Arel Communications & Software Ltd. is extending the exercise deadline of its Warrants.YAVNE, Israel--(BUSINESS WIRE)--October 31, 1996--Arel Communications and Software Ltd. (NASDAQ/NMS: ARLCF) today announced that it is extending the exercise deadline of its Warrants from 5:00 p.m. (New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Time) on November 30, 1996 to 5:00 p.m. on December 1, 1997. The Warrants are traded on the 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 National Market under the symbol ARLWF. Arel Communications & Software Ltd. provides a family of Distant Learning products, (IDEAL - Interactive Distance Education And Learning systems) for the Education and Corporate markets worldwide. ArelNet Ltd., Arel's 80% owned subsidiary designs, develops, produces, markets and supports a family of value-added telecommunications network A telecommunications network is a of telecommunications links and nodes arranged so that messages may be passed from one part of the network to another over multiple links and through various nodes. service systems ("VANS"). ArelNet's leading product ARCOM ARCOM Army Reserve Command (replaced by RSC and RSG) ARCOM Army Commendation Medal ARCOM United States Army Reserve Command , is rated worldwide amongst the leading products in the field. ArelNet's ARCOM store-and-forward based, value added network (networking) Value Added Network - (VAN) A privately owned network that provides a specific service, such as legal research or access to a specialised database, for a fee. A Value Added Network usually offers some service or information that is not readily available on public message handling, switching and management system can receive a wide variety of telecommunication messages, including facsimile, telex, telegram, E-mail, telephone and X.400, and retransmit Verb 1. retransmit - transmit again channel, transmit, carry, impart, conduct, convey - transmit or serve as the medium for transmission; "Sound carries well over water"; "The airwaves carry the sound"; "Many metals conduct heat" them in the same or a transformed protocol. In addition, customers of the ARCOM system can utilize high speed telecommunication networks (e.g. satellite or dedicated leased line) in order to interconnect between the various distributed nodes, whether these nodes are part of their own network or whether an interconnecting agreement with other message handling VAN service providers is created. The recently announced Internet i-FAX system of ArelNet is a "client/server" line of products which uses the Internet to send international and long-distance faxes, achieving substantial savings on fax cost. The "client" can be a standard fax machine or any PC Windows based application. CONTACT: Arel Communications and Software Ltd. Izhak Gross, 972-8-9420880 |
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