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TMCNet:  INFORMATION SYSTEMS ASSOCIATES, INC. FILES (8-K) Disclosing Change in Directors or Principal Officers

[April 02, 2014]

INFORMATION SYSTEMS ASSOCIATES, INC. FILES (8-K) Disclosing Change in Directors or Principal Officers

(Edgar Glimpses Via Acquire Media NewsEdge) Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On March 26, 2014, Information System Associates, Inc. (the "Company") elected Mr. Hagai Lerer to the Company's Board of Directors with the effective date of April 1, 2014.

As compensation for his services as a director, Mr. Lerer received 150,000 options of the Company stock at $0.012 vesting on January 1, 2015.

Currently, Mr. Lerer serves as Chief Operating Officer of Ayco Farms, Inc. where his responsibilities include operational and strategic oversight for corporate operations including IT, as well as managing budgeting and planning. Since 1998, Mr. Lerer has been directly involved in a number of IT related positions including Network Administrator, IT Manager and Building Automation Engineer.



Mr. Lerer has a degree in Computer Science and will also serve as a technical advisor to the company's CEO.

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