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Scitex Corporation Ltd. Names Dov Ofer to Succeed David Reis as President and CEO of Scitex Vision

TEL AVIV, Israel, Jan. 30 /PRNewswire-FirstCall/ -- Scitex Corporation Ltd. (Nasdaq & TASE: SCIX), a world leader in industrial inkjet and digital imaging solutions, today announced that Scitex Vision Ltd., its wholly-owned subsidiary that produces wide and super-wide format printers, has named Dov Ofer, Scitex Vision-s Executive Vice President of Sales, Marketing and Business Development, to succeed David Reis as President and Chief Executive Officer of Scitex Vision.

After completing six successful years as President and CEO of Scitex Vision, David Reis has decided to leave the company and join ImageID Ltd., as President and CEO. During his time at Scitex Vision, David lead the company from the start-up stage to over 90 million dollars in annual revenues while achieving constant high double digit growth year over year. Under his direction the company has become a global leader in the wide format printing market with a customer base in more than 52 countries worldwide. Yeoshua Agassi, President and CEO of Scitex Corporation Ltd. commented, "Under David Reis-s leadership, the company has experienced impressive growth, established a global infrastructure, recruited high level management, acquired strategic assets and has introduced innovative products. We highly appreciate David-s contribution and wish him much success in his new role."

Dov Ofer has been with Scitex Vision for the past three years as Executive Vice President of Sales, Marketing and Business Development. Prior to joining Scitex Vision, Dov managed Matan Digital Printing, one of the pioneering companies in the super-wide format printing industry, whose super-wide format technology and operations were bought by Scitex Vision in 1998. Dov Ofer holds an MBA degree from UC Berkeley and a BA degree in economics from the Hebrew University in Jerusalem. Mr. Ofer commented: "David Reis is leaving a company in my hands, which has an excellent foundation and an organization with strong customer focus - the key to our future success. I am looking forward to continuing the company growth and success and to lead it through the challenging period we are facing in the global economy."

Mr. Agassi concluded: "I am pleased to welcome Dov Ofer to his new position. He is a seasoned professional with diverse experience in directing worldwide sales and marketing operations, along with a demonstrated talent for strategic planning, market analysis and business development. We look forward to benefiting from his creative business acumen as he embarks on his new role as President and CEO. As for Scitex Vision, we have confidence in its ability to face the current economic condition, to achieve the company-s business objectives for the foreseeable future, and to establish its position as a globally recognized leader in the wide and super-wide format graphic arts market."

About Scitex Vision Ltd.

Scitex Vision Ltd. is a leading developer, manufacturer and service provider of wide and super-wide format digital printing systems and consumables. Scitex Vision printers are dedicated to a wide array of applications, including billboards, fleet marking, banners, street advertising, point-of-purchase displays, and floor and window graphics. The young and dynamic company has over 300 employees worldwide and is headquartered in Herzlia, Israel with principal subsidiaries in Atlanta, Georgia, USA and Brussels, Belgium. Backed by global marketing and support networks, Scitex Vision is committed to providing high-quality and cost-effective solutions to ambitious printing houses worldwide. Scitex Vision is a wholly-owned subsidiary of Scitex Corporation Ltd.

About Scitex Corporation Ltd.

Scitex Corporation Ltd., is the world leader in digital industrial inkjet printing solutions. Through its wholly owned subsidiaries and strategic investments, Scitex strengthens its market position in this specialized sector. Scitex shares trade on NASDAQ and The Tel Aviv Stock Exchange under the symbol SCIX.

For more information: www.scitex.com

Editor
1/31/2002


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