SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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F O R M 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of August 2005
RADVISION LTD.
(Name of Registrant)
24 Raoul Wallenberg Street, Tel Aviv 69719, Israel
(Address of Principal Executive Office)
Indicate by check mark whether the registrant files or will
file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [X] Form 40-F [ ]
Indicate by check mark if the registrant is submitting the
Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ]
Indicate by check mark if the registrant is submitting the
Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ]
Indicate by check mark whether by furnishing the information
contained in this Form, the registrant 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]
If "Yes" is marked, indicate below the file number assigned to
the registrant in connection with Rule 12g3-2(b): 82- _________
RADVision Ltd.
6-K Items
1. Press Release re RADVISION Comments on Press Coverage of Business Dispute
dated August 23, 2005.
ITEM 1
Press Release Source: RADVISION Ltd.
RADVISION Comments on Press Coverage of Business Dispute
Monday August 22, 5:07 pm ET
FAIR LAWN, N.J.--(BUSINESS WIRE)--Aug. 22, 2005--RADVISION (Nasdaq: RVSN - News)
said today that it takes strong exception to today's article in the Washington
Post relating to the company's previous relationship with Control Tech.
Gadi Tamari, Chief Executive Officer of RADVISION, stated, "The article contains
various false and misleading statements by a former reseller in China that are
the result of a commercial dispute and are contradicted by the actual facts. The
baseless allegations as published in the article do a great disservice to our
company, its employees, investors and business partners."
RADVISION emphasized that its sales practices with respect to Control Tech were
appropriate and that its accounting practices are in full compliance with U.S.
GAAP. RADVISION is considering legal action to prevent further false and
misleading information from being disseminated by Control Tech.
RADVISION noted that its sales to Control Tech were made only on the basis of
orders placed by Control Tech, which was legally bound to pay RADVISION for each
item purchased, with no right of return. Control Tech did not report to
RADVISION on the amount of inventory it was holding nor did RADVISION have any
insight into this information. RADVISION duly terminated its exclusive
distributor relationship with Control Tech due to continued breaches of the
agreement including failure to meet minimum sales targets, violation of the
non-competition clause and material customer complaints. These actions were
taken after consultation with Control Tech and after providing them with
reasonable opportunities to rectify such breaches (which is duly documented).
Following termination of the exclusive relationship, Control Tech was allowed to
continue to act as a reseller for RADVISION in China.
RADVISION further stated that its representatives have met numerous times with
Control Tech in an attempt to resolve all open matters. RADVISION firmly
believes that any commercial dispute between the parties (including its many
claims against Control Tech) should not be carried out through the media but
through good faith negotiations.
The Company also noted that it is currently conducting its sales in China
through a multi-tier distribution network and expects to be successful with this
new channel approach.
About RADVISION
RADVISION Ltd. (Nasdaq: RVSN - News) is the industry's leading provider of high
quality, scalable and easy-to-use products and technologies for
videoconferencing, video telephony, and the development of converged voice,
video and data over IP and 3G networks. For more information, please visit our
website at www.radvision.com
This press release contains forward-looking statements that are subject to risks
and uncertainties. Factors that could cause actual results to differ materially
from these forward-looking statements include, but are not limited to, general
business conditions in the industry, changes in demand for products, the timing
and amount or cancellation of orders and other risks detailed from time to time
in RADVISION's filings with the Securities Exchange Commission, including
RADVISION's Form 20-F Annual Report. These documents contain and identify other
important factors that could cause actual results to differ materially from
those contained in our projections or forward-looking statements. Stockholders
and other readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date on which they are
made. We undertake no obligation to update publicly or revise any
forward-looking statement.
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Contact:
Corporate:
RADVISION
Tsipi Kagan, 201-689-6340
cfo@radvision.com
or
Arnold Taragin, 201-689-6345
arnie@radvision.com
or
Investor Relations:
Comm-Partners LLC
June Filingeri, 203-972-0186
junefil@optonline.net
SIGNATURES
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.
RADVISION LTD.
(Registrant)
By /s/Arnold Taragin
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Arnold Taragin
Corporate Vice President and General Counsel
Date: August 23, 2005