Wizcom Technologies Ltd. Announces Resignation of Tiran Fartouk as Director and Acting CEO

WizCom Technologies Ltd (WizCom) is an Israel-based manufacturing company. The Company, through its subsidiary Quicktionary Group is engaged in the development, manufacture and market hand-held consumer products for the linguistics, learning and information technology markets. The products are marketed under the Quicktionary, QuickLink-Pen, Superpen and ReadingPen brand names. Its products include Quicktionary Pens, which enable students and people working in multilingual environments to translate and define printed material without disrupting reading process; ReadingPen products, which serve as assistive reading devices for people with reading difficulties, such as dyslexia, and InfoScanPens, which is a productivity tool for business people and students. On February 9, 2012, the Company announced that it has filed for opening of insolvency proceedings.