Investors Hub Daily
iHub My Stocks Activity
Ticker Buzz Cloud
Most Followed Members
Hot on StockWiki
My Image Gallery
InkSure Technologies Inc. (INKS)
InkSure Announces Key Executive Changes
Post New Msg
Monday, June 23, 2008 9:39:24 AM
InkSure Announces Key Executive Changes
16 minutes ago - PR Newswire
InkSure Technologies Inc. (OTC Bulletin Board: INKS) (
), a leading provider of covert machine-readable security solutions for the prevention of counterfeiting, fraud and diversion, and an important developer of RFID solutions, announced the appointment of Philip M. Getter as Chairman of the Board of Directors and Yaron Meerfeld as acting Chief Executive Officer. These management changes are designed to better align InkSure's future growth in these rapidly expanding areas.
InkSure also announced that on June 16, 2008 Mr. Elie Housman resigned as CEO and Chairman of the Board but will continue as a Director. Mr. Housman contributed years of dedicated and inspired leadership to the Company through its early stages of technological and product development.
Philip M. Getter joined the Board of InkSure in 2004 as Chairman of the Audit Committee. Since 1985, Mr. Getter has been the Managing Member of GEMPH Development LLC, a corporate advisory firm, and has more than thirty five years of corporate finance experience. He served as Assistant to the Director of United States Atomic Energy Commission and was for many years, a partner with Shearson, Hammill & Co., the Senior Partner of Devon Securities and head of investment banking at Prime Charter, Ltd.
Mr. Getter has been Chief Executive Officer and Chairman of several public companies specializing in restructuring and reorganizations in the pharmaceutical industry. He received his B.S. in Industrial Relations from Cornell University. Mr. Getter is Chairman of the Audit Committees of EVCI Career Colleges and ICTS International NV (International Consultants on Targeted Security).
Mr. Meerfeld, based in Tel Aviv, Israel, was appointed acting Chief Executive Officer and will also retain his positions as Chief Operating Officer and Director of InkSure. Mr. Meerfeld, 48, joined InkSure in November 2001. Prior to that he developed expertise in authentication and multi-layered security systems as Managing Director of Kromotek, Inc. and as the Vice President for Sales and Marketing at SuperCom Ltd. Mr. Meerfeld holds a B.Sc. in Economics and Business from Bar Ilan University and an M.B.A. from Tel Aviv University in Israel.
Mr. Meerfeld stated that "We have reached an exciting time in our business -- notably the progress of development of our new chipless RFID technology and our expectation that the technology will become commercially available in 2009."
Mr. Getter stated "We are very enthusiastic about the future of InkSure. We believe that we are poised to capitalize on this significant technological breakthrough to increase stockholder value."
About InkSure Technologies Inc.
InkSure Technologies Inc., with its corporate headquarters in Ft. Lauderdale, Florida and its research and development center in Science Park, Rehovot, Israel, specializes in comprehensive, covert security solutions designed to protect high profile brands and documents of value from counterfeiting, fraud and diversion. The Company's sales and marketing activities target a number of market opportunities, including financial, pharmaceutical, branded products, transportation, and government/institutional, on a global scale. The Company's R&D activities include the development of "chipless" RFID technology for affordable item- level secure logistics and track-and-trace applications.
The Company's common stock is listed on the OTC Bulletin Board under the symbol "INKS". Additional information on the Company is available on its website at
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainty. Although InkSure (the "Company") believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. Important factors that could cause actual results to differ materially from the forward- looking statements include the Company's need to obtain substantial additional capital (through financings or otherwise) to fund its operations, the progress of development, government and regulatory approvals and licensing/commercialization of the Company's technologies, and other factors noted in the Company's periodic report filings with the Securities and Exchange Commission. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
For further information, please contact:
Don Taylor, Vice President -- Global Marketing at +1-954-772-8507 or via e-mail at email@example.com
SOURCE InkSure Technologies Inc.
InkSure Technologies Inc. (INKS) Stock Trading Info:
Post New Msg
Report TOS Violation
+/- to Watchlist
© 2013 InvestorsHub.Com, Inc.
Terms of Service
Advertise With Us
Stock Market 101
Investor Help Forum
iHub on Facebook
iHub on Twitter
iHub iPhone/iPad App
iHub Android App