Matav Appoints New CFO
Matav Appoints New CFO
NETANAYA, Israel, May 19/PRNewswire-FirstCall/ -- Matav-Cable Systems Media Ltd. (Nasdaq: MATV; TASE: MATV), today
announced the appointment of Tal Peres, as the Company's new Chief Financial
Officer (CFO). Mr. Peres replaces Shalom Bronstein, Matav's former CFO. The
appointment is effective as of May 9th, 2005.
Mr. Peres joins Matav from Hashmira Group, a leading Israeli provider of
various services including: guarding and security, cleaning and maintenance,
where he served as its CFO. Prior to Hashmira group he served as the CFO of
the Career Group, a wholly owned subsidiary of Manpower International. Mr.
Peres is a certified public accountant. He holds a B.A in Accounting from the
Tel-Aviv College of Management.
In announcing the appointment of Mr. Peres, Meir Srebernik, Chairman of
Matav's Board of Directors, said, "Tal Peres, an accomplished executive with
experience in various industries, is well suited to step into the CFO role
and lead the financial management of our Company. I am delighted to welcome
him at this exciting juncture for Matav and I'm confident that he will prove
instrumental to our Company."
"On behalf of our Board, I also want to take this opportunity to thank
Shalom Bronstein for his 16 years of tremendous contribution to Matav. I wish
him luck in all his future endeavors".
About Matav:
Matav is one of Israel's three cable television providers,
serving roughly 25 percent of the population. Matav's current investments
include 1.2 percent of Partner Communications Ltd., a GSM mobile phone
company and 10 percent of Barak I.T.C. (1995) Ltd., one of the three
international telephony providers in Israel.
This press release contains forward-looking statements within the
meaning of the "safe harbor" provisions of the U.S. Private Securities
Litigation Reform Act of 1995. Forward-looking statements that are based on
various assumptions (some of which are beyond Matav's control) may be
identified by the use of forward-looking terminology, such as "may," "can
be," "will," "expects," "anticipates," "intends," "believes," "projects,"
"potential," "are optimistic," "view" and similar words and phrases. Actual
results could differ materially from those set forth in forward-looking
statements due to a variety of factors, including but not limited to (1)
changes in technology and market requirements, (2) decline in demand for the
company's products, (3) inability to timely develop and introduce new
technologies, products and applications, (4) loss of market share and
pressure on pricing resulting from competition, (5) uncertainty as to the
completion of acquisition of new businesses or operations and integration
thereof with Matav's business, and (6) the other risk factors detailed in
Matav's most recent annual report and other filings with the US Securities
and Exchange Commission. Matav undertakes no obligation to publicly release
any revisions to these forward-looking statements to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events.
Contacts:
Ori Gur Arieh, Counsel
Matav-Cable Systems Media Ltd.
Tel.: +972-9-860-2261
Ayelet Shiloni
Integrated Investor Relations
Tel.: +1-866-447-8633
Tel: +972-506883-336
ayelet@integratedir.com
Source: Matav - Cable Systems Media Ltd.
Ori Gur Arieh, Counsel, Matav-Cable Systems Media Ltd., Tel.: +972-9-860-2261; Ayelet Shiloni, Integrated Investor Relations, Tel.: +1-866-447-8633, Tel: +972-506883-336, ayelet@integratedir.com
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