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

To: caly who wrote (58)	4/28/2000 1:09:00 PM
From: caly	Read Replies (1) \| Respond to of 77

Moving to NASD on May 1... Friday April 28, 11:20 am Eastern Time Company Press Release Ampal-American Israel Corporation to Trade On the Nasdaq Stock Market NEW YORK--(BUSINESS WIRE)--April 28, 2000--Ampal-American Israel Corporation (AMEX:AIS - news) announced today that it is switching the listing of its Class A Stock from the American Stock Exchange to the Nasdaq Stock Market©. Effective Monday, May 1, 2000, the Company's Class A Stock will trade under the symbol AMPL. Ampal's management believes that Nasdaq's multiple market maker structure will provide Ampal with enhanced visibility and liquidity. The Nasdaq Stock Market lists nearly 5,000 companies, trades more shares per day, and has a higher dollar volume of trades than any other U.S. market. Nasdaq is a subsidiary of the National Association of Securities Dealers, Inc. (NASD), the largest securities-industry, self- regulatory organization in the United States. For more information about Nasdaq, visit the Nasdaq Web site at www.nasdaq.com or the Nasdaq Newsroom(SM) at www.nasdaqnews.com. Ampal and its subsidiaries primarily acquire interests in businesses located in the State of Israel or that are Israel- related. An important objective of Ampal is to make investments in companies which take advantage of the growth in Israel's high- technology sector. Ampal and its subsidiaries have 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 Eli S. Goldberg, Vice President-Legal and Secretary 212/782-2100 Investor Contacts: Morgen-Walke Associates Cheryl Schneider, 212/850-5600 Press Contact: Morgen-Walke Associates Gregory Tiberend, 212/850-5600