MOUNTAIN VIEW, Calif.-- July 5, 2006 -- Commtouch® (Nasdaq: CTCH), the leader in real time anti-spam and Zero-Hour™ virus protection technology, announced today the continuation of its positive business accomplishments throughout the second quarter of 2006.
Accomplishments during Q2 include:
"I am very pleased that Ron, Jay and Rebecca have joined our team. Each brings important skills that will contribute to our future growth," stated Gideon Mantel, CEO of the Company. "As the new CFO, Ron is filling a key leadership position in which, among other things, he will manage the current finance team, and will have direct responsibility for investor relations. VP Finance Devyani Patel has done a superb job managing the finance department until now, and she will now be reporting to Ron. Jay will lead the North American business development activities and will focus on strategic accounts. Rebecca will work on leveraging Commtouch’s growing customer base - helping our loyal customers get the most from the Commtouch technology while concurrently increasing Commtouch’s brand recognition."
“The first half of 2006 was very good to us,” Mantel continued. “We have become a clear leader in our space, with greater financial stability and with a promising product road map to leverage on our latest customers wins.”
About Commtouch
Commtouch Software Ltd. (NASDAQ: CTCH) is dedicated to protecting and preserving the integrity of the world's most important communications tool -- email. Commtouch has over 15 years of experience developing messaging software and is a global developer and provider of proprietary anti-spam and Zero-Hour virus protection solutions. Using core technologies including RPD (Recurrent Pattern Detection™), the Commtouch Detection Center analyzes billions of email messages per month to identify new spam and malware outbreaks within minutes of their introduction into the Internet. Integrated by more than 40 OEM partners, Commtouch technology protects thousands of organizations, with over 35 million users in over 100 countries. Commtouch is headquartered in Netanya, Israel, and has a subsidiary in Mountain View, CA. For more information, see: www.commtouch.com, including the Commtouch online lab detailing spam statistics and charts.
This press release contains forward-looking statements, including projections about our business, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. For example, statements in the future tense, and statements including words such as "expect," "plan," "estimate," "anticipate," or "believe" are forward-looking statements. These statements are based on information available to us at the time of the release; we assume no obligation to update any of them. The statements in this release are not guarantees of future performance and actual results could differ materially from our current expectations as a result of numerous factors, including business conditions and growth or deterioration in the Internet market, commerce and the general economy, both domestic as well as international; fewer than expected new-partner relationships; competitive factors, including pricing pressures; technological developments, and products offered by competitors; the ability of our OEM partners to successfully penetrate markets with products integrated with Commtouch technology; a slower than expected acceptance rate for real time AV solutions in general and the Commtouch Zero-Hour(TM) Virus Protection product in particular; availability of qualified staff for expansion; technological difficulties and resource constraints encountered in developing new products, such as the Zero-Hour solution; and the failure of Commtouch to meet The NASDAQ Capital Market's listing standards in the future, as well as those risks described in the text of this press release and the company's Annual Reports on Form 20-F and reports on Form 6-K, which are available through www.sec.gov.
Recurrent Pattern Detection, RPD and Zero-Hour are trademarks, and Commtouch is a registered trademark, of Commtouch Software Ltd. U.S. Patent No. 6,330,590 is owned by Commtouch.
Contact:
Rebecca Steinberg Herson
Tel: +650-864-2112
Int’l: +972-9-863-6877
rebeccah@commtouch.com
