I am delighted to take this opportunity to elaborate on my decision to join the board of this Company and the measures we are taking in order to rebuild confidence, and to increase shareholder value which to me is the main goal of a publicly traded company.

I have to admit that at the time I was approached by some of Leadcom's shareholders, I knew very little of the Company. Since that time, I conducted numerous discussions with management, board members and shareholders, all leading me to the conclusion that Leadcom indeed is a great company, presenting all the potential for a turn around and to even supersede previous achievements.

It is no secret that the Company is in a difficult phase. I have full confidence in management in revealing and repairing any deficiencies, landing the Company back on the track of success. This process has already begun in the first quarter of 2008. I do not claim that we have overcome all issues already: there is still much to be done, all of which requires the full commitment of our employees.

I want to assure you that the board of the directors and management will do their utmost in order to achieve this commitment, resolve all issues and restore shareholders confidence, and thereafter increase value of the Company.

Finally, I would like to thank Stewart for his time, dedication and professionalism which added much value to Leadcom throughout the time of his tenure, as a director and as chairman.

Isaac Angel

Chairman

June 2008