Aryt Industries Ltd. Increases Its Share In OfficeCore.com Ltd.Business Editors TEL AVIV Tel Aviv (tĕl əvēv`), city (1994 pop. 355,200), W central Israel, on the Mediterranean Sea. Oficially named Tel Aviv–Jaffa, it is Israel's commercial, financial, communications, and cultural center and the core of its largest , Israel--(BUSINESS WIRE)--Feb. 5, 2001 Aryt Industries Ltd. ("Aryt") (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ARYTF) today announced that it has exercised its warrants to acquire 2091 Preferred B Shares in Officecore.com, Ltd ("OfficeCore"), thereby increasing Arty's holdings from 28.57% to 45% of OfficeCore's outstanding share capital (fully diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. basis). OfficeCore, an Israeli company, is engaged in the development of internet complete work environment, primarily for small and medium businesses, including office applications, customer relationships management (CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. ), e-commerce website management, inventory management and other applications. OfficeCore data is accessible from cellular device (WAP (1) (Wireless Access Point) See access point. (2) (Wireless Application Protocol) A standard for providing cellular phones, pagers and other handheld devices with secure access to e-mail and text-based Web pages. ), using OfficeCore high level of security. About Aryt Industries Ltd. Aryt Industries, Ltd. is a managing holding company which is engaged through its subsidiaries and affiliated companies Affiliated Companies A situation that occurs when one company owns a minority interest (less than 50%) in another company. Also refers to companies that are related to each other in some way. Notes: An affiliated company is sometimes referred to as a subsidiary. under its following divisions in various fields: - Technological Division: Includes Sensotech Ltd. (41%), OfficeCore.com Ltd. (45%) and Voice Diary Ltd. (66%). - Medical Division: Includes Sigmed Ltd. (20%) and ElscinTec Systems Ltd. (50%). - Defense Division: Includes Reshef Technologies Ltd. (100%) and Amcoram Ltd. (100%). Additionally, Aryt owns and hold, 63% of Aryt System Ltd., a public company, whose shares are traded in the Tel-Aviv Stock Exchange. Aryt is in the process of promoting identifying and examining various investments in order to broaden its divisions and its subsidiaries' range of products. |
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