Sirit Adds to Board Depth with Two New Appointments

Sept. 29, 2005
RFID company adds Descartes Systems Group CEO and Pladyium Corporation CEO to board

TORONTO -- Sirit Inc., a leading provider of radio frequency identification (RFID) technology, announced today the appointment of two new members to its Board of Directors. The new appointees, Mr. Art Mesher and Mr. Cal S. Haverstock were approved at the Board's regular meeting in Toronto yesterday.

"With the goal of continuing to broaden the depth of our Board, I am pleased with the addition of such seasoned professionals as Art and Cal," said David Andrews, Chairman of the Board, Sirit Inc. "Art brings a deep understanding of the supply chain and logistics marketplace which will lend itself well to our targeted efforts within these markets. Likewise, Cal's previous roles in executive management as well as a Board member with several large multi-national companies will bring an international perspective and serve to strengthen the team we have in place today."

"I am delighted to welcome both Cal and Art to our Board. Sirit seeks to attract board members who bring a diverse set of skills and valuable experience in the continuing development of the Company," commented Norbert Dawalibi, President and Chief Executive Officer, Sirit Inc. "It is this opportunity to leverage the unique expertise and perspective of our Board which will enable us to effectively execute on our strategy and to position Sirit as a global leader of enabling-RFID solutions."

Art Mesher is Chief Executive Officer of Descartes Systems Group Inc., a leading provider of on-demand technology and services where he oversees the Company's strategic operations with direct responsibility for the executive management team. In 1998, Mesher joined Descartes where he led the creation of the first on-demand logistics network that provides application and communication capabilities. Before joining Descartes, Art launched Integrated Logistics Strategies Services for the Gartner Group, building the practice into a leading advisor to major global corporations. Prior to Gartner, Art was President of Advanced Logistics Research, where he helped numerous multinational companies develop and deploy emerging technology-based supply chain strategies.

Cal Haverstock is President and CEO and a member of the Board of Directors of Playdium Corporation, where he has spearheaded the restructuring and refinancing of the company. In addition, Haverstock is President and Chairman of Haverstock Associates, a consulting firm focused on strategic corporate optimization. From 1993 to 1996, Mr. Haverstock was President & CEO of Star Data Systems, a provider of real-time information systems to the financial services industry. Between 1989 and 1993, he held various executive positions at Bull HN Information Systems.