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The following is an excerpt from a S-1 SEC Filing, filed by ISRAEL GROWTH PARTNERS ACQUISITION CORP. on 9/15/2005.
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Directors, Executive Officers and Senior Advisors


Our current directors, executive officers and senior advisors are as follows:






Matty Karp

   56    Chairman

Carmel Vernia

   52    Chief Executive Officer and Director

Dror Gad

   39    Executive Vice President, Chief Financial Officer and Director

David Silberg

   56    Executive Vice President, Secretary and Director

Lior Samuelson

   58    Senior Advisor

George Hervey

   59    Senior Advisor


Matty Karp has been our Chairman since our inception. In 1997, Mr. Karp co-founded Concord Ventures, an Israeli venture capital fund focused on Israeli early stage technology companies, and has served as its Managing Partner since its formation. From 1994 to October 2001, Mr. Karp served as Chief Executive Officer of Kardan Technologies, Ltd. a technology investment company. From 1994 to 1997, Mr. Karp served as the President of Nitzanim Venture Fund, an Israeli venture capital fund focused on early-stage high technology companies. From 1987 to 1994, Mr. Karp served as Corporate Vice President for Business Development, Marketing and Sales, General Manager of the Airbornes Systems Division and Head of the Systems and Products Group at Elbit Computers Ltd., an Israeli high-tech company with a worldwide presence in the defense and health care sectors. Mr. Karp has served on the Board of Directors of Galileo Technology Ltd., which was acquired by Marvel Technology Group, Ltd., a Nasdaq listed company; Accord Networks Ltd., which was acquired by Polycom Inc., a Nasdaq listed company; Saifun Semiconductors; Wintegra; and other Concord portfolio companies. Mr. Karp has also served on the Board of Directors of El Al Israel Airlines. He also served as a jet fighter pilot in the Israeli Air Force. Mr. Karp received a B.S., cum laude , in Electrical Engineering from the Technion — Israel Institute of Technology and is a graduate of the Harvard Business School Advanced Management Program.


Carmel Vernia has been our Chief Executive Officer and a Director since our inception. Since January 2005, Mr. Vernia has been engaged in various private investment activities. From June 2003 to January 2005, Mr. Vernia served as the Chairman of the Board of Directors and Chief Executive Officer of Tower Semiconductor Ltd., a silicon foundry based in Israel. From 2000 to May 2002, Mr. Vernia served as the Chief Scientist in the Government of Israel’s Ministry of Industry and Trade. Following his service as Chief Scientist from June 2002 until May 2003, Mr. Vernia was subject to a mandatory one year cooling period under Israeli law during which he was not allowed to work for or receive any benefit from any organization that benefited in any way from his decisions while in his government position. From 1984 until April 2000, Mr. Vernia was employed by Comverse Technology, a Nasdaq listed company that is one of the world’s leading suppliers of voicemail systems and other value added services to wireless and wireline telecom operators, most recently as its Chief Operating Officer, as well as Chief Executive Officer of Verint Systems, an independent subsidiary of Comverse Technology and a world leader in digital voice and video recording for communications and business intelligence, which later became an independent Nasdaq listed company. Mr. Vernia also serves on the Executive Council of Tel Aviv University. Mr. Vernia received an M.S. in Electrical and Computer Engineering from the University of California, Davis, and a B.S. in Electrical Engineering from the Technion — Israel Institute of Technology.


Dror Gad has been our Executive Vice President, Chief Financial Officer and Director since our inception. In January 2003, Mr. Gad founded Danash Management and Investments, an advisory business focused on the Israeli technology sector and has served as its Chairman since its formation. From 2000 until December 2002, Mr. Gad was the Chief Executive Officer of TechnoPlus Ventures Ltd., an Israeli venture capital investment company, listed on the Tel Aviv Stock Exchange. From 1997 to 1999, Mr. Gad served as a Vice President of



the Property and Building Corporation a Tel Aviv Stock Exchange listed company and subsidiary of the IDB Group, where he formed and headed the Project Finance Division. From 1995 to 1997, Mr. Gad served as an assistant to the Chief Executive Officer of IDB Holdings Corporation Ltd., a Tel Aviv Stock Exchange listed company. From 1984 to 1993, Mr. Gad served as a pilot in the Israeli Airforce, where he held various positions. Mr. Gad retired with the rank of Major (res.) and is an active F-16 pilot. From 1993 to 1995, Mr. Gad attended Tel Aviv University, from which he received a B.A., cum laude , in Economics and Management. Mr. Gad also received an Executive M.B.A. from the Kellogg-Recanati International program, a joint program of Northwestern University and Tel-Aviv University.


