DGAP-Adhoc: Orad Hi-Tec Systems Ltd: Orad appoints Ilan Sidi as its new CFO

Orad Hi-Tec Systems Ltd  / Key word(s): Change of Personnel

07.07.2011 12:01

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Kfar-Saba, Israel, 07 July 2011. - Orad Hi-Tec Systems Ltd. (ISIN
IL0010838071; Symbol: OHT), a world leading developer and provider of
state-of-the-art, 3D real-time graphic solutions for the broadcasting
markets and the virtual advertising solution ADVision, has appointed a new,
experienced CFO. With effect from 1 September 2011, Ilan Sidi will replace
Ehud ben-Yair, who will be leaving the company as announced to take up new
professional challenges.
Ilan Sidi (age of 40) is a certified financial expert with around 15 years
experience in working in the financial departments of listed, international
high-tech companies. Ilan Sidi's last position was as Director of Finance
at the Nasdaq-listed company Voltaire Ltd. Ilan Sidi is a certified public
accountant and holds an MBA with honours from the Tel-Aviv University.
Avi Sharir, President and CEO of Orad said: 'We are pleased to have Ilan
with us as Orad's CFO. Ilan Sidi has long-standing experience in the
financial sector, proven expertise in working for listed companies and a
deep understanding of high-tech companies. We are convinced that he will
excellently support Orad's profitable growth.'

About Orad Hi-Tec Systems
Orad Hi-Tec Systems is a world-leading provider of real-time 3D broadcast
graphics solutions including news, channel branding, sports production and
enhancement, elections and special events, virtual studios, and virtual
advertisement. Orad's compelling solutions streamline production workflow,
enhance viewer experience, and improve production value. Founded in 1993,
Orad is a public company listed on the Frankfurt Stock Exchange (OHT). More
information is available at www.orad.tv


For further information contact:

ORAD Hi-Tec Systems Ltd
Avi Sharir CEO
Avi@orad.tv 

Investor Relations 
edicto GmbH
Dr. Sönke Knop
Frankfurt Germany
+49 69-90550551
sknop@edicto.de





07.07.2011 DGAP's Distribution Services include Regulatory Announcements, 
Financial/Corporate News and Press Releases. 
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      Orad Hi-Tec Systems Ltd
              15 Atir Yeda str POB 2177
              44425 Kfar Saba
              Israel
Phone:        +972-9-7676862
Fax:          +972-9-7676861
E-mail:       orad@orad.tv
Internet:     www.orad.co.il
ISIN:         IL0010838071
WKN:          928634
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart; London
 
End of Announcement                             DGAP News-Service
 
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