MATV Matav-Cable Systems Media Ltd. ADS (MM)

NETANYA, Israel, April 11 /PRNewswire-FirstCall/ -- Matav-Cable Systems Media Ltd. (NASDAQ:MATV)(TASE:MATV) announced today that Mr. Ram Belinkov, the CEO of the merged operations of Matav and the other two Israeli cable companies (operating under the brand name "Hot"), has decided to leave his position. He is expected to remain in his position until a replacement is found. Mr. Srebernik, Matav's Chairman of the Board and CEO, commented "On behalf of Matav, I want to take this opportunity to thank Ram Belinkov for his remarkable contribution to Hot, the merged operations of the cable companies. Ram's dedication, talent, professionalism and vision enabled him to lead Hot through turbulent times. I wish him luck in all his future endeavors." About Matav: Matav is one of Israel's three cable television providers, serving roughly 25 percent of the Israeli cable subscriber market. Matav's current investments include 1.2% of Partner Communications Ltd., a GSM mobile phone company and 18.5% of Barak I.T.C. (1995) Ltd., one of the three international telephony providers in Israel. IMPORTANT NOTICE: This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements that are based on various assumptions (some of which are beyond Matav's control) may be identified by the use of forward-looking terminology, such as "may", "can be", "will", "expects", "anticipates", "intends", "believes", "projects", "potential", "are optimistic", "view" and similar words and phrases. Actual results could differ materially from those set forth in forward-looking statements due to a variety of factors, including but not limited to (1) changes in technology and market requirements, (2) decline in demand for the company's products, (3) inability to timely develop and introduce new technologies, products and applications, (4) loss of market share and pressure on pricing resulting from competition, (5) uncertainty as to the completion of acquisition of new businesses or operations and integration thereof with Matav's business, and (6) the other risk factors detailed in Matav's most recent annual report and other filings with the US Securities and Exchange Commission. Matav undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Contacts: Ori Gur Arieh, General Counsel Matav-Cable Systems Media Ltd. Tel.: +972-77-7077031 Ayelet Shiloni Integrated Investor Relations Tel.:+1-866-447-8633 Tel.:+972-50-6883-336 DATASOURCE: Matav - Cable Systems Media Ltd. CONTACT: Contacts: Ori Gur Arieh, General Counsel, Matav-Cable Systems Media Ltd. Tel.: +972-77-7077031, Ayelet Shiloni, Integrated Investor Relations, Tel.:+1-866-447-8633, Tel.:+972-50-6883-336,

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