David Silberg has been our Executive Vice President and a Director since our inception. In 2000, Mr. Silberg joined Mercator Capital L.L.C. and since that time he has served as Managing Director of Mercator Research Ltd., an entity that provides research and other services for Mercator Capital L.L.C. in Israel, where he developed its business and positioned it amongst the Israeli high-tech community. Mr. Silberg manages the firm’s cross-border investment banking activities in Israel, advising in the execution of various strategic acquisitions and divestitures, as well as serving as the firm’s legal advisor. From 2000 to September 2003, Mr. Silberg also served as a Director in Israel’s National Water Company “Mekorot” as an Israeli Government Appointee and as Chairman of its Security Committee, as well as on both its audit and development committees. From 1974 until 2000, Mr. Silberg held various positions in the Israeli Prime Minister’s office, reaching the rank of Head of Directorate (equivalent to Brigadier-General). While at the Prime Minister’s office, he was, among other things, responsible for high level legal, diplomatic, financial and defense assignments and played an active role in the peace negotiations between various Israeli Prime Ministers and Arab heads of state, which culminated in the 1994 Middle East peace agreements. In 1994, Mr. Silberg was awarded a Distinction of Honor from the Israeli Prime Minister’s Office for outstanding and breakthrough achievements in the execution of his national assignments. In 1999, Mr. Silberg attended the INSEAD Business School near Paris. In 1984, Mr. Silberg received an LL.B. degree from Tel-Aviv University Law School. Mr. Silberg received an M.A., with honors, in Political Science from the Haifa University in 1995 and is a graduate of Israel’s National Defense College.


Lior Samuelson has been a Senior Adviser to us since August 2005. Mr. Samuelson currently serves as an Executive Vice President and Director of Mercator Partners Acquisition Corp., an OTC Bulletin Board listed blank check company formed in January 2005 for the purpose of effecting a merger, capital stock exchange, asset acquisition or other similar business combination with an unidentified operating business. In 1999, Mr. Samuelson co-founded Mercator Capital L.L.C., a merchant and investment bank focused on communications, media and technology and has been a partner of it and its affiliates since formation. From 1997 until 1999, Mr. Samuelson was President and Chief Executive Officer of PricewaterhouseCoopers Securities. From 1994 to 1996, Mr. Samuelson served as Chief Executive Officer of Barents Group, a merchant bank and advisory firm specializing in assisting companies in emerging markets. In 1985, Mr. Samuelson joined PEG Group, a company that specialized in developing simulation software and services, which was sold to KPMG in 1986. Mr. Samuelson became a partner of KPMG in 1986, and served as a partner of KPMG until 1994. From 1980 until 1985, Mr. Samuelson served in a senior management position with Booz, Allen & Hamilton, a management consulting firm. Since August 2001, Mr. Samuelson has served as a Director of Deltathree, Inc., a Nasdaq listed internet telephony company, and, since April 2001, as a Director of Civcom, a privately held telecommunication equipment company. Mr. Samuelson received a B.S. and an M.S. from Virginia Tech.


George Hervey has been a Senior Advisor to us since August 2005. Mr. Hervey joined Marvell Technology Group Ltd., a Nasdaq listed global semiconductor provider of high-performance analog, mixed-signal, digital signal processing and embedded microprocessor integrated circuits, in 2000. Since that date, Mr. Hervey has served as its Vice President of Finance and Chief Financial Officer, and serves in a similar capacity for Marvell Semiconductor, Inc. From 1997 to 2000, Mr. Hervey served as Senior Vice President, Chief Financial Officer and Secretary for Galileo Technology Ltd., formerly a Nasdaq listed company, which Marvell acquired in January 2001. From 1992 to 1997, Mr. Hervey was Senior Vice President and Chief Financial Officer of S3 Incorporated, a designer and manufacturer of graphics and video accelerators for personal computers and related peripheral products. Mr. Hervey received a B.S. in Business Administration from the University of Rhode Island.



Our board of directors is divided into three classes with only one class of directors being elected in each year and each class serving a three-year term. The term of office of the first class of directors, consisting of Dror Gad, will expire at our first annual meeting of stockholders. The term of office of the second class of directors, consisting of David Silberg, will expire at the second annual meeting. The term of office of the third class of directors, consisting of Matty Karp and Carmel Vernia, will expire at the third annual meeting.


These individuals will play a key role in identifying and evaluating prospective acquisition candidates, selecting the target business, and structuring, negotiating and consummating its acquisition. Other than Mr. Samuelson, none of these individuals has been or currently is a principal of, or affiliated with, a blank check company. However, we believe that the skills and expertise of these individuals, their collective access to acquisition opportunities and ideas, their contacts, and their transactional expertise should enable them to successfully identify and effect an acquisition.

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