Wizcom Technologies Ltd : . :Ad hoc: Wizcom Supplier Threatens to Put Company into Administration - Tiran Fartouk Resigns as Director and Acting CEO
02/02/2012 | 03:40amWizcom Technologies Ltd. /
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Ad hoc: Wizcom Supplier Threatens to Put Company into Administration - Tiran
Fartouk Resigns as Director and Acting CEO
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Rosh Ha'ayin, February 02, 2012 - Wizcom Technologies Ltd. (Prime Standard: WZM, IL 0010830706) today announces that one of its suppliers has informed the Company's Management that if Wizcom does not settle its arrears before long, the supplier will request the Court to put Wizcom into administration. The Board continues its endeavors to find a solution for the current situation but reiterates it is in doubt Wizcom can continue to operate as a going concern.
Additionally, the Board of Directors of Wizcom announces that Tiran Fartouk has resigned with immediate effect as Director and acting CEO of the Company. Upon request of the Board, Mr. Fartouk will continue as acting CEO until such time as the Board will appoint a new CEO.
For further information, please contact:
Wizcom Technologies Ltd.
Tiran Fartouk, CEO
13 Hamelacha St.
Rosh Ha'ayin, 48091, Israel
Phone +972-3-9103330
tiran@Wizcomtech.com
http://www.Wizcomtech.com
SCHWARZ Financial Communication
Frank Schwarz
Investor Relations
Germany
Phone +49-611-1745-398-11
Schwarz@schwarzfinancial.com
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Source: Wizcom Technologies Ltd. via Thomson Reuters ONE
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