On December 29, Mr. Gadi Levin has resigned his position as CFO of Sativus Tech Corp., his departure was not due to any disagreements with the Company. The same day the Board appointed Mr. Uri Ben-Or as its new Chief Financial Officer. Mr. Uri Ben-Or, 53, is an accomplished CPA and has been CFO of several publicly held companies.

Mr. Ben-Or brings over 25 years of broad experience in corporate finance, accounting, M&A transactions, IPO's and operations of public companies on the TASE, Nasdaq & NYSE. Mr. Ben-Or earned his BA in Accounting, College of Management, 1996, and Executive MBA from Bar Ilan University, 2004.