Arel Communications Raises $3.7 Million From Exercise of Warrants; ArelNet raised additional $2.8 Million.Business Editors YAVNE, Israel--(BUSINESS WIRE)--May 30, 2000 Arel Communications and Software Ltd. (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 :ARLCF), the world's leading provider of interactive distance learning (IDL (1) (Interface Definition Language) A language used to describe the interface to a routine or function. For example, objects in the CORBA distributed object environment are defined by an IDL, which describes the services performed by the object and how the data ) systems, announced today the exercise of previously issued warrants, by Keppel Communications Pte. Ltd, Marathon Venture Capital Fund Ltd. and Hapoalim Electronic Communications Limited. In connection with these transactions, an aggregate of 602,735 shares were issued for an aggregate price of $3,674,803. Keppel Communications Pte. Ltd has also exercised warrants to purchase 719,428 shares of ArelNet for an aggregate exercise price of $2,825,985. About ArelNet ArelNet Ltd. is a leading provider of IP telephony The two-way transmission of voice over a packet-switched IP network, which is part of the TCP/IP protocol suite. The terms "IP telephony" and "voice over IP" (VoIP) are synonymous. solutions to carriers, next generation telecommunications companies, Internet service providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. and value-added telecommunications service providers. The Company's i-Tone product line offers real-time communications as well as enhanced fax and voice value-added services using a single platform. New services are being added continuously to ensure that i-Tone customers maintain a leading edge in the IP market. ArelNet Ltd. is owned by Arel Communications and Software Ltd. (NASDAQ: ARLCF), Nortel Networks (Nortel Networks Limited, Brampton, Ontario, www.nortelnetworks.com) A world leader in telecommunications products, which includes switching, wireless and broadband systems for service providers and carriers, telephones and systems for residential and business users, computer telephony (NYSE NYSE See: New York Stock Exchange : NT), Elron (NASDAQ: ELRNF) and Keppel Telecommunications & Transportation About Arel Communications and Software Arel Communications and Software, Ltd., Yavne, Israel, and its Atlanta-based U.S. subsidiary, Arel Communications and Software, Inc., market the IDEAL family of interactive distance learning products including its new PC-based Spotlight application. The Company's ArelNet Ltd. subsidiary designs, develops, produces and markets value-added communication and IP telephony products for telephone carriers, Internet Service Providers (ISPs) and other network operators worldwide. About Keppel Communications Pte. Ltd. Keppel Communications Pte. Ltd., headquartered in Singapore, is the wholly owned telecom subsidiary of Keppel Telecommunications & Transportation Ltd (Keppel T&T) which is listed on the Singapore Exchange “SGX” redirects here. For other uses, see SGX (disambiguation). Singapore Exchange Limited SGX: S68 (SGX) is the stock exchange in Singapore. SGX was formed on December 1 1999, following the merger of two established and well-respected financial . Keppel T&T is a strategic e-business company which is fast building its track record as an e-business technology enabler and facilitator for the business-to-business community. The company provides the complete e-business platform and e-services from connectivity, content to infrastructure by leveraging its telecom and logistics assets. Keppel T&T is a consortium partner in Singapore's second cellular service operator, MobileOne (M1) and one of the world's fastest growing cellular operator. Recently, Keppel T&T's subsidiary, DataOne (Asia) Pte Ltd PTE LTD Private Limited was launched as a business Internet Service Provider in Singapore to provide corporate enterprises with value-added Internet services. Keppel T&T recently announced formation of its 50-50 joint venture company with Telstra Corporation Ltd to provide end-to-end telecoms services in Singapore and the region. Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The words "estimate," "project," "intend," "expect," "believe," "hopeful" and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve known unknown risks and uncertainties. Many factors could cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, changes in general economic and business conditions, inability to maintain market acceptance to the Company's products, inability to timely develop and introduce new technologies, products and applications, rapid changes in the market for the Company's products, loss of market share and pressure on prices resulting from competition, introduction of competing products by other companies, inability to manage growth and expansion, loss of key partners, inability to attract and retain qualified personnel, inability to protect the Company's proprietary technology and risks associated with the Company's international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. and its location in Israel. For additional information regarding these and other risks and uncertainties associated with the Company's business, reference is made to the Company's reports filed from time to time 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 Worlwide website at www.kcsa.com. |
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