Joseph Seroussi, formerly President of the Magic Money Stored Value Division and CTO of Globetel Communications Corporation, possesses more than 25 years of experience in the management and structuring of processing and telecommunications operations and businesses. Mr. Seroussi was the CEO of Suprem Telecom Solutions, a joint venture with Group Ingedigit, a leading provider of financial and telecommunications products and services in Venezuela. Mr. Seroussi was the founder and CEO of Corporacion Transdata, a carrier, licensed to provide private data circuits in Venezuela. Mr. Seroussi worked for 15 years for Tadiran Limited, of Israel in R&D, Management and Business Development of Computing and Communications Systems.

Mr.Seroussi holds a BS degree in Electrical Engineering and an MS degree in Business Management from the Technion Polytechnic Institute of Israel. He is a retired officer of the Israel Defense Force.