Ampal Announces Additional Investment in Modem-Art.Business Editors NEW YORK--(BUSINESS WIRE)--Oct. 10, 2000 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]. ) announced today that as part of its ongoing strategy to focus on the high-technology sector, it has made an additional investment of $1.45 million in Modem-Art, Ltd. Ampal now holds an approximate 6.4% equity interest in Modem-Art. This investment was made as part of a $10.6 million round of financing based on an approximate $56 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 . Among the other significant investors are Bank of Boston, Genesis Partners and Tamir Fishman. Modem-Art is an Israeli fabless semi-conductor company specializing in the development of system-on-a-chip solutions for wideband and broadband communication systems. Additional information about this company can be found at www.modem-art.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 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 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 and prior releases are 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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