Emblaze Completes Purchase of Controlling Interest in Formula Systems.

RA'ANANA, Israel -- Further to the announcement on 12 September, Emblaze Ltd (LSE:BLZ) (Emblaze or "the Group") announces that it has completed the purchase of 33.4% of the entire issued share capital of Formula Systems (1985) Ltd (NASDAQ:FORTY) (Formula or "the Group") from its largest shareholder, Fimgold Partnership Ltd.

Also, Emblaze has purchased an additional 4.9% in the open market.

Formula Systems (1985) Ltd, is a global solutions provider of technology, software and IT solutions for a wide range of enterprise sectors in over 50 countries. It directly expands Emblaze group with additional activities in the global technology arena adding thousands of blue chip clients and product offering to the Group's portfolio.

Eli Reifman, Chief Executive Officer of Emblaze said: "This is another step towards realization of our vision to become a significant player in the technology, software and IT markets. Formula Systems, sitting alongside the Emblaze group companies, will expand our business and assets-base and dramatically increase shareholder value. We will still retain much of our cash and intend to continue growing Emblaze both organically as well as via mergers and acquisitions. This transaction is expected to nearly double the size and profitability of the group in 2007 as a result of this acquisition and continue global expansion. "