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Scanvec Amiable Appoints New Chairman

Thursday, April 15, 2004

Press release from the issuing company

Philadelphia, PA – April 14, 2004 – Scanvec Amiable announced today that the Board of Directors, which was reconstituted last week when four new directors were appointed, has appointed Mark Blundell to be Chairman of the Company. Dr. Ramon Harel will continue to serve as CEO. Mr. Blundell commented: “We believe that the recent moves by active investors to acquire significant portions of the stock of the company will position Scanvec Amiable well for the future. The combination of industry and software expertise within the Company under Dr. Harel, with the stock market knowledge and access to capital that the new investors and directors bring will strengthen the business. Scanvec Amiable will be able to capitalize more on its strengths and leverage its position as a public company to bring about growth in the years to come, both internally and through acquisitions.”




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