GlassesOff Inc. (OTCBB:GLSO) today announced the appointment of Sasson Darwish, as an independent member of GlassesOff’s Board of Directors. Mr. Darwish will additionally serve as the Board’s non-executive Vice Chairman.
“The addition of Mr. Darwish as Vice Chairman of our Board of Directors is a positive development for GlassesOff,” said Nimrod Madar, CEO of GlassesOff. “As a company transitioning from a development stage organization into commercial sales, we believe Mr. Darwish, with his experience as a veteran investment banker, will play an instrumental role in helping the company execute its stated strategy and operational plan.”
“As an investment banker working in the technology space for the better part of the last 20 years, I am excited to join the Board of Directors at GlassesOff,” said Mr. Darwish. “In my role as an investment banker, I have seen numerous business models and innovative technologies, and I find GlassesOff’s model and technology particularly exciting.”
Mr. Darwish brings 20 years of Wall Street technology experience to GlassesOff, having served as Managing Director and Head of the Americas Technology Investment Banking Group at Nomura, Head of East Coast Coverage for the Technology Investment Banking Group at Bank of America Merrill Lynch, and Vice President at Lehman Brothers' Investment Banking Global Technology Group. Mr. Darwish has a bachelor’s degree in Economics and Management from Tel Aviv University and an MBA from Yale School of Management.About GlassesOff ™ GlassesOff Inc. is a development-stage company developing and expecting to commercialize next generation vision sharpness applications. GlassesOff™ has developed a proprietary, patent-protected technology platform to improve near vision sharpness, by improving the image processing function in the visual cortex of the brain, without changing the optical characteristics of the eye. The GlassesOff ™ product has been designed to eliminate the dependency on reading glasses of people over the age of 40 who experience natural age-related changes in their near vision sharpness. The GlassesOff ™ product is expected to be sold initially as an iPhone/iPad app, and was named one of the top Emerging Breakthroughs in Science and Technology for 2013 by Reader’s Digest Magazine. For more information, visit www.glassesoff.com. Safe Harbor Statement: This press release contains forward-looking statements, which may be identified by words such as “expects,” “plans,” “projects,” “will,” “may,” “anticipates,” “believes,” “should,” “would,” “intends,” “estimates,” “suggests,” “has the potential to” and other words and phrases of similar meaning, including statements regarding the results of effectiveness of GLASSESOFF’s applications. Investors are cautioned that forward-looking statements involve risks and uncertainties that may affect GLASSESOFF’s business and prospects, including the risks that GLASSESOFF may not succeed in generating any revenues or developing any commercial products, that the products may not achieve the expected results or effectiveness, and other risks and uncertainties that may cause results to differ materially from those set forth in the forward-looking statements. In addition to the risk factors described above, investors should consider the risk factors and other information contained in GLASSESOFF’s filings with the Securities and Exchange Commission. The forward-looking statements contained in this press release speak only as of the date the statements were made, and we do not undertake any obligation to update forward-looking statements, except as required under applicable law.