RETALIX LTD
			Symbol			RTLX

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The Alpha Group and FIMI Recommend Joshua Sheffer as New Retalix CEO

2009-11-05 00:00 ET - News Release

RA'ANANA, Israel, Nov. 5, 2009 (GLOBE NEWSWIRE) -- Retalix(R) Ltd. (Nasdaq:RTLX) announced today that it has been notified that the Alpha investor group, which is expected to consummate a private placement in Retalix later this month, and the FIMI Opportunity Fund, which is currently Retalix's largest shareholder, recommend the appointment of Mr. Joshua Sheffer as the new chief executive officer of Retalix.

The appointment of Mr. Sheffer is subject to approval of Retalix's board of directors, which is expected to take up this matter by the end of November. If approved, to ensure a smooth transition of leadership, Mr. Sheffer will assume office on January 1, 2010, immediately following the previously announced retirement of Retalix founder and CEO Barry Shaked.

Mr. Sheffer has 25 years of broad experience and a proven track record in software development and IT services. He is currently the President of the Emerging Markets Division and member of the executive management of Amdocs Limited, a NYSE-listed company with approximately $3 billion of annual revenues. Mr. Sheffer has extensive experience in laying down strategy and managing sales and the delivery of complex, mission critical software projects to some of the world's most demanding customers. He also brings a wealth of global experience and business best practices, having worked in Europe, USA and the Emerging Markets.

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