GLF Gold Frost

    Gold Frost Limited

                        ("Gold Frost" or the "Company")                        

                                                                               

 GOLD FROST ENHANCES CORPORATE MANAGEMENT TEAM TO SUPPORT CONTINUED GROWTH AND 
                            INTERNATIONAL EXPANSION                            

 
                    Gil Hochboim Returns as Vice President
                    Yaron Levy to join as Finance Director


Gold Frost (LSE:GLF.L), the designer, developer and distributor of kosher
chilled, frozen and dairy food products, today announced that it has enhanced
its corporate management team in order to support the Company's increasing
global reach and further anticipated growth. 

Zwi Williger commented: "We are taking appropriate measures to ensure that our
corporate infrastructure is sufficient to support our rapid growth and
international expansion.  We intend to pursue acquisitions, as well as increase
our penetration into the U.S. and Europe markets, which will add new elements
of complexity to the business and require additional management expertise."

Gil Dekel Hochboim, 37, returns to the Company as Vice President, with
responsibility for mergers and acquisitions and general operations.  Mr.
Hochboim served as a Finance Director of the Company between April 2001 and
October 2006.  Between March 1998 and August 2000, he served as deputy manager
of Ha'menia Goods Transport Corp. Ltd. and between April 1995 and February
1998, Mr. Hochboim served as Deputy Comptroller of Dan Hotels Corp. Ltd.  Mr.
Hochboim is a certified public accountant (Israel). He received his BA in
Accounting and Business Management from the College of Management, Tel-Aviv,
Israel. Mr. Hochboim is also vice president of G. Willi-Food International,
Ltd.

Yaron Levy, 34, will join the Company as Finance Director, effective 1 August
2007, replacing Chen Shlein.  Mr. Levy will also provide the Company's
principal shareholder, G. Willi Food International Ltd. with certain financial
services.  Between April 1999 and July 2007, Mr. Levy served as a senior
manager at Ernst & Young, Israel, where he participated in the initial public
offerings of various companies traded on the Tel Aviv Stock Exchange and gained
experience in the analysis of internal controls in accordance with
Sarbanes-Oxley.  Mr. Levy is a certified public accountant (Israel).  He
received his BA in Accounting and Business Management from the College of
Management, Tel-Aviv, Israel.

Shiri Livni, 32, who has been with the Company since November 2005, was
appointed Controller.  Between July 2003 and October 2005, Mrs. Livni served as
a senior accountant in the audit department of Ernst & Young Israel.  Between
January 2000 and May 2003, she served as a member of an audit team at KPMG
Israel.  Mrs. Livni is a certified public accountant (Israel).  She received
her BA in Accounting and Economy from Tel Aviv University, Tel Aviv, Israel.


Chen Shlein will leave his position as Finance Director with immediate effect. 
Gil Hochboim will serve as interim Finance Director until Yaron Levy joins the
Company in August 2007.


The contents of this announcement include the full disclosures required under
Schedule 2, Para (g) of the AIM Rules.


Enquiries:

Gold Frost Ltd                                        
                                                      
Zwi Williger, Chief Executive Officer +972 544 324924 
                                                    
                                                      
Blue Oar Securities Plc                               
                                                      
Rhod Cruwys / Jerry Keen              +44 207 448 4400
  

Notes to Editors:

Gold Frost is a designer, developer and distributor of branded kosher dairy
food products with 20 varieties of products currently on sale in Israel. The
Company possesses proven R&D capability for "koshering" chilled, frozen, diary
and other products, a number of which have a health advantage by virtue of
being low in fat and cholesterol.

 


END

Gold Frost (LSE:GLF)
Historical Stock Chart
From Apr 2024 to May 2024

Gold Frost (LSE:GLF)
Historical Stock Chart
From May 2023 to May 2024