magicJack Announces New Additions to the Board and Senior Management Team
*Richard Harris brings deep operational and sector expertise to the Board
*Jose Gordo appointed SVP of Finance
WEST PALM BEACH, Fla. and NETANYA, Israel, April 2, 2013 (GLOBE NEWSWIRE) --
magicJack VocalTec, Ltd. (Nasdaq:CALL) ("MJ"), a cloud communications leader
that invented voice over IP (VoIP) technology, today announced that Richard
Harris has been named to its Board of Directors and Jose Gordo has been
appointed Senior Vice President of Finance.
Mr. Harris brings more than 40 years of financial and operational management
experience to the magicJack board and has served on the boards of several
companies including Amtrol, Inc. and VoiceVerified, Inc. He also has
considerable experience in telecommunications, as he was previously the Chief
Financial Officer at Independent Wireless One, the Vice President of
Operations, Finance and Administration at Horizon Cellular Telephone Company,
and the Vice President and Chief Financial Officer at Metrophone Cellular
Communications Company.In addition, he was the Chief Financial Officer at
Nobel Learning Centers; the Controller at Harrah's Atlantic City; and the
audit manager at Coopers and Lybrand. Harris is also the founder and president
of Harris & Associates, a seventeen-year-old consulting firm specializing in
providing financial, operational, and strategic consulting services for
start-up and high growth telecommunications and technology companies such as
Sprint PCS, Omnipoint Communications, Signal Holdings, Unisite, PCS One,
Galaxy Scientific Company, ECI Conference Calling Services, Inc., TelePacific,
and Westec Inc.He holds an MBA in Finance from the Wharton School in
Philadelphia, a BS in Accounting from the Pennsylvania State University and
has a CPA license in Pennsylvania. Harris was also appointed a member of the
board's compensation committee.
Mr. Gordo has approximately 20 years of experience in finance, operations,
business management, SEC matters and corporate law.He co-founded Southcap
Partners, a managing general partnership with investments in medium-sized
companies. Previously, Gordo was a Managing Director of a private equity firm
and was a partner at the national law firm of Akerman Senterfitt, where he
specialized in corporate law matters, advising public and private companies
and investment firms on mergers & acquisitions and capital markets
transactions.He received a J.D. degree from Georgetown University Law Center
and a B.A. degree from the University of Miami.
"We are very excited to welcome Rich to our Board and look forward to
benefitting from his significant telecommunications expertise and previous
company board experience," said magicJack VocalTec President and CEO Gerald
Vento. "In addition, the appointment of Jose enhances our senior management
team given his considerable experience in business management, operations,
finance and SEC matters. We believe these new additions position the company
for its next stage of growth."
About magicJack VocalTec Ltd.
magicJack VocalTec Ltd. (Nasdaq:CALL), the inventor of VoIP, including the
softphone and magicJack, has the goal of becoming the leading international
provider of global voice over many platforms. The Company has achieved sales
of more than 10 million of the easy-to-use, award-winning magicJack products
since the first device's launch in 2008, and has the use of more than 30
patents, some dating to when the Company invented VoIP. It is the
largest-reaching CLEC (Competitive Local Exchange Carrier) in the United
States in terms of area codes available and certification in number of states,
and the network has historically had uptime of over 99.99 percent.
CONTACT: Seth Potter
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