Advanced Research Technologies, Inc. to Distribute Elron CommandView Products in Japan.

CAMBRIDGE, Mass.--(BUSINESS WIRE)--March 29, 1999--Elron Software, a leading developer of Internet management solutions, announced today it has signed a distribution agreement with Advanced Research Technologies, Inc. (ART). ART will distribute the award-winning Elron CommandView(tm) family of products in Japan.

Elron CommandView includes CommandView Firewall, Internet Manager for web access management, and Bandwidth Optimizer for prioritization of bandwidth usage.

"We are very excited to begin working with Elron Software," said Yasunobu Kudo, President and CEO of ART. "The company has an excellent reputation for providing great products and support."

"ART has developed key distribution relationships with VARs, resellers, and systems integrators," said Ivan O'Sullivan, President of Elron Software's Internet Products Division. "These relationships form a powerful network and a significant presence in Japan."

Elron Software's CommandView Product Family provides integrated solutions for managing the productive use of the Internet for networks using the Microsoft (NASDAQ:MSFT) Windows NT(R) platform. CommandView Firewall was recently named a "Top Pick" by Small Business Computing and Communications magazine and Internet Manager was named an "Editor's Hot Pick" from Internet Computing magazine. For additional product information, call Elron Software direct at 800-406-5833 or visit the Elron Software web site at (www.elronsoftware.com).

About Elron Software, Inc.

Elron Software Inc. (Cambridge, MA), Internet Products Division, is part of Elron Electronic Industries LTD., (NASDAQ:ELRNF) - a multi-national company headquartered in Haifa, Israel. In 1997, combined sales for the Elron group were $1.2 billion. With an installed base of six million licensed users at over 13,000 organizations, Elron Software's Internet Products Division provides solutions to help organizations maximize the productivity and performance of Internet connected networks. Elron Software's customers include: Westinghouse, NFL Properties, Inc., U.S. Army, Coca-Cola Bottling Company Ltd., Stride Rite Corporation, and BF Goodrich.

About Advanced Research of Technologies, Inc. (ART)

Advanced Research of Technologies, Inc. (Japanese name; Sentan Gijutsu Kenkyusho) imports, markets and distributes computer and communication products into the Japanese market. The company has worldwide business networks with the United States, Europe, and Israel, and is managed by professional partners with a variety of experiences in different technologies, industries and markets. The company has close relationship with OEMs, resellers, VARs, Systems and network integrators, Internet Service Providers, and large enterprise groups based on its own differentiated technical support systems. The company has headquarters in Yokohama, Japan. For more information, call [phone], e-mail ([e-mail]), or visit (http://plaza5.mbn.or.jp/~ART/) .