Formula Systems (FORTY)

[midastouch017]

Magic Software and AAOD Announce Appointment of Aric Agmon as AAOD's President
Tuesday July 26, 7:00 am ET


OR YEHUDA, Israel, July 26 /PRNewswire-FirstCall/ -- Magic Software Enterprises (Nasdaq: MGIC - News), a leading provider of state-of-the-art business integration and application development technology, and its subsidiary Advanced Answers On Demand (AAOD) Inc. of Fort Lauderdale, Florida, a leading developer of IT solutions to the Long Term Care industry, announced today the appointment of Aric Agmon as AAOD's President, effective immediately.
Aric Agmon previously served in AAOD as VP Business Development. He also served as AAOD's VP Sales & Marketing and more recently as VP Operations. Aric joined Magic's HQ in Israel in 1999 and moved to AAOD in Florida in 2001.

Aric brings with him twenty years of international experience in the high tech industry. Prior to Magic, Aric held senior international management positions with Hitachi Data Systems Europe and IBM Europe and has been involved in acquisitions of close to twenty companies in Europe, Asia and North America. Aric has a B.A. in Economics from the Hebrew University of Jerusalem and an MBA with a major in Marketing and Management Information Systems.

"Aric's long and successful experience in managing IT operations and his business development abilities convinced us that he is the right person to lead AAOD into its next phase of growth," said Menachem Hasfari, CEO of Magic Software. "AAOD has increased its sales four fold since its acquisition by Magic in 2000, making it a major player in the Long Term Care (LTC) industry in the U.S. I'm sure Aric will contribute to AAOD's continued success."

http://biz.yahoo.com/prnews/050726/lntu002.html?.v=15

Dubi