Mentergy Ltd. Announces Appointment of a New Chairman of its Board of Directors
Mentergy(TM) Ltd. (Nasdaq: MNTE), the leading global provider of blended e-Learning solutions, today announced the appointment of Mr. Yona Shoham as Chairman of the Board.
Mr. Shoham was appointed on January 3, 2002, as a member of the Board. Mr. Shoham has a vast experience in the e-Learning and training field. During 1989-2001 Mr. Shoham served as CEO and major shareholder of the Onyx Group, a group of software companies active in both the Israeli and international markets. Between 1987 and 1989 Mr. Shoham served as Regional Manager of Control Data Europe, and between 1984 and 1987 as the CEO of Control Data Israel.
"Yona Shoham has extensive experience in the e-Learning field and we believe that his appointment as the Chairman of the Board will contribute to the company, as we maintain and strengthen our position in the US and European markets" said Eran Lasser, Co-CEO of Mentergy.
Additionally, the company announced the resignation of Mr. Meir Srebernik from the Board, following his recent appointment as CEO of Dankner Investments Ltd., a leading investment company in Israel. Mr. Srebernik has concluded that his additional responsibilities make it difficult for him to devote the necessary time to serve as a member of the Board.
About Mentergy, Ltd.
Mentergy, Ltd. (Nasdaq: MNTE), is a global e-Learning company, providing e-Learning products, consulting, and courseware development services for large enterprises. With over 21 years of expertise in the learning industry, Mentergy assists businesses worldwide to make a cost-effective shift from traditional learning to a blended e-Learning approach. Mentergy Ltd.'s North American operations comprise of the Allen Communication Learning Services division and the LearnLinc Live e-Learning division (Mentergy, Inc.), in addition to John Bryce Training in Israel and Europe (Aris Education), and a global sales and marketing operation that includes Mentergy Europe. http://www.mentergy.com
Mentergy(TM) is a trademark and LearnLinc(R) is a registered trademark of Mentergy, Ltd. All other brand names, product names, or trademarks belong to their respective holders.
Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words "estimate" "project" "intend" "expect" "believe" and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. Many factors could cause the actual results, performance or achievements of Mentergy to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, changes in general economic and business conditions, inability to maintain market acceptance to Mentergy's products, inability to timely develop and introduce new technologies, products and applications, rapid changes in the market for Mentergy's products, loss of market share and pressure on prices resulting from competition, introduction of competing products by other companies, inability to manage growth and expansion, loss of key OEM partners, inability to attract and retain qualified personnel, inability to protect Mentergy's proprietary technology and risks associated with Mentergy's international operations and its location in Israel. For additional information regarding these and other risks and uncertainties associated with Mentergy business, reference is made to Mentergy's reports filed from time to time with the Securities and Exchange Commission.