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Technology Stocks : Comverse Technology -- Ignore unavailable to you. Want to Upgrade?

To: Beltropolis Boy who wrote (1182)	7/7/2000 9:03:11 PM
From: Mark Ambrose	Read Replies (1) \| Respond to of 1331

Comverse comprises 13 % of the number 1 (out of 692) Foreign mutual Fund, AMIDEX35. --------------------------------------------------------------------------------------------- BW2226 JUL 07,2000 8:52 PACIFIC 11:52 EASTERN ( BW)(NY-AMIDEX)(AMDEX) AMIDEX35 is No. 1 Foreign Fund; Mutual Fund of Israeli Stocks Tops Category Business Editors AMIDEX35 is No. 1 Foreign Fund; Mutual Fund of Israeli Stocks Tops Category NEW YORK, Jul 6, 2000 (BUSINESS WIRE) -- The AMIDEX35 Mutual Fund (Symbol: AMDEX)--the only US-based mutual fund investing exclusively in the publicly-traded stocks of Israeli companies--ranks number one in total return out of 692 foreign stock mutual funds for the period January 1 to June 30, 2000, according to Chicago-based Morningstar, the leading provider of mutual fund, stock, and investment information. AMIDEX35 posted a gain of 29.16% during the first half of this year. Its average annual return for the period ended June 30, 2000 is 78.38% (one year), and 78.92% since its inception June 8, 1999. Fund Manager Boaz Rahav credits the first place ranking to a winning investment formula. "The success of AMIDEX35 rests solidly on being in the right place, at the right time. Israel is one of the world's most robust economic environments today. The numbers speak for themselves." The AMIDEX35 Fund tracks the AMIDEX35 Index which represents a cross-section of the Israeli economy; from the banking and retail industries to communications and high-technology. Bloomberg, L.P. calculates and publishes the AMIDEX35 Index, which was introduced on January 1,1999. "Israeli companies continue to lead the way not only in high-tech innovation, but in performance," said Cliff Goldstein, President of AMIDEX Funds, Inc. "The AMIDEX35 Mutual Fund is proving to be the most comprehensive and, as we now see, effective way to participate in Israel's equity market." The AMIDEX35 Fund--featured recently on CBS Marketwatch, SmartMoney.com and CNBC-TV--includes Israeli companies traded either on Wall Street or in Tel Aviv. It comprises well-known high-technology companies such as Comverse Technology (NASDAQ: CMVT; 13% of the portfolio), Mercury Interactive (NASDAQ: MERQ 6% of the portfolio), Backweb Technologies (NASDAQ: BWEB; 1% of the Portfolio), AudioCodes (NASDAQ: AUDC; 2% of the portfolio), Gilat Satellite (NASDAQ: GILTF; 2% of the portfolio). AMIDEX35 also includes traditional blue chip Israeli stocks such as Bank Hapoalim (4% of the portfolio) and Bezeq (5% of the portfolio). For more information about the AMIDEX35 Mutual Fund, or for a free prospectus, visit www.amidex.com, or call 888-876-3566. The Fund is not diversified and is composed of only 35 companies. The Fund invests in foreign country securities, which may involve economic, political and currency risks. These factors may affect the value of your investment. Past performance does not guarantee future results. This is not an offering, which can be made only by prospectus. To obtain a copy of the prospectus, and for a complete discussion of risks, charges and expenses, write to the Fund's distributor, Declaration Distributors, Inc., 555 North Lane, Suite 6160, Conshohocken, PA 19428, or call 1-888-876-3566. Please read the prospectus carefully before sending your money. An investor's investment return and principal value will fluctuate, so that your shares when redeemed may be worth more or less than your initial investment. The Fund offers multiple classes of shares. Performance statistics pertain to the no-load class of shares. Performance, expenses and fees for other share classes will vary. The Fund charges a redemption fee for no-load shares redeemed within 1 year of purchase. Fund holdings are subject to change. CONTACT: Howard Joffe Best Evidence, Inc. (856) 795-9229 URL: businesswire.com Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page.