Jerusalem (JPFS) — All 13 nom-
inees recommended by Scitex for
its board of directors were elect-
ed at the annual shareholders'
ieeting with none receiving few-
er than 95 percent of the vote.
The meeting was held a day
after American-Israeli high-tech
entrepreneur Davidi Gilo decid-
ed to withdraw his hostile take-
Before Mr. Gilo's withdrawal,
the board feared shareholders
yould criticize the major share-
, ciolders, who are represented on
the board, for rejecting Mr. Gilo's
The shareholders appointed
Yoav Chelouche, president and
chief executive officer, as a di-
rector for the first time. He was
appointed president and CEO in
The shareholders also ap-
proved the board's recommen-
dation that Kesselman and
Kesselman be reappointed as au-
ditors. In addition, the share-
holders approved a final dividend
of $0.52 a share for 1995 and a
proposal that shareholders re-
and consider the 1995 au-
ditor's report and consolidated
Scitex, which specializes in
digital communication for graph-
ic designs, completed the first
quarter with a profit of $3.3 mil-
JAGUAR OF TROY
Jerusalem (JPFS) — Affiliates
of the Charles Bronfiiian family
and the Jonathan Kolber fami-
ly, together with the Renais-
sance Fund LDC, have agreed
in principle to invest between
$45 million and $50 million in
Inc.(Nasdaq), the company an-
The investment, made by Mr.
Bronfm.an, the brother of Edgar
Bronfman, chairman of Seagram
Co., and Mr. Kolber, president of
/— the Tel Aviv investment compa-
ny Claridge Israel Inc., reflects
investors' faith in the telecom-
munications company, Mr. Kol-
The New Jersey-based Geot-
ek is an international company
providing integrated voice and
\--, data solutions for mobile busi-
' ness users.
The company recently began
offering wireless communications
services to fleets of commercial
vehicles over its FHMA-based
networks, in five U.S. markets.
Geotek plans to build net-
works in over 35 major U.S. mar-
kets and was recently awarded
a license to build an FHMA net-
work in Canada.
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FOR RESERVATIONS OR INFORMATION IN WEST BLOOMFIELD
Variations is now open to the public
We have been manufacturing custom furniture & cabinets for
Certificate of Deposit
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1 800.758 0753
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Ph. (810) 684-1221
Fx. (810) 685-8044