COMET SOFTWARE INTERNATIONAL LTD. SIGNS HEALTHCARE INFORMATION SYSTEMS AGREEMENT IN CZECH REPUBLIC; Company Establishes Subsidiary to Market Products Throughout Czech Republic and Slovakian Healthcare Markets; Initial Target Market is Approximately 250 Hospitals.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)--Nov. 28, 1994--COMET SOFTWARE INTERNATIONAL LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability . (NASDAQ/NM Symbol: CMTTF) today announced that it has recently signed an agreement to computerize com·put·er·ize tr.v. com·put·er·ized, com·put·er·iz·ing, com·put·er·iz·es 1. To furnish with a computer or computer system. 2. To enter, process, or store (information) in a computer or system of computers. the MOTOL Medical Center in Prague, Czech Republic Czech Republic, Czech Česká Republika (2005 est. pop. 10,241,000), republic, 29,677 sq mi (78,864 sq km), central Europe. It is bordered by Slovakia on the east, Austria on the south, Germany on the west, and Poland on the north. . MOTOL is one of the largest medical centers in Europe, with 2700 beds. COMET will be translated to the Czech language Czech language (chĕk), in the past sometimes also called Bohemian, member of the West Slavic group of the Slavic subfamily of the Indo-European family of languages (see Slavic languages). in cooperation with a team from the MOTOL Medical Center. Mr. Shmuel Sternfeld, Chief Executive Officer of COMET SOFTWARE INTERNATIONAL stated, "The signing of the MOTOL agreement is a significant breakthrough in the penetration of the Eastern European healthcare market, as it will serve as an example for other Czech hospitals, as well as hospitals in additional Eastern European countries." In a two year search for a healthcare information system, MOTOL examined numerous systems from companies worldwide. In the final analysis, however, the COMET system proved to be the most unique, integrative solution which could meet all of the administrative, financial and medical needs of the Center. As well, the COMET system's ease of installation will allow the system to be operational in a relatively short period of time. COMET SOFTWARE INTERNATIONAL, LTD. has established a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. in the Czech Republic, COMPUTERIZED computerized adapted for analysis, storage and retrieval on a computer. computerized axial tomography see computed tomography. MEDICAL TECHNOLOGIES s.r.o. Through the subsidiary, the Company intends to market the COMET system throughout the Czech Republic and Slovakian markets. Initially, COMET SOFTWARE INTERNATIONAL's target market will be the largest Czech and Slovakian hospitals, approximately 250 hospitals with 400 or more beds. By 1996, the Company expects to be marketing the COMET System to smaller hospitals with less than 400 beds. COMET SOFTWARE INTERNATIONAL LTD. designs, develops and markets integrated information management systems, and provides associated support In naval air operations, assistance provided by a force or unit to another force or unit that is under independent tactical control, neither being subordinate to the other. See also direct support; support. services, primarily for the health care industry. The Company's principal product, COMET (COmputerized MEdical Technologies), consists of a variety of interactive software modules, which collectively integrate clinical, management and financial applications to provide data ranging from the medical record of a single patient to a comprehensive report on the entire organization. CONTACT: Comet Software International Ltd., Tel Aviv
Gadi Zilberdik, 972-3-6966110
or
Lippert/Heilshorn & Associates Inc., New York
Michele Fasano, 212-838-3777
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