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ECtel's President and CEO, Eitan Naor, to Step Down

ECtel has announced that Eitan Naor will step down as President and CEO of the company at the end of June 2007. Commenting on the announcement, Yair Cohen, chairman of the board said: "Eitan Naor has expressed his desire after 3 years of excellent service to ECtel to step down as President and CEO. On behalf of the board of directors and personally on my behalf I want to thank Eitan Naor for his excellent performance at ECtel. Eitan led the company through a dramatic change and under his leadership the company achieved a remarkable turn around and growth. The company focused on the right product lines and customers and emerged as one of the growing leaders of the IRM market with a clear growth strategy going forward. The board of directors, the company's shareholders and its employees are all grateful for his immense contribution. Eitan is an exemplary leader with a strategic vision and incredible passion and devotion."

Commenting on the announcement, Eitan Naor said "After 3 years with the company, I felt that I needed a change and asked the board to step down and pursue new opportunities. I will be leaving behind me a company I am very proud of. ECtel has emerged from a few very challenging years as a growing company with a clear leadership position and excellent prospects. I am very confident about ECtel's ability to maintain its leadership position in the IRM market and accomplish its goals. I would like to thank the shareholders and the board of directors for their support over the years and above all I would like to thank the ECtel team whose devotion, excellence and dedication have made it all possible."



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