Ampal announces investment in UNIC View.NEW YORK--(BUSINESS WIRE)--March 18, 1997-- Ampal-American Israel Corporation (AMEX AMEX See: American Stock Exchange :AIS.A) has announced an investment of $1 million to acquire a 7.25% interest in UNIC UNIC United Nations Information Centre UNIC Universal Satellite Home Connection UNIC University of Canberra (Australia) UNIC Uni Client UNIC Universal Internet News Collector View Ltd., a private company in Israel. UNIC View is currently in the business of manufacturing and marketing a liquid screen display projector for video, large screen television and computer projection systems and is developing a new projector engine for home use. Ampal has been advised that UNIC View expects to make additional placements of its shares. Ampal and its subsidiaries acquire interests in businesses located in the State of Israel or that are Israeli-related. An important objective of Ampal is to make investments in companies which take advantage of growth in Israel's domestic economy. Ampal and its subsidiaries have diversified diversified (di·verˑ·s interests in the following sectors: high technology and communications, hotels and leisure-time, real estate, finance, energy distribution, basic industry, as well as others. CONTACT: Ampal-American Israel Corporation Lawrence Lefkowitz President 212/782-2100 or Morgen-Walke Press Relations: Stan STAN Stanchion STAN Stärke- und Ausrüstungsnachweis (German) Stan Standard Man (human patient simulator) STAN SEMCIP Technical Assistance Network STAN System Trace Audit Number STAN Star Trek Area Network Froelich Investor Relations Investor relations The process by which the corporation communicates with its investors. : Cindy Hintelmann 212/850-5600 |
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