FT. LAUDERDALE, Fla., Aug. 19 /PRNewswire-FirstCall/ -- InkSure
Technologies Inc. (OTC Bulletin Board: INKS), a provider of covert
machine-readable security solutions for the prevention of counterfeiting,
fraud and diversion, and a leading developer of a unique new chipless RFID
technology today announced that Mr. Gadi Peleg has joined the InkSure board of
directors.
Mr. Peleg is the managing director of Cape Investment Advisors. His career
has been marked by leadership positions in technology and sales for Oracle
Corporation, and Cognos Corporation. He is also a Director of Atelier 4, a
shipping and transportation company that specializes in fine art and
antiquities. Mr. Peleg holds a Bachelor of Science degree from Columbia
University School of Engineering and Applied Science and is a graduate of the
Harvard Business School's Owner /President's Management Program.
Philip M. Getter, Chairman of the Board, stated that 'We are pleased to
welcome Mr. Peleg to our board of directors.' Mr. Getter noted that 'Gadi has
an interesting combination of technology and marketing skills that complement
our business plan. His experience in introducing technology products to new
areas makes him an important addition to our board.'
Mr. Peleg noted that 'I am pleased to join the Board of InkSure
Technologies at this important time as the company completes development of
its unique chipless RFID product and prepares to introduce it to the market.'
About InkSure Technologies Inc.
InkSure Technologies Inc., with its corporate headquarters in
Ft. Lauderdale, Florida and an R&D center in Science Park, Rehovot, Israel,
specializes in comprehensive, covert security solutions designed to protect
high profile brands and documents of value from counterfeiting, fraud and
diversion. The Company's sales and marketing activities target a number of
market opportunities, including financial, pharmaceutical, branded products,
transportation, and government/institutional, on a global scale. The
Company's R&D activities include the development of its SARcode chipless RFID
technology for affordable item-level secure logistics and track-and-trace
applications. The Company's common stock is listed on the OTC Bulletin Board
under the symbol 'INKS'. Additional information on the Company is available on
its website at http://www.inksure.com.
This press release contains certain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Act of 1934, as amended, which are intended to be
covered by the safe harbors created thereby. Investors are cautioned that all
forward-looking statements involve risks and uncertainty. Although InkSure
(the 'Company') believes that the assumptions underlying the forward-looking
statements contained herein are reasonable, any of the assumptions could be
inaccurate, and therefore, there can be no assurance that the forward-looking
statements included in this press release will prove to be accurate. Important
factors that could cause actual results to differ materially from the
forward-looking statements include the Company's need to obtain substantial
additional capital (through financings or otherwise) to fund its operations,
the progress of development, government and regulatory approvals and
licensing/commercialization of the Company's technologies, and other factors
noted in the Company's periodic report filings with the Securities and
Exchange Commission. In light of the significant uncertainties inherent in the
forward-looking statements included herein, the inclusion of such information
should not be regarded as a representation by the Company or any other person
that the objectives and plans of the Company will be achieved. By making these
forward-looking statements, the Company undertakes no obligation to update
these statements for revisions or changes after the date of this release.
Company Contact:
Don Taylor, General Manager
InkSure Inc.
+1-954-772-8507
dtaylor@inksure.com
SOURCE InkSure Technologies Inc.
