EVS Names Menashe Shohat as New CEO.

YOKNEAM, Israel -- Elbit Vision Systems Ltd. (OTCBB:EVSNF) today announced that following the successful completion of the acquisition of Scanmaster systems (IRT) Ltd, its President and CEO, Mr. Zami Aberman, stepped down from his position as of December 26, 2004. Mr. Menashe Shohat, who is currently serving as a director of the Company has been appointed as the Company's new CEO.

Mr. Aberman, EVS's President and CEO during the past two years, took over the Company with the goal of forming and executing a comprehensive turnaround plan. As part of the plan, the Company acquired ScanMaster Systems (IRT) Ltd. in September 2004. Mr. Shohat was previously the CEO of ScanMaster, and brings EVS 14 years of experience in the inspection market. A hands-on administrator, Mr. Shohat was instrumental in the successful turnaround of ScanMaster in 2002, taking it from a long period of losses to profitability in less than 2 years. Since the acquisition, Mr. Shohat has been active in all EVS's activities.

Commenting on the news, Mr. Aberman said, "I am very proud of the progress that we have made over the past two years. Now that we have completed our 2-year plan, we have successfully repositioned the Company from a single-product company to a provider of a wide range of fast-ROI inspection solutions for automotive, aerospace, railway, industrial web and LCD industries. I am pleased to turn the reins over to Menashe, who I believe is the right person to implement EVS's plan to take full advantage of these developments."

Menashe Shohat, EVS's new CEO, added, "Our desire to join EVS was due to our belief in the exciting synergies and potential of two companies. During the past two years, EVS has made huge investments in the development of new products and market research. During the year ahead, we expect the benefits of these investments will be reflected in a significant increase in our revenues and a return to profitability."

About Elbit Vision Systems (EVS):

EVS offers a broad portfolio of automatic in-line inspection and quality monitoring systems used to improve product quality and increase production efficiency. The Company's Microelectronic Division provides state-of-the-art optical and laser-based inspection and correction systems for the manufacture of LCDs, FPDs and Bare Wafers. The Company's Industrial Division provides automatic optical inspection (AOI) and non-destructive ultrasound inspection systems for heavy manufacturing (automotive, aeronautics, steel and others). EVS maintains headquarters and manufacturing in Israel, R&D operations in Israel and Korea, and sells and supports its advanced products throughout the world.

Forward looking statements in this release with respect to the Company's business, financial condition and results of operations are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward looking statements, including, but not limited to, product demand, pricing, market acceptance, changing economic conditions, risks in product and technology development, the effect of the Company's accounting policies as well as certain other risk factors which are detailed from time to time in the Company's SEC filings.