NEW YORK, Oct. 22, 2018 /PRNewswire/ — Algomizer, a publicly traded company on the Tel Aviv Stock Exchange (TASE: ALMO), which specializes in software solutions leveraging artificial intelligence and sophisticated algorithms, announced today that its CEO, Noam Band, has informed the Company of his intention to purchase shares of the Company from the public. This will be done through a plan to purchase shares in blind trust in accordance with the existing provisions regarding the purchase of shares by an officer. Expressing great confidence in the Company, Band stated that the purchase will be made using a significant portion of his net monthly salary.

Under the existing rules, the acquisition will commence three months after publication of the Company’s periodic financial reports.

Certain matters discussed in this news release are forward-looking statements that involve a number of risks and uncertainties including, but not limited to, risks in product development plans and schedules, rapid technological change, changes and delays in product approval and introduction, customer acceptance of new products, the impact of competitive products and pricing, market acceptance, the lengthy sales cycle, proprietary rights of the Company and its competitors, risk of operations in Israel, government regulations, dependence on third parties to manufacture products, general economic conditions and other risk factors detailed in the Company’s filings with the United States Securities and Exchange Commission

Contact information:
contact@algomizer.com
+1-888-508-6010 
http://www.algomizer.com

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SOURCE Algomizer