ASOCS Closes $8 Million in a Second Round Funding Led by FGF

Mr. Takashi Hondo to Join ASOCS' Board of Directors
Rosh Ha'ayin, Israel, September 3, 2008: ASOCS, the developer of the world's 1st wireless MultiComms processor for handheld devices, today announced it has secured $8 million. The round was led by FinTech GIMV Fund (FGF) and included existing investors: Vertex Venture Capital and Harel Hertz Investment House. Mr. Takashi Hondo, a managing partner with FinTech Global Capital (FGC) responsible for semiconductors and information technology, will represent FGF as member of ASOCS' board of directors.