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Strategies & Market Trends : Ampal-American Israel Corporation (NASD: AMPL, NASD:AMPLP) -- Ignore unavailable to you. Want to Upgrade?

To: Retta who wrote (49)	3/24/2000 3:02:00 PM
From: caly	Read Replies (1) \| Respond to of 77

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. -------------------------------------------------------------------------------- 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