Ampal's Affiliate MIRS Becomes Fourth Cellular Operator in Israel.Business/Technology Editors NEW YORK--(BUSINESS WIRE)--Feb. 5, 2001 Ampal-American Israel Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : AMPL (language) AMPL - Along with mpl, the intrinsic parallel languages for MasPar's computers. AMPL and mpl are parallel variants of C. Ampl is actually now a gcc port. ["AMPL: Design, Implementation and Evaluation of a Multiprocessing Language", R. Dannenberg, CMU 1981]. ) is very pleased to announce that today its 25%-owned affiliate, MIRS MIRS Modular Integrated Robotized System MIRS Mid-Infrared Spectrometer MIRS Management Information & Retrieval System MIRS Multimedia Information Retrieval Services MIRS Microwave Integrated Retrieval System MIRS MEPCOM Integrated Resource System Communications Ltd., was granted a full general operator license by the Ministry of Communications, similar to the three existing cellular licenses previously granted to other Israeli operators. The major advantages of this new license are that MIRS will now be able to charge for airtime air·time n. 1. The time during which a radio or television station is broadcasting. Also called airspace. 2. The time at which a radio or television program is broadcast. usage for incoming calls and will have a connectivity agreement with Bezek, the local telephone service provider. As part of this agreement, MIRS agreed to pay royalties to the Government of Israel and to be subject to certain quality of service measurements to comply with industry standards. The Ministry of Communications will conduct an economic valuation to determine the additional license fees to be paid by MIRS. Raz Steinmetz, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Ampal, said that the new license will significantly improve MIRS' ability to compete in the cellular market and to take advantage of its unique technology. MIRS has officially become the fourth cellular operator in Israel. MIRS now has approximately 170,000 subscribers using its unique radio technology and provides an integrated service platform of digital wireless communication services, targeted mainly to commercial customers. The granting of the license to MIRS will enable the company to pursue additional opportunities in the consumer market. Ampal and its subsidiaries primarily acquire interests in businesses located in the State of Israel or that are Israel-related. Ampal's primary investment focus is the growing high-technology and communications sector. Ampal has diversified interests in the following sectors: high-technology and communications, real estate, capital markets, leisure-time, energy distribution and industry. Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements involving risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. Further information regarding risks and uncertainties are detailed from time to time in the Company's filings with the Securities and Exchange Commission. This release is available on the KCSA KCSA Krannert Center Student Association KCSA Kentucky Crushed Stone Association (Frankfort, KY) KCSA Kyiv City State Administration KCSA Kalamazoo Christian School Association KCSA Kentucky-Canadian Studies Association Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most Worldwide website at www.kcsa.com. |
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