Flash Networks Names Hilel Kremer CFO and VP of Operators

Flash Networks today announced the appointment of Hilel Kremer as its new Chief Financial Officer and Vice President of Operations.


Barcelona, Spain. February 15, 2006 – Flash Networks, the leader in mobile data Quality of Experience, today announced the appointment of Hilel Kremer as its new Chief Financial Officer and Vice President of Operations. Kremer will assume his role effective immediately and will report to Flash Networks’ Chief Executive Officer, Liam Galin.

Kremer has an impressive leadership background as the CFO of a number of public companies. Prior to joining Flash Networks, Kremer served as CFO of Magic Software (NASDAQ: MGIC), and before that as CFO of NUR Macroprinters (Nasdaq-SCM: NURM). Prior to joining NUR Macroprinters, Kremer held various senior finance management positions in Scitex (NASDAQ:SCIX); his last position was of Vice President Finance and CFO at Scitex Asia Pacific, a subsidiary of Scitex. He has an MBA from INSEAD in France and a B.A. CUM Laude in Economics from Hebrew University of Jerusalem.

“Hilel’s strengths both as a financial and operational manager are a fantastic fit for a company with the growth expectations of Flash Networks,” said Galin. “We’ve built a management team of people with Hilel’s stature to ensure our continued stability through the dramatic changes expected in the mobile data market in the coming years.”

About Flash Networks
Flash Networks is an expert in Quality of Experience for mobile data, providing solutions that answer the needs of operators who want to provide mobile data as a key part of their strategy. Flash Networks works together with its customer base to create solutions that leverage existing infrastructure to provide optimal use of the network and services. Flash's NettGain™ platforms are commercially deployed in over 40 top-tier wireless carriers worldwide, helping providers deliver the best possible user experience. The privately-held company was established in 1996.

Contact Information:
Rebecca Rachmany
Flash Networks
Phone: +972-9-9580666 x223
rebeccar@flashnetworks.com
www.flashnetworks.com

Martin Smith
Sonus PR for Flash Networks
Phone: +44 (0)20 851 4890
Mobile: +44 (0)7793 121 568
martin.smith@sonuspr.com

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