Ocean Harvest T Regulatory News (OHT)

27 Dec 2007 10:28

Orad Hi-Tec Systems27 December 2007 ORAD announces the appointment of Mr. Joel Warschawski as new director Mr. Joel Warschawski, President of the Edmond de Rothschild Private EquityManagement Ltd. will join Orad as member of the board of directors withimmediate effect. Orad Hi-Tec Systems Ltd. (symbol OHT) (the Company) is announcing today that theboard of directors of Orad has appointed Mr. Warschawski as a board member. "We are pleased to announce the appointment of Mr. Joel Warschawski, Presidentof Edmond de Rothschild Private Equity Management Ltd. as an Orad board member.Mr. Warschawski is a highly accomplished professional suited to the needs of agrowing company like Orad", stated Avi Sharir, Orad's CEO. Mr. Warschawski (age 47) has been the president of the Edmond de RothschildPrivate Equity Management Ltd. since its inception in the year 2000. Edmond deRothschild Private Equity Management Ltd. is the private equity arm in Israel ofthe prestigious LCF Rothschild Group, and manages and advises private equityfunds in excess of $350M. Mr. Warschawski holds an engineering degree in electro-optics and a B.Sc inApplied Physics from the Jerusalem College of Technology. Prior to joining theLCF Rothschild Group, he served between 1984-1991 in different managerial rolesin Luz Industries Ltd. (a world leading company for Solar Power Plants). From1991-1997 he was the Director General of Patir Research and Development Ltd. (afour prize winner Technology Incubator) and between 1993-2000 he served as thePresident of J.C. Technologies Ltd. (an early stage venture capital investmentcompany). Mr. Warschawski also serves as a board member in several hi-tech and investmentcompanies (details below) and brings vast experience both from the managerialside as well as from the private equity investment side. Joel Pierre Warschawski is also a director of the following companies:Edmond de Rothschild Private Equity Management Ltd.Edmond de Rothschild Europportunities Management SarlSiftology Inc.Idioma Ltd.Elam Electro-luminescent Industries Ltd.*Thermal Technologies Ltd.MMRI Ltd. In the last five years, Joel Pierre Warschawski has also been a director of: Aeronautics Defense Systems Ltd.Visionix Ltd.Luneau SA * During the reorganisation process of Elam Electro-luminescent Industries Ltd, there were arrangements made with creditors of the company. Save for the above there is no further information required for disclosure underparagraph (g) of Schedule 2 of the AIM Rules, with respect to the appointment ofJoel Pierre Warschawski. About Orad Founded in 1993, Orad is a world leader in TV production technology and israpidly increasing its position in the real time three dimensional graphicmarkets. Orad's product line includes virtual sets, on-air graphics systems,channel branding, virtual advertising, sports production solutions and hardwarefor the Virtual Reality industry. Orad is a publicly traded company in the PrimeStandard on Frankfurt's Wertpapierborse Prime Standard and AIM Market of theLondon Stock Exchange (symbol: OHT). www.orad.tv For further information contact:ORAD Hi-Tec Systems Ltd +972 9 7676 862Ehud Ben-Yair ehudb@orad.tvC.F.O Shore CapitalGraham Shore, London, UK +44 20 7408 4090 Edicto Investor RelationsDr. Sonke Knop, Frankfurt Germany +49 608494859-1 This information is provided by RNS The company news service from the London Stock Exchange