Ampal Announces Two Investments in the High-Technology Sector.Business & High-Tech Editors NEW YORK--(BUSINESS WIRE)--Sept. 28, 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 it has made the following investments in high-technology companies as part of its ongoing strategy to focus on the high-technology sector: BridgeWave Communications Inc. -- $1.8 million additional investment (total equity interest 4%), as part of a $26.5 million private placement, based on a $126.5 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 in this round are Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. and Scientific Atlanta Strategic Investment LLP LLP - Lower Layer Protocol . BridgeWave Communications is developing broadband wireless technology which enables the introduction of wireless access terminals at substantially reduced price points, providing "beyond wireline speed" Internet access to business and residential users. Additional information about the company can be found at BridgeWave's web site www.bridgewave.com. WapDWap Ltd. -- $0.75 million initial investment for a 9.5% interest, as part of a $4 million private placement, based on a $7.9 million post-money valuation. WapDWap is engaged in the development of web-based applications for cellular phones. 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 website at www.kcsa.com. |
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