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Strategies & Market Trends : Strictly Buy and Sell Set Ups -- Ignore unavailable to you. Want to Upgrade?

To: chowder who wrote (5029)	8/4/2005 2:55:29 PM
From: Libbyt	Respond to of 13449

Magal Reports a US$ 4.2 Million Order for Israeli Seam Line Project Thursday August 4, 1:38 am ET YAHUD, Israel, August 4 /PRNewswire-FirstCall/ -- Magal Security Systems, Ltd. (NASDAQ: MAGS, TASE: MAGS) today announced that it has been chosen by the Israeli Ministry of Defense (MOD) as the successful bidder in the installation of a perimeter intrusion detection systems along a further 40 kilometers of the seam line in Israel. The total amount of the order is about US$4.2 million. The majority of the order is expected to be installed before the end of 2005. This order is a follow on order in addition to the previous US$6.1 million framework agreement the Company announced in March of this year for installation of its systems along the seam line. The order also included an option, which will automatically enable the Israeli Ministry of Defence to increase the order by a further US$5 million. Management believes that assuming there are no unusual events, the MOD will exercise this option and increase the order before the end of the year. Mr. Jacob Even-Ezra, Chairman of Magal and CEO, said: "We are pleased to have been chosen once again by the Israeli MOD to continue the installation of our systems along the seam line. Mr. Mashiah Netzah, head of the seam line administration, was quoted in an article published in the Ha'aretz newspaper in early July 2005 that to date, 213 kilometers of the barrier have been built in the north part of the seam line and out of the remaining 450 kilometers, 190 kilometers are currently under construction in the southern part of the seam line. Another 80 kilometers of the central portion of the fence will be finished between December 2005 and March 2006." About Magal Security Systems, Ltd.: Magal Security Systems Ltd. (Magal) is engaged in the development, manufacturing and marketing of computerized security systems, which automatically detect, locate and identify the nature of unauthorized intrusions. Magal also supplies Video Monitoring Services through Smart Interactive Systems, Inc., a subsidiary established in the U.S. in June 2001. The Company's products are currently used in more than 70 countries worldwide to protect national borders, airports, correctional facilities, nuclear power stations and other sensitive facilities from terrorism, theft and other threats. Israeli-based Magal has subsidiaries in the U.S., Canada, the U.K., Germany, Mexico, Romania and an office in China. Magal trades in the U.S. on the NASDAQ National Market since 1993 and in Israel on the Tel-Aviv Stock Exchange (TASE) since July 2001, under the symbol MAGS. This press release contains forward-looking statements, which are subject to risks and uncertainties. Such statements are based on assumptions and expectations which may not be realized and are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual results, financial and otherwise, may differ from the results discussed in the forward-looking statements. A number of these risks and other factors that might cause differences, some of which could be material, along with additional discussion of forward-looking statements, are set forth in the Company's Annual Report on Form 20-F filed with the Securities and Exchange Commission. Contacts: Magal Security Systems, Ltd Roi Levy, Controller Tel: +972-3-5391444 Fax: +972-3-5366245 E-mail: magalssl@trendline.co.il Gelbart Kahana Investor Relations Ehud Helft, Investor Relations Tel: +1-866-704-6710 Tel (Intl): +972-3-6074717 E-mail: Ehud@gk-biz.com, Kenny@gk-biz.com ************ Thanks for posting the Netflix upgrade. This is a news release from one of the other stocks I mentioned. This is another stock, of "who knows where it should trade, or where it should be valued"? I first started following MAGS after September 11th when so many people became interested in the security related stocks. Invision was another stock I followed, which was later bought out by G.E.