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magicJack Announces New Additions to the Board and Senior Management Team

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  • Richard Harris brings deep operational and sector expertise to the Board
  • Jose Gordo appointed SVP of Finance

WEST PALM BEACH, Fla. and NETANYA, Israel, April 2, 2013 (GLOBE NEWSWIRE) -- magicJack VocalTec, Ltd. (Nasdaq:CALL) ("MJ"), a cloud communications leader that invented voice over IP (VoIP) technology, today announced that Richard Harris has been named to its Board of Directors and Jose Gordo has been appointed Senior Vice President of Finance.

Mr. Harris brings more than 40 years of financial and operational management experience to the magicJack board and has served on the boards of several companies including Amtrol, Inc. and VoiceVerified, Inc. He also has considerable experience in telecommunications, as he was previously the Chief Financial Officer at Independent Wireless One, the Vice President of Operations, Finance and Administration at Horizon Cellular Telephone Company, and the Vice President and Chief Financial Officer at Metrophone Cellular Communications Company. In addition, he was the Chief Financial Officer at Nobel Learning Centers; the Controller at Harrah's Atlantic City; and the audit manager at Coopers and Lybrand. Harris is also the founder and president of Harris & Associates, a seventeen-year-old consulting firm specializing in providing financial, operational, and strategic consulting services for start-up and high growth telecommunications and technology companies such as Sprint PCS, Omnipoint Communications, Signal Holdings, Unisite, PCS One, Galaxy Scientific Company, ECI Conference Calling Services, Inc., TelePacific, and Westec Inc. He holds an MBA in Finance from the Wharton School in Philadelphia, a BS in Accounting from the Pennsylvania State University and has a CPA license in Pennsylvania. Harris was also appointed a member of the board's compensation committee.

Mr. Gordo has approximately 20 years of experience in finance, operations, business management, SEC matters and corporate law. He co-founded Southcap Partners, a managing general partnership with investments in medium-sized companies. Previously, Gordo was a Managing Director of a private equity firm and was a partner at the national law firm of Akerman Senterfitt, where he specialized in corporate law matters, advising public and private companies and investment firms on mergers & acquisitions and capital markets transactions. He received a J.D. degree from Georgetown University Law Center and a B.A. degree from the University of Miami.

"We are very excited to welcome Rich to our Board and look forward to benefitting from his significant telecommunications expertise and previous company board experience," said magicJack VocalTec President and CEO Gerald Vento. "In addition, the appointment of Jose enhances our senior management team given his considerable experience in business management, operations, finance and SEC matters. We believe these new additions position the company for its next stage of growth."

About magicJack VocalTec Ltd.

magicJack VocalTec Ltd. (Nasdaq:CALL), the inventor of VoIP, including the softphone and magicJack, has the goal of becoming the leading international provider of global voice over many platforms. The Company has achieved sales of more than 10 million of the easy-to-use, award-winning magicJack products since the first device's launch in 2008, and has the use of more than 30 patents, some dating to when the Company invented VoIP. It is the largest-reaching CLEC (Competitive Local Exchange Carrier) in the United States in terms of area codes available and certification in number of states, and the network has historically had uptime of over 99.99 percent.

CONTACT: Seth Potter Investor Relations 561-749-2255 ir@vocaltec.com

Source:magicJack VocalTec Ltd.