Distribution Agreement signed with 360 Management Group Inc.
Jerusalem, August 13, 2007 - WizCom Technologies Ltd. (WizCom) (Prime
Standard: WZM, IL 0010830706) announced today that the company has
signed a distribution agreement with 360 Management Group Inc. as a
business partner in the commercial development and sale of the
Quicktionary translation pen and the Infoscan scanner pen in Canada.
360 Group Management Inc. is a distribution company with 20 years
experience in the marketing and sale of technological products. The
company collaborates with international providers of consumer
electronics products. So far Wizcom Technologies has cooperative
agreements with academic institutions and organizations in Canada.
The new agreement with 360 Group Management will enable the company
to expand its sales to other sectors in Canada, such as retail
chains.
According to Michael Kenan, CEO of Wizcom Technologies, "Canada is an
important potential market for Wizcom's expansion in the North
American market. The choice of 360 Group Management Inc., which has
had considerable success with suppliers of consumer products, gives
us an excellent resource for developing new income flow for our
products. The new collaboration will give us access to additional
channel managers in the retail markets for WizCom products. With the
new sales partnership we see a potential of up to US$ 0.5 million of
additional revenues each year to be realized in Canada."
According to Angelo Kusifer, supplier relations manager at 360 Group
Management Inc., "We are proud to add another important supplier like
Wizcom Technologies to the solutions that we offer. Building up the
Wizcom brand and the rapid addition of new distribution channels,
with the aim of achieving significant growth in Wizcom's income, are
the main focus of our activities."
For additional information regarding WizCom Technologies, please
visit www.wizcomtech.com.
About WizCom Group
WizCom Technologies Ltd. is the world's leading producer of personal,
portable scanning pens that enable and enhance reading-related
activities, text processing and business productivity. These pocket
sized, user-friendly devices enable people to understand and use
printed material, anytime and anywhere, without disrupting their
reading process. Our pens are an invaluable support tool for students
of English as a first or second language, as well as people working
in multilingual environments, enhancing their fluency and expediting
reading comprehension.
Ligature Ltd. is a world leader developer of Optical Character
Recognition (OCR) technologies and applications. The company offers
innovative approach to OCR based solutions for specialized markets
partnering with OEMs, VARs and system integrators incorporating
CharacterEyes into software applications and hardware products.
Galil Microwaves Israel (2003) Ltd. is a third party manufacturer and
assembler of electronic modules for microelectronic and microwave
components.
For further information, please contact:
WizCom Technologies Ltd.
Roy Cohen, CFO
8B HaMarpe St.
97774 Jerusalem
Israel
Phone +972-2-5328222
roy@wizcomtech.com
http://www.wizcomtech.com
SCHWARZ Financial Communication
Frank Schwarz
Investor Relations
Germany
Phone +49-611-174539811
schwarz@schwarzfinancial.com
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WizCom Technologies Ltd.
8B Hamarpe St. Jerusalem
WKN: 915856;
ISIN: IL0010830706; Index: Prime All Share, TECH All Share;
Listed: Freiverkehr in Börse Berlin Bremen, Freiverkehr in Börse
Düsseldorf,
Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg, Freiverkehr
in Niedersächsische Börse zu Hannover,
Freiverkehr in Bayerische Börse München, Freiverkehr in Börse
Stuttgart,
Prime Standard in Frankfurter Wertpapierbörse, Geregelter Markt in
Frankfurter Wertpapierbörse;
