Avi Zigelman was elected to serve as an external director by our shareholders on April 25 2007. Mr. Zigelman also serves as the Chairman of our Audit Committee. Since 2004 Mr. Zigelman is a financial advisor and serves as a director in the following companies: Plastro Irrigation Ltd. Phoenix Gemel Ltd. Tefron Ltd. Fox Vizel Ltd. Bram Industries Ltd Migdal Capital Markets (1965) Ltd. Gindi Investments 1 Ltd. Milomor Trade & Communication Ltd. King Ltd. Osif Investments and Development Ltd. Ilex Medical Ltd. Simha Urieli and Sons Engineering and Contracting Company Ltd. P.M.S Group Ltd. Sialo Technology Israel Ltd and Pangaya Real Estate Ltd. Since 2000 Mr. Zigelman is a member of the Professional Committee of the Israeli Accounting Standard Board. Mr. Zigelman served between 1996 and 2003 as a partner head of the professional practice department of KPMG Somekh Chaikin Accounting Firm in Tel Aviv. Mr. Zigelman holds a B.A in Accounting and Economics M.A in Business Economics and Post degree Accounting Studies all from Tel Aviv University. Mr. Zigelman is a Certified Public Accountant in Israel.