Ronn Benatoff

Ronn Benatoff has been a member of our Board of Directors since July 2004. Mr. Benatoff is a long-time entrepreneur in international trade and since 2000 has served as the Managing Director-Israel for Syntek Capital A.G., an investment holding company based in Germany. Mr. Benatoff has served as chairman of Italinvest Ltd. since 1999 and as a director of Xcitel Ltd. since 2003. Mr. Benatoff has been associated with Fideco SpA since 1990, and at various times served as its chairman of the board of directors and/or an executive of the company. From 2002 until 2004, Mr. Benatoff was a director with Adyoron Intelligent Systems Ltd., acting as chairman of the board from 2002 until mid-2003.

Mr. Benatoff also was previously chief executive officer of Cifideco Ltd., a Hong Kong-based company with subsidiaries in Spain and Argentina. Mr. Benatoff was a member of the board of directors of Xtend Networks Ltd. from 2001 until 2004, when we acquired that company. Mr. Benatoff is fluent in English, French, Hebrew, Italian and Spanish. The Share Exchange Agreement by which we acquired the outstanding shares of Xtend Networks Ltd. entitled Syntek Capital A.G., under certain conditions, to nominate o­ne representative to our Board of Directors, and Mr. Benatoff has been so nominated.