(JANUARY 16, 2005) Herzliya, Israel – VCON (Euronext – Noveau Marché – ISIN CODE: IL 00 108 30540), a worldwide leader in audio and videoconferencing solutions, today announced that David Ofek has been appointed as the company’s Chief Executive Officer. Yair Shamir, who has held the position of President, CEO and Chairman for the past 8 years, will maintain his position as Chairman of the Board. “I am happy to welcome David Ofek”, commented Shamir on Ofek’s appointment, “I believe we will all benefit from his vast experience in defining new directions for VCON”. “Our industry is dynamic and changing, and David is the right person to provide new ideas that will benefit VCON’s position in the world of rich media communications where we will continue to provide valuable services to customers”. Pleased to be joining VCON, Ofek said, “VCON has a great professional team combined with solid core technology. I plan to leverage VCON’s existing assets to create growth in well-defined sectors”. “I feel VCON has achieved and triumphed over many challenges since it was established and I commend Yair for conducting it through rough waters and bringing the company to a solid position both in terms of technology and vision”. “VCON has reached a point of strength where it can explore new horizons and attain further growth and a leading edge in the market”. Ofek brings more than twenty years of leadership and experience in the technology sector in companies like: Scitex Corporation Ltd, Objet Geometries Ltd. and Sapiens International N.V. Ofek is a graduate of Tel-Aviv University in Economics and a graduate of the Senior Executive Program of the Wharton School of Business in Pennsylvania. | 
