RRsat Announces Change of Chief Financial Officer
RRsat Announces Change of Chief Financial Officer
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
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
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