Medis Technologies Ltd. Statement
New York, NY, November 15, 2009 --(PR.com)-- Medis Technologies Ltd. (MDTL: PK) (“Medis” or the ”Company”), today announced that Jose Mejia resigned as Chairman and CEO on November 10, 2009. Mr. Mejia’s resignation was effective immediately. Furthermore, due to the recent liquidation action taken by the current and former employees of More Energy Ltd. and Medis El Ltd., the Company’s wholly owned Israeli operating subsidiaries, Gennadi Finkelshtain, Chief Technology Officer of Medis, has also submitted his immediate resignation.
The Board of Directors has accepted the resignations and has assumed the management of the Company and is analyzing the options for the future.
This press release may contain forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. In some cases you can identify those so-called “forward looking statements” by words such as “may,” “will,” “should,” “expects,” plans,” “targets,” “believes,” “anticipates,” “estimates,” “predicts,” “potential,” or “continue” or the negative of those words and other comparable words. These forward looking statements are subject to risks and uncertainties, product tests, commercialization risks, availability of financing and results of financing efforts that could cause actual results to differ materially from historical results or those anticipated. Further information regarding these and other risks is described from time to time in the Company’s filings with the SEC. We assume no obligation to update or alter our forward-looking statements made in this release or in any periodic report filed by us under the Securities Exchange Act of 1934 or any other document, whether as a result of new information, future events or otherwise, except as otherwise required by applicable federal securities laws.
Contact
Medis Office
212-935-8484
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The Board of Directors has accepted the resignations and has assumed the management of the Company and is analyzing the options for the future.
This press release may contain forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. In some cases you can identify those so-called “forward looking statements” by words such as “may,” “will,” “should,” “expects,” plans,” “targets,” “believes,” “anticipates,” “estimates,” “predicts,” “potential,” or “continue” or the negative of those words and other comparable words. These forward looking statements are subject to risks and uncertainties, product tests, commercialization risks, availability of financing and results of financing efforts that could cause actual results to differ materially from historical results or those anticipated. Further information regarding these and other risks is described from time to time in the Company’s filings with the SEC. We assume no obligation to update or alter our forward-looking statements made in this release or in any periodic report filed by us under the Securities Exchange Act of 1934 or any other document, whether as a result of new information, future events or otherwise, except as otherwise required by applicable federal securities laws.
Contact
Medis Office
212-935-8484
###
Contact
Medis Technologies, Ltd.
Omer Masud
212-935-8484
www.medistechnologies.com
Omer Masud
212-935-8484
www.medistechnologies.com
Contact
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