Aurum, Inc. announced that it has entered into a binding term sheet to acquire Israeli company Humavox Ltd. Under the term sheet deal with Humavox shareholders, Aurum will acquire 100% of the shares of Humavox and 100% of the warrants and options to acquire shares of Humavox in exchange for the issue of shares of common stock of Aurum representing, 50% of the shares of common stock of Aurum post issue on a fully-diluted basis, including the investment of an amount of $16 million in Humavox. As part of closing, the board of directors of Aurum will be restructured, and Omri Lachman, the CEO of Humavox, will be appointed as Aurum's CEO.