Arel Communications and Software Ltd. Announced Payment Date for Arelnet Holdings.Business/Technology Editors YAVNE, Israel--(BUSINESS WIRE)--June 12, 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 NMS See NetWare Management System. :ARLCF) announced today that the payment date for its recently completed spin-off of its holdings in Arelnet is on or abut To reach; to touch. To touch at the end; be contiguous; join at a border or boundary; terminate on; end at; border on; reach or touch with an end. The term abutting implies a closer proximity than the term adjacent. June 12, 2000. Arelnet stock certificates will be mailed from Israel to shareholders of Arel on or about June 12, 2000. As previously announced, Arelnet shares are currently trading on the Tel Aviv Stock Exchange Tel Aviv Stock Exchange Israel's only stock exchange. under the ticker ARNT. Shareholders seeking information regarding trading of Tel Aviv Stock Exchange listed securities should contact US brokerage firms with correspondents in Tel Aviv. Arel understands that CIBC CIBC Canadian Imperial Bank of Commerce CIBC Centres Interinstitutionnels de Bilan de Compétences CIBC Commonwealth Institute of Biological Control (Trinidad) CIBC Commercial International Brokerage Company Oppeneheimer and Oscar Gruss & Co. maintain relationships with Israel-based brokerage firms. For Arelnet quotes on the Tel Aviv Stock Exchange see the following link: www.tase.co.il and type ARNT for quote. 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. 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 Worlwide website at www.kcsa.com. |
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