David Zigdon to Resign Position as RADCOM's CFO to Pursue Startup Opportunity
April 24 2006 - 9:24AM
PR Newswire (US)
TEL AVIV, Israel, April 24 /PRNewswire-FirstCall/ -- RADCOM Ltd.
(RADCOM) (NASDAQ:RDCM) today announced that Mr. David Zigdon, its
Chief Financial Officer (CFO) since 2000, has tendered his
resignation effective June 15, 2006 in order to pursue a new
opportunity with a startup company. The Company is currently
evaluating a number of candidates to replace Mr. Zigdon. To assure
a smooth transition, Mr. Zigdon will continue working with RADCOM
until June 15th, and will remain available for ongoing consultation
until the new CFO begins his term. Commenting on the news, Zohar
Zisapel the Chairman of the Board of Directors said, "It is
difficult to say goodbye to David, whose skill and dedication were
critical to RADCOM's ability to weather the difficult post-bubble
period and to re-emerge as a vital, growing industry-leader. One of
the highlights of David's six years at RADCOM was the Company's
PIPE investment carried out in 2004, a transaction whose successful
completion was due in large part to the efforts of David and his
team. I will miss working with David personally and wish him every
success in his future ventures." RADCOM develops, manufactures,
markets and supports innovative network test and service monitoring
solutions for communications service providers and equipment
vendors. The company specializes in Next Generation Cellular as
well as Voice, Data and Video over IP networks. Its solutions are
used in the development and installation of network equipment and
in the maintenance of operational networks. The company's products
facilitate fault management, network service performance monitoring
and analysis, troubleshooting and pre-mediation. For more
information, please visit http://www.radcom.com/. Risks Regarding
Forward Looking Statements Certain statements made herein that use
the words ``estimate', ``project', ``intend', ``expect", 'believe``
and similar expressions are intended to identify forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements involve known
and unknown risks and uncertainties which could cause the actual
results, performance or achievements of the Company to be
materially different from those which may be expressed or implied
by such statements, including, among others, changes in general
economic and business conditions and specifically, decline in
demand to the Company's products, inability to timely develop and
introduce new technologies, products and applications and loss of
market share and pressure on prices resulting from competition. For
additional information regarding these and other risks and
uncertainties associated with the Company's business, reference is
made to the Company's reports filed from time to time with the
Securities and Exchange Commission. The Company does not undertake
to update forward-looking statements. Contact: David Zigdon CFO
+1-972-3-645-5004 DATASOURCE: RADCOM Ltd CONTACT: David Zigdon,
CFO, +1-972-3-645-5004,
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