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FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934
For the Month of September 1999
PARADIGM GEOPHYSICAL LTD.
(Translation of Registrant's Name into English)
Shenkar Street 9, Gav Yam Center No.3, P.O.B. 2061 Herzlia B, Israel 46120
(Address of Principal Executive Offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.
Form 20-F X Form 40-F
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes No X
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82-
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Attached to the Registrant's Form 6-K for the month of September 1999
and incorporated by reference herein is the Registrant's news release dated
September 9, 1999.
.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
PARADIGM GEOPHYSICAL LTD.
(Registrant)
By: /s/ Jonathan Keller
------------------------
Jonathan Keller
Company Secretary
Dated: September 13, 1999
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[PARADIGM GEOPHYSICAL LOGO]
FOR IMMEDIATE RELEASE
CONTACTS:
Brian W. Berman, CFO Steven Curtis
Paradigm Geophysical Ltd. Ruder Finn, Inc.
Phone: +972-9-970-9339 Phone: +1-212-593-6319
Fax: +972-9-970-9319 Fax: +1-212-715-1660
Email: [email protected] Email: [email protected]
DR. MORDECHAI ABIR ELECTED TO PARADIGM GEOPHYSICAL BOARD
HERZLIA, ISRAEL, September 9, 1999 - Paradigm Geophysical Ltd. (NASDAQ:PGEO)
announced that Dr. Mordechai Abir was elected to serve on the Board of Directors
at its recent Annual General Meeting. Dr. Abir is Senior Strategist in the field
of energy and international relations at Schroders & Co., an investment bank,
and is a world-renowned expert on the oil economy and oil politics.
"Dr. Abir's extensive expertise in both international affairs and the oil
industry will be a strong asset to Paradigm, and we are pleased he has accepted
the Board's invitation to serve," said Eldad Weiss, Paradigm's Chairman and
Chief Executive Officer. "We expect him to play a prominent role as we implement
our geographical expansion strategy to deal with the global nature of the
industry," he added.
Dr. Abir, 69, was Professor of Middle Eastern and African Studies at the Hebrew
University in Jerusalem and has been a Professor Emeritus since 1995. He has
been a Guest Lecturer and Scholar at the NATO Defense College in Rome, The
Brookings Institution in Washington, D.C. and the School for Advanced
International Studies (SAIS) at Johns Hopkins University in Washington, D.C. He
has also been a Lecturer and Consultant on governmental and non-governmental
organizations (U.S., U.K., Europe, Israel) concerning International and Middle
Eastern Affairs, the oil economy and oil politics. He joined Schroders & Co. in
1979 as a consultant, and has served as its Senior Strategist since 1995.
A native of Israel, Dr. Abir holds a Ph.D. in Middle Eastern Studies and
Political Science from London University. He earned Bachelor of Arts and Masters
of Arts degrees in Middle Eastern Studies and International Relations from The
Hebrew University in Jerusalem.
Paradigm Geophysical Ltd. provides geoscience software and service solutions to
the oil and gas industry. The Company has sales, customer support and service
offices in Houston, London, Aberdeen, Moscow, Caracas, Buenos Aires, Sao Paulo,
Perth, Brisbane, Beijing, Jakarta and Singapore.
-More-
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"Paradigm Geophysical[R]" is the registered trademark of Paradigm Geophysical
Ltd.
Recent press announcements are available on Paradigm's web site:
www.paradigmgeo.com.
Safe Harbor statement: This news release may contain certain forward-looking
statements relating to the future performance of Paradigm Geophysical Ltd. Such
statements are subject to certain factors which may cause Paradigm's plans to
differ or results to vary from those expected including the risks associated
with the impact of competitive products and pricing, increased investment to
support product introductions, market acceptance of products, product
transitions by the Company and its competitors, currency fluctuations, changes
in product sales mix, and a variety of risks described in the Company's filings
with the U.S. Securities and Exchange Commission. Paradigm undertakes no
obligation to publicize or release results of any of these forward-looking
statements, which may be made to reflect events or circumstances after the date
hereof or to reflect the occurrence of unexpected results.
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