (ii)
our expectation to expand our client base and sell additional
services to our existing client base, (iii) our ability to
successfully integrate the teleports we acquired, (iv) our ability
to develop and commercialize the RRinternetTV service, (v) our
expectation to extend the average length of our contracts in the
future, (vi) our ability to develop, expand and commercialize our
HD Platform, (vii) our ability to report future successes, (viii)
our ability to expand our activity in the American market, and (ix)
our intention to distribute dividends in the future and the size of
any dividends declared. These forward-looking statements involve
known and unknown risks and uncertainties and are based on current
expectations, assumptions, estimates and projections about the
companies and the industry as of the date of this press release.
The company undertakes no obligation to update forward-looking
statements to reflect subsequent occurring events or circumstances,
or to changes in its expectations, except as may be required by
law. Forward-looking statements are subject to risks and
uncertainties that may cause actual results to differ materially
from those contemplated by the forward-looking statements,
including the risks indicated in our filings with the Securities
and Exchange Commission (SEC). For more details, please refer to
our SEC filings and the amendments thereto, including our Annual
Report on Form 20-F for the year ended December 31, 2010 and our Current Reports on Form
6-K.
Company Contact Information:
David Aber, CFO
Tel: +972-8-861-0000
Email: investors@rrsat.com
External Investor Relations Contacts:
Ehud Helft / Porat Saar
Tel: +1-646-233-2161
rrsat@ccgisrael.com
SOURCE RRSat Global Communications Network Ltd