RE'EM, Israel, August 23, 2010 /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 Mr. David Aber as its new Chief Financial Officer.
Mr. Gil Efron, the current CFO, has
decided to pursue new opportunities and will continue at the
company through the transition period.
Mr. David Rivel, Founder and CEO
of RRsat stated: "Gil has been an integral part of the company's
management for the past 5 years and led our successful IPO in
October 2006. On behalf of
management, our employees and shareholders, I thank him for his
dedicated and professional service and wish him much success in his
future endeavors."
Mr. Rivel added: "We are fortunate that Mr. Aber decided to join
our team. Mr. Aber has an impressive track record and is very well
qualified for the position of CFO in the Company. We wish him
success in his new position."
Mr. Aber, has held several CFO positions in the technology and
communications industries with early stage as well as publicly
traded companies. Mr. Aber was CFO of DSP Communications from
1997-1999 where he managed the financial operations of this New
York Stock Exchange - traded company, which was ultimately acquired
by Intel for $1.6 billion. He was
also CFO of Zen Research plc during its $100
million float on the London Stock Exchange.
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, 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 550 television and radio channels,
covering more than 150 countries. Visit the company's website
http://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,
including the growth of the market for religious content and
programming, (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 and (viii) 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, 2009 and our
Current Reports on Form 6-K.
Company Contact Information:
Gil Efron, CFO
Tel: +972-8-861-0000
Email: investors@RRsat.com
External Investor Relations Contacts:
Ehud Helft/ Porat Saar
CCG Investor Relations Israel
Tel: +1-646-233-2161
Email: rrsat@ccgisrael.com
SOURCE RRSat Global Communications Network Ltd