Ampal Announces Additional Investment in Enbaya.Business Eidtors/Technology Writers NEW YORK--(BUSINESS WIRE)--Jan. 22, 2001 Ampal-American Israel Corporation (Nasdaq: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]. ) announced today that as part of its ongoing strategy to focus on the high-technology sector, it has made an additional investment of $1.5 million in Enbaya Ltd. Ampal now holds an approximate 20.5% equity interest in Enbaya. This investment was made as part of a $5 million round of financing based on a $15 million post-money valuation Post-Money Valuation The value of a company after external financing alternatives are added to its balance sheet. Notes: When taken with the pre-money valuation, investors can identify the amount of financing added to the company and track the level of return in order to . Other significant investors are Poalim Capital Markets, DS Polaris and Partner FutureComm. Enbaya was founded in 1999. Operating in the arena of rich-media content delivery networks, Enbaya brings interactive, rich-media solutions to the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the and the cellular world, based on 3D graphics and animation. The company's products are built around a core technology for progressive compression and streaming, and a unique "one-link service" business model. The combination of the company's groundbreaking technology with the easily deployed business model breaks speed and integration barriers that have been traditionally associated with delivering rich-media and 3D over the Internet. The system can be easily adapted to any available bandwidth. In the first quarter of 2001, Enbaya is expected to launch beta services for bricks-and-mortar retailers who want to provide a content-rich web experience where customers can interact with products and objects. Enbaya's headquarters are located in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and its research and development subsidiary is located in Ramat-Gan, Israel. The company currently employs 28 people. Further information about the company and its products can be found at the Enbaya web site at www.enbaya.com. 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 sectors. Ampal has diversified diversified (di·verˑ·s 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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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