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Microcap & Penny Stocks : ProNetLink...PNLK...Click here to enter -- Ignore unavailable to you. Want to Upgrade?

To: TsioKawe who wrote (7470)	12/23/1998 9:31:00 PM
From: xyz	Respond to of 40688

Here is a copyed post courtesy of Raging Bull. I believe it has some significant relevance to PNLK and the Israeli connections it has created: By: missymay Reply To: None Wednesday, 23 Dec 1998 at 2:35 AM EST Post # of 2600 Israeli official: Ties to US can't be disconnected BY GORDON PLATT JOURNAL OF COMMERCE STAFF Ron Chaimovski, Israel's top economic official in the United States, said joint ventures between U.S. and Israeli companies make a lot of sense because "we are very good in R&D and America is better in marketing." He said Israel has produced more Internet technology than anywhere else in the world except Silicon Valley. "Israel is gaining new recognition as a high-tech powerhouse," he added. Tel Aviv was recently named one of "Ten Hot New Tech Cities" by Newsweek. The "special relationship" of Israel and the United States is "something you cannot disconnect," he said. As demonstrated by last year's record $3.7 billion in foreign investment, U.S. companies have recognized the potential for profitable partnerships that Israel presents, Mr. Chaimovski said. Fully committed "The U.S.-Israel business relationship will accelerate," he said. "We are fully committed to each other." Mr. Chaimovski, economic minister to North America, represents Israel's Ministry of Industry and Trade and Ministry of Finance in the United States and Canada. He urged U.S. companies to take advantage of the services of the Bird Foundation, a $110 million fund that assists joint ventures of U.S. and Israeli companies. Why is Israel having such success in high technology, including biotechnology? "We have the greatest number of engineers, scientists and doctors per capita of any country," Mr. Chaimovski said. "High tech is our No. 1 export field, the most important and the most attractive," he said. U.S. companies come to Israel for research and development and sometimes for manufacturing for the European market, he said. Israel commits 2.2% of gross domestic product each year for R&D. It participates in more than 30 free-trade agreements and is negotiating others with Mexico and the Mercosur group -- Brazil, Argentina, Uruguay and Paraguay -- as well as with Hungary, Poland and Slovenia. Free trade with Israel, gives U.S. companies access to markets like India that the United States does not yet have trade deals with. Israel's government has committed itself to an economic reform program focusing on privatization, deregulation and liberalization, Mr. Chaimovski said. "We believe in market forces, a free economy and getting rid of government support and subsidies," he said. The Knesset, Israel's parliament, adopted a bill Monday calling for early elections, despite a last-minute call by Prime Minister Benjamin Netanyahu on Labor to join a unity government. Economy will be unaffected "The new election will not play a major factor in the economy," Mr. Chaimovski said. Israel will stay on the path to free markets and is continuing its privatization program, he said. The government has sold 80 companies or entities in the last 10 years. El Al, the national airline, likely will be sold in a year or so, he said, adding that "we are debating whether to wait until the company shows more profits so that we can get a better price." In the near term, the focus will be on selling off shares in the banking sector. Bank Hapoalim was sold recently, and Bank Leumi and Israel Discount Bank are the next to go on the block. "We have freed our foreign exchange market," Mr. Chaimovski said. "For the first time, an Israeli citizen can buy an apartment in New York." There are 250 Israeli companies operating in the United States, he said. "It's a two-way street" between the two countries. In the first nine months of 1998, Israel imported $4 billion of U.S. goods and services and exported $6 billion to the United States, Mr. Chaimovski said. Trade would have been nearly in balance if you exclude Israel's traditional diamond exports, he added.

To: TsioKawe who wrote (7470)	12/24/1998 3:19:00 AM
From: TsioKawe	Read Replies (1) \| Respond to of 40688

Israel imported $4 billion of U.S. goods and services and exported $6 billion to the United States, Mr. Chaimovski said. Trade would have been nearly in balance if you exclude Israel's traditional diamond exports, he added. Looks Like Mr. Zagorren is a genius afterall..... Letter of intent with Israeli chamber of commerce for resale of ProNetLinks service, 10,000 Import/export comanies in a short time, thats 1/3 of all the countries importer/export services, 3/10 =3.33 Billion annual business through this agreement?? Humm...would that mean anything?? Hummmmmm