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RUSure's staff down to 10 after second wave of dismissals

CEO says company negotiating with several unidentified parties

Just two months after Israeli based e-commerce search and compare engine


fired 20 of its employees, has learned that it has just dismissed half of its remaining workforce.

RUSure's management has told seven of its seventeen employees that their services are no longer required. This leaves the firm with a workforce of 10, as confirmed by company CEO Hagay Ram.

But Ram insists that RUSure is still operating and retains the support of its shareholders including founder Yossi Vardi, and shareholder Benny Steinmetz, both of whom continue to inject funds into the enterprise. Ram says that the company could go in several different directions and admits its management is currently negotiating with several interested parties, whom he has declined to name.

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RUSure develops software for comparing prices on the Web. Last month, it contacted

, which runs a sales website, in the hope that an alliance would attract investors and secure enough funding to keep the firm afloat for several months. But nothing came out of the talks.

RUSure was established with $5 million raised by

Ventura Communication Internet

, a privately owned company that sets-up websites and develops Web-related products.