Ampal Announces Additional Investment in ShellCase.Business Editors NEW YORK--(BUSINESS WIRE)--April 16, 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]. ) announced today an additional investment in ShellCase Ltd. of $1.2 million and the conversion of a $.5 million loan, as part of a $20 million round of financing which includes a $2 million conversion of previously advanced loans. This round of financing is based on a $48 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 other significant investors are Motorola Ventures, GE Asset Management, Clal Electronics Ind., SG Cowen Ventures and Schott Glass SCHOTT AG is a manufacturer of high-quality industrial glass products, such as fiber-optics and components used in flat panel displays. They are well known by the photographic community for manufacturing the glass components of Zeiss and Schneider Kreuznach lenses as well as . Ampal's equity interest in ShellCase is approximately 13.3%. ShellCase intends to use the proceeds from this round of financing to build a new plant in California, expand the company's production capacity at its existing facilities in Israel and increase working capital. ShellCase has developed a proprietary patented chip-size packaging technology for semiconductors using a wafer-level process. Hand-held electronics, wireless communication products, ID technologies, digital imaging and light detection applications in consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and , smart cards and medical devices are just part of the growing list of applications that benefit from the unique properties of ShellCase's technology. 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 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 Web site at www.kcsa.com. |
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