Nova Elects a New Audit Committee Member
June 05 2007 - 11:21AM
PR Newswire (US)
REHOVOT, Israel, June 5 /PRNewswire-FirstCall/ -- Nova Measuring
Instruments Ltd. (NASDAQ:NVMI), provider of leading edge stand
alone metrology and the market leader of integrated metrology
solutions to the semiconductor process control market, announced
that on June 4, 2007, Dr. Alon Dumanis, an independent member of
the board of directors of Nova, who has served on the company's
board for the past five years, was elected to serve as a member of
the audit committee. Nova received a letter from Nasdaq Listing
Qualifications on May 30, 2007 stating that as a result of the
resignation of Mr. Joseph Ciechanover from Nova's board of
directors , Nova is no longer in compliance with Nasdaq's audit
committee requirements as set forth in Marketplace Rule 4350.
Nasdaq provided Nova a cure period in order to regain compliance
pursuant to Marketplace Rule 4350(d)(4) as follows: until the
earlier of Nova's next annual shareholders' meeting or May 24,
2008; or if the next annual shareholders' meeting is held before
November 20, 2007, then Nova must evidence compliance no later than
November 20, 2007. The company recently reported that Mr.
Ciechanover announced his resignation for personal reasons.
Following the election of Dr. Alon Dumanis, to serve as a member of
the audit committee, Nova believes that it has regained compliance
with Nasdaq's audit committee requirements as set forth in
Marketplace Rule 4350. About Nova: Nova Measuring Instruments Ltd.
develops, produces and markets advanced integrated and stand alone
metrology solutions for the semiconductor manufacturing industry.
Nova is traded on the NASDAQ & TASE under the symbol NVMI. The
Company's website is http://www.nova.co.il/. Company Contact: Dror
David, Chief Financial Officer Nova Measuring Instruments Ltd. Tel:
+972-8-938-7505 E-mail: http://www.nova.co.il/ Investor Relations
Contacts: Ehud Helft / Kenny Green GK Investor Relations Tel:
+1-866-704-6710 E-mail: DATASOURCE: Nova Measuring Instruments Ltd
CONTACT: Company Contact: Dror David, Chief Financial Officer, Nova
Measuring Instruments Ltd., Tel: +972-8-938-7505, E-mail: ;
Investor Relations Contacts: Ehud Helft / Kenny Green, GK Investor
Relations, Tel: +1-866-704-6710, E-mail:
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