Commtouch Sets Date for Annual Meeting of Shareholders
November 16 2006 - 7:00AM
Business Wire
Commtouch� (NASDAQ:CTCH), the leading OEM provider of real time
anti-spam, Zero-Hour� virus protection and IP Reputation
technology, today announced that it will hold its annual meeting of
shareholders on Friday, December 15, 2006. Among other matters, the
company will seek shareholder approval of Gideon Mantel as Chairman
(in addition to his duties as CEO), replacing Ian Bonner who held
the Executive Chairman position for the past two years. �During
Ian's chairmanship, the Board successfully guided management's plan
for and move to operational profitability,� stated Lloyd E.
Shefsky, Director and Chairman of the Nominating Committee. �Given
Ian's other commitments, at this time, the Board feels that
reducing its size affords the benefit of continuity. Having the
same directors guide the further implementation of that
profitability plan is extremely valuable. Furthermore, having
Gideon Mantel serve as Chair at this time will further enhance the
Board's coordination with management.� Gideon Mantel, CEO of the
company added: �We are extremely grateful to have had Ian�s
presence on the board for the past two years, and certainly
understand his need to devote his full energies to Inxight
Software, Inc., where he serves as President and CEO. We wish him
continued success going forward.� Ian Bonner remarked: �It has been
a fulfilling two years for me at Commtouch. The company continues
to successfully perform its business plan, and current management
is well equipped to continue meeting the challenges to come. I look
forward to assisting the company on an ad hoc basis as the need
arises.� About Commtouch Commtouch Software Ltd. (NASDAQ:CTCH) is
dedicated to protecting and preserving the integrity of the world's
most important communications tool -- e-mail. Commtouch has over 15
years of experience developing messaging software and is a global
developer and provider of proprietary anti-spam, Zero-Hour virus
protection and IP Reputation solutions. Using core technologies
including RPD (Recurrent Pattern Detection�), the Commtouch
Detection Center analyzes billions of email messages per month to
identify new spam and malware outbreaks within minutes of their
introduction into the Internet. Integrated by more than 50 OEM
partners, Commtouch technology protects thousands of organizations,
with over 50 million users in over 100 countries. Commtouch is
headquartered in Netanya, Israel, and has a subsidiary in Mountain
View, Calif. For more information, see: www.commtouch.com. The site
includes the Commtouch online lab detailing spam statistics and
charts. This press release contains forward-looking statements,
including projections about our business, within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. For example, statements in the
future tense, and statements including words such as "expect,"
"plan," "estimate," "anticipate," or "believe" are forward-looking
statements. These statements are based on information available to
us at the time of the release; we assume no obligation to update
any of them. The statements in this release are not guarantees of
future performance and actual results could differ materially from
our current expectations as a result of numerous factors, including
business conditions and growth or deterioration in the Internet
market, commerce and the general economy, both domestic as well as
international; fewer than expected new-partner relationships;
competitive factors, including pricing pressures; technological
developments, and products offered by competitors; the ability of
our OEM partners to successfully penetrate markets with products
integrated with Commtouch technology; a slower than expected
acceptance rate for real time AV solutions in general and the
Commtouch Zero-Hour� Virus Protection product in particular;
availability of qualified staff for expansion; technological
difficulties and resource constraints encountered in developing new
products; and the failure of Commtouch to meet The Nasdaq Capital
Market's listing standards in the future, as well as those risks
described in the text of this press release and the company's
Annual Reports on Form 20-F and reports on Form 6-K, which are
available through www.sec.gov. Recurrent Pattern Detection, RPD and
Zero-Hour are trademarks, and Commtouch is a registered trademark,
of Commtouch Software Ltd. U.S. Patent No. 6,330,590 is owned by
Commtouch. Commtouch(R) (NASDAQ:CTCH), the leading OEM provider of
real time anti-spam, Zero-Hour(TM) virus protection and IP
Reputation technology, today announced that it will hold its annual
meeting of shareholders on Friday, December 15, 2006. Among other
matters, the company will seek shareholder approval of Gideon
Mantel as Chairman (in addition to his duties as CEO), replacing
Ian Bonner who held the Executive Chairman position for the past
two years. "During Ian's chairmanship, the Board successfully
guided management's plan for and move to operational
profitability," stated Lloyd E. Shefsky, Director and Chairman of
the Nominating Committee. "Given Ian's other commitments, at this
time, the Board feels that reducing its size affords the benefit of
continuity. Having the same directors guide the further
implementation of that profitability plan is extremely valuable.
Furthermore, having Gideon Mantel serve as Chair at this time will
further enhance the Board's coordination with management." Gideon
Mantel, CEO of the company added: "We are extremely grateful to
have had Ian's presence on the board for the past two years, and
certainly understand his need to devote his full energies to
Inxight Software, Inc., where he serves as President and CEO. We
wish him continued success going forward." Ian Bonner remarked: "It
has been a fulfilling two years for me at Commtouch. The company
continues to successfully perform its business plan, and current
management is well equipped to continue meeting the challenges to
come. I look forward to assisting the company on an ad hoc basis as
the need arises." About Commtouch Commtouch Software Ltd.
(NASDAQ:CTCH) is dedicated to protecting and preserving the
integrity of the world's most important communications tool --
e-mail. Commtouch has over 15 years of experience developing
messaging software and is a global developer and provider of
proprietary anti-spam, Zero-Hour virus protection and IP Reputation
solutions. Using core technologies including RPD (Recurrent Pattern
Detection(TM)), the Commtouch Detection Center analyzes billions of
email messages per month to identify new spam and malware outbreaks
within minutes of their introduction into the Internet. Integrated
by more than 50 OEM partners, Commtouch technology protects
thousands of organizations, with over 50 million users in over 100
countries. Commtouch is headquartered in Netanya, Israel, and has a
subsidiary in Mountain View, Calif. For more information, see:
www.commtouch.com. The site includes the Commtouch online lab
detailing spam statistics and charts. This press release contains
forward-looking statements, including projections about our
business, within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934. For
example, statements in the future tense, and statements including
words such as "expect," "plan," "estimate," "anticipate," or
"believe" are forward-looking statements. These statements are
based on information available to us at the time of the release; we
assume no obligation to update any of them. The statements in this
release are not guarantees of future performance and actual results
could differ materially from our current expectations as a result
of numerous factors, including business conditions and growth or
deterioration in the Internet market, commerce and the general
economy, both domestic as well as international; fewer than
expected new-partner relationships; competitive factors, including
pricing pressures; technological developments, and products offered
by competitors; the ability of our OEM partners to successfully
penetrate markets with products integrated with Commtouch
technology; a slower than expected acceptance rate for real time AV
solutions in general and the Commtouch Zero-Hour(TM) Virus
Protection product in particular; availability of qualified staff
for expansion; technological difficulties and resource constraints
encountered in developing new products; and the failure of
Commtouch to meet The Nasdaq Capital Market's listing standards in
the future, as well as those risks described in the text of this
press release and the company's Annual Reports on Form 20-F and
reports on Form 6-K, which are available through www.sec.gov.
Recurrent Pattern Detection, RPD and Zero-Hour are trademarks, and
Commtouch is a registered trademark, of Commtouch Software Ltd.
U.S. Patent No. 6,330,590 is owned by Commtouch.
CYREN (NASDAQ:CYRN)
Historical Stock Chart
From Jun 2024 to Jul 2024
CYREN (NASDAQ:CYRN)
Historical Stock Chart
From Jul 2023 to Jul 2024