Well this is pretty funny. That release I posted yesterday said that AIS owned 407,000 shares of BRZE. (http://www.siliconinvestor.com/readmsg.aspx?msgid=13268891)
This release says 815,000. What the heck????
Friday March 24, 9:33 am Eastern Time
Company Press Release
Ampal's Investee Completes IPO
NEW YORK--(BUSINESS WIRE)--March 23, 2000--Ampal-American Israel Corporation (AMEX:AIS - news) announced today that its investee, BreezeCOM Ltd., completed an initial public offering of 5 million shares on the NASDAQ and raised $100 million (at $20 per share). Ampal holds approximately 815,000 shares of BreezeCOM which were acquired for $1.1 million.
BreezeCOM is an Israeli company which is a leading developer and manufacturer of wireless access products used worldwide by service providers and private enterprises. Incorporating internally developed core technologies optimized for high-speed data, most products use spread spectrum radio transmission, digital signal processing and wireless packet switching technology. BreezeCOM has three product lines: BreezeACCESS for service providers in licensed and unlicensed frequency bands, BreezeNET for wireless campus networks in unlicensed bands and BreezeLINK for point-to-point T1/E1 connectivity.
Ampal and its subsidiaries primarily acquire interests in businesses located in the State of Israel or that are Israel-related. Ampal's primary investment focus is the growing high-technology and communications sector. Ampal has diversified interests in the following sectors: high-technology and communications, real estate, capital markets, leisure-time, energy distribution, and industry.
Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements involving risks and uncertainties that could cause actual results to differ materially from those in such forward- looking statements. Further information regarding risks and uncertainties are detailed from time to time in the Company's filings with the Securities and Exchange Commission.
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Contact:
Ampal-American Israel Corporation
Company Contact:
Eli S. Goldberg
Vice President-Legal and Secretary
(212) 782-2100
or
Morgen-Walke Associates
Investor Contacts:
Donna Stein/Jill Meleski
(212) 850-5600
or
Morgen-Walke Associates
Press Contact:
Gregory Tiberend
(212) 850-5600 |
