Orad Hi-Tec Systems
27 February 2004
27 February 2004
ORAD Hi-Tech Systems Limited
Directorate Change
Kfar Saba, Israel, February 27, 2004 - ORAD Hi-Tec Systems (symbol: OHT), a
world leader in virtual sets, on-air graphics, and sports production tools,
announced today that company director and executive vice president, Dr. Michael
Tamir, is leaving the Company.
Dr. Tamir will stand down as executive vice president of the company on June 1,
2004, and is leaving the Board of Directors immediately. Dr. Tamir indicated to
the Company's Board of Directors that he would continue to support the Company
and assist in any transition. Dr. Tamir stated that he wished to pursue other
professional and personal interests at a time when his personal impact on
strategic Company decisions has diminished.
Yehuda Bronicki, Chairman of Orad, said: 'We would like to thank Miky for his
contribution to building the Company into the substantial business it is today
and wish him well for the future.'
About ORAD
Founded in 1993, ORAD is a world leader in TV production technology and rapidly
increasing its position in the Vissim industry. ORAD's line of products includes
virtual sets, on-air graphics systems, virtual advertising, sports production
solutions and hardware for the Vissim industry. ORAD has received extensive
worldwide recognition for its systems at a wide-range of events including the
1999/2000 Emmy Award for the 'Implementation of Real Time Virtual Imaging for
Live Events on Television'. ORAD is a publicly traded company on Frankfurt's
Prime Standard and Alternative Investment Market of the London Stock Exchange
(symbol: OHT).
For further information contact:
Orad Hi-Tec Systems Ltd
Avi Sharir, CEO 972 9 7676 862
Israel
Shore Capital
Jonathan Nelson, London, UK 44 20 7408 4090
Haubrok Investor Relations
Michael Kempkes, Frankfurt, Germany 49 211 30126102
This information is provided by RNS
The company news service from the London Stock Exchange
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