Vizrt Ltd. : Tomer Wald newly appointed Chief Financial Officer (CFO) - Ofra Brown appointed Secretary and Corporate Affairs Officer

Bergen, Norway, February 14, 2013. Vizrt Ltd. (Oslo Main List: VIZ)

Vizrt Ltd. today announced the appointment of Mr. Tomer Wald (38) as the new CFO of the Company, effective as of February 15, 2013. Tomer has been with Vizrt since 2007, initially in the position of Corporate Controller and over the past two years as VP Finance. Tomer is a Certified Public Accountant (CPA) and holds a B.A. in Accounting & Economics from Bar Ilan University, and a MBA, with a major in finance, from Tel Aviv University. Tomer will join the corporate management team and report to the CEO.

Martin Burkhalter, the CEO of Vizrt, stated: "I am pleased to announce that we, with Tomer Wald, will get a well-qualified and experienced professional as our new CFO. Tomer will be a great addition to our corporate management team, and the fact that he as been with Vizrt for the last 5 years guarantees for a smooth transition and continuation of our operations."

After having served as Vizrt's CFO for almost twelve years, Ms. Ofra Brown has chosen to change roles within the organization, seeking new professional challenges. Ofra will take on the role as the Secretary and Officer for Corporate Affairs and she will continue to be a member of the corporate management team, reporting to the CEO.

"I am very pleased that Ofra has agreed to take on this new role. With Ofra's wealth of experience and knowledge of all aspects of Vizrt's business, she will continue to add great value in helping us reaching our ambitious growth targets. Ofra will of course be pivotal in securing a seamless handover of her former duties and responsibilities to the new CFO," commented Martin Burkhalter.

Investors and media contacts:

 

Martin Burkhalter
President & CEO
+41 22 365 75 01
mbu@vizrt.com

Ofra Brown
CFO
+47 5351 8040
ofra@vizrt.com

SCHWARZ Financial Communication
Frank Schwarz
+49 611 1745 398 11
schwarz@schwarzfinancial.com

About Vizrt:
Vizrt provides real-time 3D graphics and asset management tools for the broadcast industry - from award-winning animations & maps to online publishing tools. Vizrt's products are used by the world's leading broadcasters and publishing houses, including: CNN, CBS, Fox, the BBC, BSkyB, ITN, ZDF, Star TV, Network 18, TV Today, CCTV, NHK, The Globe and Mail, Times Online, The Telegraph, and Welt Online.  Furthermore, many world-class production houses and corporate institutions such as the Stock Exchanges in New York and London use Vizrt systems.

Vizrt is a public company traded on the Oslo Main List: VIZ, ISIN: IL0010838154. For further information please refer to www.vizrt.com
 
 

Copyright © Vizrt. All rights reserved. This press release contains forward-looking statements with respect to the business, financial condition and results of operations of Vizrt and its affiliates. These statements are based on the current expectations or beliefs of Vizrt's management and are subject to a number of risks and uncertainties that could cause actual results or performance of the Company to differ materially from those contemplated in such forward-looking statements. These risks and uncertainties relate to changes in technology and market requirements, the company's concentration on one industry, decline in demand for the company's products and those of its affiliates, inability to timely develop and introduce new technologies, products and applications, and loss of market share and pressure on pricing resulting from competition, which could cause the actual results or performance of the company to differ materially from those contemplated in such forward-looking statements. Vizrt undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events
 
 
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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