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Scitex Digital Printing Names Eli Lubitch VP of Corporate Development

Press release from the issuing company

Company strengthens role of strategic partnerships and business expansion to continue rapid growth of its Business Color(TM) technology DAYTON, Ohio, May 9 -- Scitex Digital Printing has announced the appointment of Eli Lubitch to the position of vice president of corporate development. In this newly created position, Lubitch will be responsible for broadening the business base of the company by identifying and developing strategic partnerships and business opportunities. Commenting on the new position, Nachum "Homi" Shamir, president and chief executive officer of Scitex Digital Printing, emphasized the importance of this position in furthering the company's business objectives. "Mr. Lubitch's appointment is consistent with our business strategy to drive our printing technology into the main stream of the digital printing industry. We recognize our printing technology, especially our Business Color technology, is ideally suited for markets that until now have been ignored or underserved. With Eli's proven track record in business development and with his leadership, we are dedicated to identifying where 'best fit' market opportunities and partnerships reside." Lubitch joined Scitex Digital Printing last year as director of development. Prior to joining the company, he held various positions with Scitex Corporation Ltd, parent company of Scitex Digital Printing, including director of business development and R&D product manager. Lubitch has an MBA with an emphasis on technology management from Technion Israel Institute of Technology as well as a master's degree in computer science from Tel-Aviv University and a bachelor's degree in mathematics and computer science from Hebrew University in Jerusalem. Scitex Digital Printing, Inc. is a world leader in ultra-high-speed digital printing solutions with over 5,000 system installations worldwide and in a variety of applications ranging from addressing, personalization and variable messaging, to direct mail and short-run book printing and bill and statement printing. The company's products include the VersaMark(TM) high- resolution page printing systems and the Dijit range of narrow format printers. Scitex Digital Printing is a wholly owned subsidiary of Scitex Corporation, Ltd. Scitex Corporation, Ltd., is building a network of market- leading, innovative companies focused on combining the power of the Internet with digital imaging technologies to create a world of visually rich business communications. Scitex shares trade on Nasdaq under the symbol SCIX. For more information, please visit our web sites at www.scitexdpi.com , and at www.scitex.com .