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Technology Stocks : Elbit Vision Systems EVSNF -- Ignore unavailable to you. Want to Upgrade?

To: whenitgoesup who wrote (86)	1/12/2006 1:59:08 AM
From: midastouch017	Respond to of 93

I have not talked to management, however i have had a few email exchanges with Yaky Yanay, CFO. Here is one of them, To: Yaky Yanay Subject: Investor queries Dear Mr Yanay, Re :Article, New vision at EVS 15.9.2005 \| 15:17 Shirley Yom Tov Elbit Vision Systems (Nasdaq:EVSNF.OB) had been on the verge of anorexia Now business is picking up, promises company chief financial officer Yaky Yanay yesterday. For the year 2005 EVS predicts $20 million revenues, double its sales in 2004, "and we don't mean to stop there," Yanay vowed. Growth might be slower than in 2005, he admits, but the company is looking at ways to sustain it. Meanwhile, EVS has high hopes of its latest investor: Mivtach Shamir Holdings (TASE: MISH ) is buying almost a third of its shares for $6.6 million. "Mivtach's investment is not only financial," Yanay says: what EVS needs is a strong hand to propel it to the next stage, of being a bigger company. Mivtach could be such a hand, with involvement in the management, he suggests. My questions are as following, 1/Has Shamir completed his buying transaction in EVS? 2/If not, is there an update ? As much as i am aware the purchase should have been completed by end of November 2005 after Due Dilligence completion. Thanks in advance, .......................................................... EVS promt reply, in 59 minutes time flat, Subject: RE: Investor queries Date: Wed, 14 Dec 2005 12:04:00 +0200 From: "Yaky Yanay" <yaky@evs.co.il> Dear Mr. Calmy, I would like to suggest that you will follow-up our PRs in the next couple of weeks; I believe that it will brighten the situation. For your convenience in tracking news, I will add your name to the distribution mail list. Regards, Yaky Yanay CFO ............................................................. Since then, there have been 2 PRs. I suggest you forward your queries to him in order to, a/Check him out personally b/Receive first hand info GLTY, Dubi

To: whenitgoesup who wrote (86)	2/24/2006 3:41:28 PM
From: midastouch017	Respond to of 93

< the lender believes in them > With good reason. Dubi

To: whenitgoesup who wrote (86)	2/28/2006 4:05:09 AM
From: midastouch017	Respond to of 93

Elbit Vision posts first annual profit since 1997 The company ended 2005 with profit of $600,000. Gitit Pinkas 27 Feb 06 20:07 Elbit Vision Systems Ltd (OTCCBB:EVSNF) has reversed its fortunes for the first time after 9 years of repeated losses. With doubts cast over whether the Yokneam based company could ever move to growth and profitability, it finally achieved both in 2005. The company posted revenue of $20.8 million, up 90% on figures for 2004. Net profit was $611,000, against a loss of $6 million for the previous year. Elbit Vision’s pro-forma profit for 2005, net of costs and amortization due to acquisitions was $1.2 million. Fourth quarter sales were $8.1 million, with profits totaling $1.2 million. Elbit Vision manufactures automatic optical inspection systems that are used to improve production efficiency in diverse applications. The company has a market cap listed on the bulletin board at around $20 million. Mivtach Shamir Holdings (TASE: MISH) recently provided the company with a $3 million loan over two years, convertible at an exercise price of $0.50 per share and other options. Mivtach currently has an 11% share in the company, which on exercising its options will increase to 30%. Although Mivtach Shamir arrived on the scene just two weeks ago, it most likely was aware of the company’s fourth quarter results at the time it agreed its investment. In a related development, the company this week appointed David Gal as chairman. Formerly, CEO at Wizcom and senior deputy CEO at Orbotech (Nasdaq: ORBK), Gal assisted Mivtach Shamir in finalizing the deal and will assume active management of the company. Moshe Shochat will remain CEO and will focus principally on management of the activities of ScanMaster, a subsidiary which Elbit Vision acquired in 2004. Commenting on the new partnership with Mivtach Shamir, Elbit Vision chief financial officer Yaky Yanay said, ”The involvement by Mivtach Shamir, went into effect just two weeks ago and I expect their involvement and assistance to the company to increase as the year progresses. The choice of Mivtach Shamir as business partner was not a random selection on our part.” Asked whether he believed the company had finally put its loss making days behind it, Yanay replied, “Our work plan for continued growth and increased profits in the coming year. It is still too early to make any forecasts for coming quarters but we are totally confident about our results for the year as a whole. I expect that we will be releasing both a quarterly and annual forecast in the near future.” Published by Globes [online], Israel business news - www.globes.co.il - on February 27, 2006 globes.co.il Dubi