Three board members of iQ International AG, Zug, Switzerland have resigned so that currently the board of iQ is composed of two members only (George Weiss as Chairman and Won-Lak Choi). Reason for the resignation of the three board members is that the appointed commissioner - in order to save costs - did not approve the continuation of a D&O insurance. It is envisaged that new board members will be appointed at the next general meeting of iQ.