Nexus is signing a deal to sell 8 million USD worth of alarm systems
(Yehuda Sharoni – Ma'ariv reporter).
The Nexus communication company has agreed in principal on a deal to sell wireless alarm systems
for homes, in the amount of 8 million USD.this information was obtained by Ma'ariv.
The deal is supposed to be concluded this week, and after negotiations which went on for several
months.
The systems which connect to homes have been working, until today, in a conventional manner, (PC
line). According to estimates, details about the deal have leaked and brought an awakening in the
company's stocks, while increasing in the turns of capital.
Nexus is about to sign contracts in other fields, in Holland and in the far east. Nexus is controlled by a
group of shareholders, headed by B.V.R Technologies.
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About two weeks ago I spoke with the C.E.O of BVRTF, who justified the investment in Nexus, with
the strong belief that business transactions expected to be made soon, will justify the investments.
She must have had some kind of knowledge of the impending agreements to be signed.
Concerning R.T.SET: The company took part in the Israeli elections, as a secondary contractor of the
popular Channel 2. Presumably the revenue from the election campaign will have a positive impact
on the results of the current quarter.
NetGame is "brushing up" in preparation of the forthcoming stock issue. As you know, the earnings in
the Q1 - 1999 was like earnings of all 1998.
If the current growth rate will continues in the 2nd quarter, the value of Netgame in the forthcoming
issue will stand at 175 million USD.
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