ECtel Adds to Board

ECtel announced that its Board has nominated Yair Cohen, Jonathan Kolber and Sami Totah for election as new Directors of the Company

August 16, 2006

2 Min Read

ROSH HA'AYIN, Israel -- ECtel Ltd. (NASDAQ: ECTX), a leading global provider of Integrated Revenue Management™ (IRM™) solutions, today announced that its Board has nominated Yair Cohen, Jonathan Kolber and Sami Totah for election as new Directors of the Company. Elections will take place at the Annual Shareholders Meeting, which is scheduled for September 2006.

ECtel's Board nominated Yair Cohen as Chairman of the Board, subject to his election as director at the Annual Shareholders Meeting.

Mr. Cohen will be replacing Harel Beit-On who served as the Company's Director and Chairman since June 2004 and who will leave the Board of Directors to focus his time on his Venture Capital activities.

“I leave my position with the satisfaction that ECtel is on the right path after having successfully returned to growth and profitability,” commented Harel Beit-On. “I am very confident about ECtel's ability to maintain its leadership position in the IRM market and accomplish its goals under the leadership of Eitan Naor, its President & CEO, and the Company's highly qualified management team. I am happy that I had the opportunity to work with such a dedicated and experienced team to jointly turn ECtel into a clear leader in its field.”

Eitan Naor, CEO of ECtel said, “Over the years, Harel's unique experience with fast growing hi-tech companies had a significant long lasting contribution to ECtel's renewed growth We would very much like to thank him for that.”

“I am very excited about the expected joining of Messrs. Cohen, Kolber and Totah to our Board,” continued Mr. Naor. “As ECtel is aiming at broadening its market footprint, these highly qualified industry leading individuals are expected to make a major contribution to the continued growth of ECtel. I am glad that Mr. Cohen has agreed to serve as Chairman of our Board, following his expected election as Director by our shareholders, and I'm confident of his meaningful contribution."

ECtel Ltd. (Nasdaq: ECTX)

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