Scottsdale, Arizona 6/29/2010 12:41:56 AM
News / Business

Industry Veteran Elected to InkSure Technologies Inc. (INKS.OB) Board of Directors

QualityStocks would like to highlight InkSure Technologies Inc. (OTCBB: INKS). InkSure Technologies Inc. is a leading provider of covert machine-readable security solutions for the prevention of counterfeiting and product diversion, and a developer of an innovative Track & Trace technology. The Company’s taggant technology is applied to tens of billions of consumer items and high-value documents each year.

 

In the company’s news yesterday,

 

InkSure Technologies Inc. announced that industry veteran Mr. Jonathan Bettsak has been elected to the Company’s Board of Directors. Mr. Bettsak has over 20 years of operational experience in the security, IT, and telecommunications fields. Mr. Bettsak is currently involved in a multimillion-dollar computer business, distributing brands such as Acer, HP, and Cisco throughout the United States, Colombia, Central America, and the Caribbean. He received his B.A. Finance from the American University in Washington D.C in 1991.

 

Mr. Bettsak has served, since 2008, as Director of Digicel Holdings (Panama) Ltd., (incorporated in Bermuda). Digicel Holdings (Panama) Ltd. is a worldwide cellular operator active in 32 markets in the Caribbean, the South Pacific, and Central America, with 11.8 million subscribers and revenues of $2.2 Billion.

 

From 1995 to 1999, Mr. Bettsak was involved in the establishment and sale of the Sinfonet ISP. This enterprise went on to become the largest internet company in Panama. In addition, Mr. Bettsak played key roles in the development and sale of telecom networking businesses in various South American countries, including Argentina and Chile.

 

Gadi Peleg, InkSure Technologies Inc.’s Chairman, said,” Jonathan has extensive experience in creating and fostering global IT and telecommunications operations, and we look forward to his contribution as a member of InkSure’s board. We believe that Jonathan’s insights and experience will be very valuable in helping to guide InkSure’s development in years to come.”

 

Tal Gilat, InkSure’s President and CEO, said, “The talent and diverse expertise of our team members have always been some of InkSure’s most valuable assets, as evidenced by our ability to attract stellar industry leaders like Jonathan. With his proven aptitude in terms of implementation, Jonathan is a crucial addition to our team, helping us to broaden the business and operating base we will require in order to meet our long-term growth objectives.”

 

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Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.