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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 August 1999
PARADIGM GEOPHYSICAL LTD.
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(Translation of Registrant's Name into English)
Shenkar Street 9, Gav Yam Center No.3, P.O.B. 2061 Herzlia B, Israel 46120
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(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
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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
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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 August 1999 and
incorporated by reference herein is the Registrant's news release dated August
2, 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/ Brian Berman
Brian Berman
Chief Financial Officer
Dated: August 4, 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]
PARADIGM GEOPHYSICAL BOARD ELECTS ELDAD WEISS CHAIRMAN
Herzlia, Israel, August 2, 1999: The Board of Directors of Paradigm
Geophysical Ltd. (NASDAQ: PGEO) today announced the election of Eldad Weiss
as its new Chairman of the Board. He succeeds Jacob Dunietz, who chose to
step down after serving as Chairman since 1993. Mr. Dunietz will continue to
serve as a Board member. Mr. Weiss will continue to serve as Chief Executive
Officer, a position he has held since 1993.
Mr. Weiss commented, "The confidence that the Board has expressed in our
management team and its strategic direction is quite gratifying. We will
continue to work hard to merit the trust of our customers, shareholders, and
employees, while expanding our infrastructure to position Paradigm as a complete
solutions provider."
"Paradigm Geophysical[R]" is the registered trademark of Paradigm Geophysical
Ltd.
Recent press announcements are available on Paradigm's web site:
www.paradigmgeo.com.
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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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