GlucoTrack® Maker Names Two New Board Members

ASHDOD, Israel, Nov. 11, 2016

Mr. Darivoff currently serves as Chairman of the Board of DFG Investment Advisers, a credit asset manager with approximately $2.6 billion AUM, and Chairman of the Board of DFG's parent company, Vibrant Capital Partners, LLC. Prior to joining DFG, Mr. Darivoff spent nearly 27 years at Goldman Sachs, where he most recently served as a member of the firm's Structured Finance Capital Committee and Director of the Goldman Sachs Office of Alumni Relations. He initially joined Goldman in 1985 as an associate, was named managing director in 1996, and general partner in 1998. He served as head of Capital Markets, co-head of the Corporate Bond Department, and chairman of Credit Capital Markets. Mr. Darivoff retired from Goldman Sachs in 2013. Mr. Darivoff graduated from The Wharton School at the University of Pennsylvania with a B.S. in Economics and MBA. He is also a Chartered Financial Analyst.

Mr. Darivoff previously served as an Integrity director from 2006 to 2009, while the Company was a privately held corporation and subsequently resigned from the Board as the Company transitioned into a publicly reporting company, as he was then holding a senior role at Goldman Sachs.  Mr. Darivoff is an investor and has been a significant shareholder of Integrity Applications for over a decade. Through his investment vehicle, Vayikra Capital LLC, he is currently the second largest shareholder.  

"Integrity has made significant advancements in the development of the GlucoTrack DF-F," said Mr. Darivoff. "I am pleased to rejoin Integrity's Board at this exciting time, as the Company begins the commercialization phase, and to assist management in executing its strategic plan."

Mr. Schwartz is an attorney and currently maintains a private law practice. He began his career with the East New York Savings Bank (ENYSB) where he held several administrative and management positions, including a position overseeing a life insurance subsidiary. Revan held the position of General Counsel for AAA Computer, Hafco International Trading Corporation, Bermil Industries, Viking Credit Corp and The Pride Group. Most recently Revan was Executive Vice President and General Counsel for Andrew Garrett, Inc., a boutique securities and investment banking firm that has served as Integrity Applications' Investment Bank since 2009. While with Andrew Garrett, Revan possessed NASD/FINRA Series 4, 7, 24, 27, 53 and 55 licenses.

Mr. Schwartz attended the New York Institute of Technology where he attained his Bachelor of Science Degree, Majoring in Accounting with a Minor in Economics, Summa Cum Laude. Mr. Schwartz also attended St. John's University, School of Law, where he attained his Juris Doctor Degree, Cum Laude. He is currently a member of the New York and Florida Bars.

"It is a pleasure to join Integrity's Board and I look forward to working with the other directors and the management team as the Company commences its commercialization of the GlucoTrack in global markets," said Mr. Schwartz.