NEW YORK, June 27 /PRNewswire-FirstCall/ -- INKSURE Technologies Inc. (OTC Bulletin Board: INKS) recently announced that industry veteran Jonathan Bettsak has been elected to its board of directors. INKSURE 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. Mr. Bettsak has more than 20 years of operational experience in the security, IT, and telecommunications fields.
"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," said Gadi Peleg, INKSURE's Chairman. "We believe that Jonathan's insights and experience will be very valuable in helping to guide INKSURE's development in years to come."
"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," said Tal Gilat, INKSURE's President and CEO. "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."
Since 2008, Mr. Bettsak has served as director of Digicel Holdings (Panama) Ltd., which is incorporated in Bermuda. Digicel is a global 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, which went on to become the largest internet company in Panama. He also played key roles in the development and sale of telecom networking businesses in various South American countries, such as Argentina and Chile. Mr. Bettsak is currently involved in a multimillion-dollar computer business, distributing brands such as Acer, HP, and Cisco throughout the US, Colombia, Central America, and the Caribbean.
Mr. Bettsak received his B.A. Finance in 1991 from the American University in Washington D.C.
About INKSURE Technologies Inc.
INKSURE Technologies is an industry leader in brand protection, product diversion and document security. INKSURE's taggant technology is applied to tens of billions of consumer items and high-value documents annually. The verification process is based on proprietary authenticators that provide instant, reliable, forensic-quality results. The company's sales and marketing activities target a number of industry sectors on a global scale, including the financial and pharmaceutical fields, branded products, transportation, and government projects. INKSURE is SEC regulated, and publicly traded on the Over-The-Counter Bulletin Board, under the symbol INKS.OB. Additional information on the company is available at its website: http://www.INKSURE.com, the content of which is not part of this press release.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and federal securities laws. For example, when we say that, we believe that Jonathan's insights and experience will be very valuable in helping to guide INKSURE's development in years to come, or that, 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, we are using forward-looking statements. These forward-looking statements are based on the current expectations of the management of INKSURE only, and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: changes in technology and market requirements; we may encounter delays or obstacles in launching our products; our technology may not be validated as we progress further and our methods may not be accepted by the industry; we may be unable to retain or attract key employees whose knowledge is essential to the development of our business and our products; our products may wind up being more expensive than we anticipate; R&D results may not translate to equally good results in real products; our patents may not be sufficient; our products may harm users; changes in legislation; inability to timely develop and introduce new technologies, products and applications; loss of market share and pressure on pricing resulting from competition, which could cause the actual results or performance of INKSURE to differ materially from those contemplated in such forward-looking statements. Except as otherwise required by law, INKSURE 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. For a more detailed description of the risks and uncertainties affecting INKSURE, reference is made to INKSURE's reports filed from time to time with the Securities and Exchange Commission.
SOURCE INKSURE Technologies, Inc.