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Magal Security Systems Ltd. Appoints Zev Morgenstern as its New Chief Financial Officer

April 16, 2009

YAHUD, Israel, April 16 /PRNewswire-FirstCall/ — Magal Security Systems
Ltd. [NASDAQ: MAGS; TASE: MAGS] announced today the appointment of Mr. Zev
Morgenstern
as its new Chief Financial Officer. As of today Mr. Morgenstern
will replace Ms. Lian Goldstein, who has advised the Company of her
resignation for personal reasons.

Mr. Morgenstern has over 20 years of experience in financial management.
Prior to his appointment at Magal, Mr. Morgenstern served for 11 years as
Chief Financial Officer of Advanced Vision Technology Ltd., a public company
traded on the Frankfurt Stock Exchange, a world’s leading supplier of
automatic optical inspection and quality assurance systems for the printing
industry. He previously served as Finance Manager of Precise Software
Solutions, a company listed on the NASDAQ stock exchange, headquartered in
Boston, MA. Mr. Morgenstern is a CPA and has also served as a senior auditor
at KPMG.

Yoav Stern, acting President and CEO, stated, “We wish Lian well, and
understand and support her decision. We look forward to Mr. Morgenstern’s
contribution in realizing Magal’s growth potential and we are confident that
given his broad experience and impressive track record, he will play an
integral role in our management team.”

About Magal Security Systems Ltd.:

Magal S3i is a leading international solutions provider of Safety,
Security, Site Management and Intelligence gathering and compilation. Based
on 35 years of experience and interaction with customers, the company has
developed a unique set of solutions and products, optimized for perimeter,
outdoor and general security applications. Magal S3i’s turnkey solutions are
typically integrated and managed by sophisticated modular command and control
software, supported by expert systems for real-time decision support. The
company’s portfolio of Critical Infrastructure Protection (CIP) and site
protection technologies includes a variety of smart barriers and fences,
fence mounted detectors, virtual gates, buried and concealed detection
systems and a sophisticated protection package for sub-surface intrusion. A
world innovator in the development of CCTV, IVA and motion detection
technology for outdoor operation, Magal S3i has successfully installed
customized solutions and products in more than 75 countries worldwide.

This press release contains forward-looking statements, which are subject
to risks and uncertainties. Such statements are based on assumptions and
expectations which may not be realized and are inherently subject to risks
and uncertainties, many of which cannot be predicted with accuracy and some
of which might not even be anticipated. Future events and actual results,
financial and otherwise, may differ from the results discussed in the
forward-looking statements. A number of these risks and other factors that
might cause differences, some of which could be material, along with
additional discussion of forward-looking statements, are set forth in the
Company’s Annual Report on Form 20-F filed with the Securities and Exchange
Commission.

    Contacts:

    Magal Security Systems Ltd
    Yoav Stern
    Assistant: Ms. Elisheva Almog
    E-mail: elisheva@magal-ssl.com
    Tel: +972-3-539-1421
    Cell: +972(54)9255877

    GK Investor Relations
    Ehud Helft/Kenny Green
    E-mail: info@gkir.com
    Tel: (US) +1-646-201-9246
    Int'l dial: +972-3-607-4717

SOURCE Magal Security Systems Ltd


Source: newswire



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