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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: fishweed who wrote (21370)	2/29/2000 1:05:00 PM
From: Rande Is	Read Replies (2) \| Respond to of 57584

Another overlooked wireless. . . [ARLCF]. . . Arel Communications and Software, Ltd., Yavne, Israel, and its Atlanta-based U.S. subsidiary, Arel Communications and Software, Inc., market the IDEAL family of interactive distance learning products including its new PC-based Spotlight application. The Company's ArelNet Ltd. subsidiary designs, develops, produces and markets value-added communication and IP telephony products for telephone carriers, Internet Service Providers (ISPs) and other network operators worldwide. ARLCF designs, develops, integrates and markets software for a family of products in Interactive Distance and Education Learning market, and a family of IP Telephony products, I-fax, I-Tone and ARCOM systems through its subsidiary ArelNet. For the nine months ended 9/30/99, sales rose 72% to 9.6 million. Net income totalled $1.3 million vs. a loss of $1.9 million. Results reflect the growth of the Company's IDL unit in North America market and increased gross margin. Soros Fund and Keppel Communications to Purchase $8.5 Million Arel Communications & Software Shares Through Private Placement YAVNE, Israel--(BUSINESS WIRE)--February 29, 2000--Arel Communications and Software Ltd. (NASDAQ: ARLCF - news), the world's leading provider of interactive distance learning (IDL) systems, announced today it has signed a letter of intent with Soros Fund Management L.L.C. and Keppel Communications Pte. Ltd. for a private placement of $8.5 million. Under the terms of the private placement, funds advised by Soros Fund Management will purchase 200,000 newly issued shares at an aggregate price of $3.4 million whilst Keppel will purchase 300,000 shares of newly issued common stock of Arel for an aggregate price of $5.1 million. This agreement is subject to the execution of a mutually acceptable definitive agreement. In January, funds advised by Soros initially acquired 396,000 shares of Arel common stock from several principal shareholders. For Keppel Communications this is its first direct investment in Arel, however Keppel Communications already holds a 14 percent equity stake in Arel's 56 percent-owned subsidiary, ArelNet Limited. About Keppel Communications Pte. Ltd. Keppel Communications Pte. Ltd., headquartered in Singapore, is the wholly owned telecom subsidiary of Keppel Telecommunications & Transportation Ltd (Keppel T&T) which is listed on the Singapore Exchange. Keppel T&T, an Internet-wireless telecom company, has established a strong track record in systems integration of wireless, cellular and computer-telephony products. Sister company, Radiance Communications, a joint venture with Singapore-based SingTel, specializes in business communication equipment distribution and integration. Affinity Communications, Keppel T&T's multimedia integration arm provides web servicing, conferencing and call center solutions. Keppel T&T is a consortium partner in Singapore's second cellular service operator, MobileOne (M1) and one of the world's fastest growing cellular operator. Recently, Keppel T&T's subsidiary, DataOne (Asia) Pte Ltd was launched as a business Internet Service Provider in Singapore to provide corporate enterprises with value-added Internet services. Market cap = 157 mil Price to Earnings Ratio = 93 on .21 per share Price to Sales Ratio = 10.88 on 14 mil sales Float 5.8 mil on 7.87 mil outstanding. ROE = 15.53% ROA = 8.48% 3 month daily average volume = 166k 10 day avg vol = 211k Rande Is