Thursday October 19, 7:23 pm Eastern Time
Press Release
SOURCE: KSAT Satellite Networks Inc.
KSAT Satellite Networks Inc. appoints CEO
Trading Symbol: KSA
VANCOUVER, Oct. 19 /CNW/ - KSAT Satellite Networks Inc. announced today that Avi Shabtai has been appointed Chief Executive Officer of KSAT effective October 1, 2000 to replace Meir Bochor, KSAT's Chief Operating Officer who had been also acting, on an interim basis, as Chief Executive Officer of KSAT.
Mr. Shabtai, before he joined KSAT, was the Director of Sales in Asia for Gilat Communications Ltd., a leading company in e-Learning systems. Prior to that, Mr. Shabtai from 1998 to 1999 was the Vice-President, International Sales of MTS Ltd., a development company specializing in telemanagement and call accounting solutions.
KSAT is in the satellite telecommunications business in China. The common shares of KSAT trade on the Canadian Venture Exchange under the trading symbol "KSA". KSAT's current business involves the manufacture and sale of very small aperture terminals ("VSATs"), the investment in and development of VSAT service networks in China and the provision of VSAT private network services through its Chinese joint venture partners to corporate and government customers.
The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
For further information
Joseph Leung, Chief Financial Officer, (8610) 6510-2808, E-mail: joe.leung@ksat.net |
