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Dr. Michael J. Anghel joined our board in September 2006. Mr. Anghel has been directly involved in founding, managing and directing a variety of industrial, technology and financial enterprises since 1977. From 2004 to June 2005, Dr. Anghel assumed the position of President of Israel Discount Capital Markets & Investments Ltd., the investment banking arm of the Israel Discount Bank Ltd. From 2000 to 2004, he served as the Chairman of CAP Ventures, an operating venture capital company founded by him, and prior to then, from 1977, Dr. Anghel was with the Discount Investments Corporation Group, leading its activities in the communications and technology areas. He is currently a director of Partner Communications Co. Ltd., PowerDsine Ltd., Scopus Video Networks Ltd. and Syneron Medical Ltd. Prior to 1977, Dr. Anghel was a full-time member of the faculty of the Recanati Graduate School of Business Administration at Tel Aviv University. He currently serves as Chairman of the Board of the University's Executive Program. Dr. Anghel holds a bachelors degree in economics from the Hebrew University of Jerusalem and an M.B.A. (finance) and a Ph.D. from Columbia University, New York. | 