Nasdaq Has Appended an 'E' to Company's Trading Symbols.

REHOVOT, Israel, Jan. 12 /PRNewswire/ --

T.V.G. Technologies Ltd. (Nasdaq: TVGTF) announced today that Nasdaq has appended an "E" to each of its trading symbols. Accordingly, the trading symbol(s) for the Company's securities were changed from TVGTF to TVGTE, TVGUF to TVGUE, TVGWF to TVGWE, TVGZF to TVGZE, and TVGLF to TVGLE at the opening of business on January 9, 2001.

The Company has been notified that this action was a result of the failure of the Company to file audited financial statements on Form 20-F for the period ended December 31, 1999, as required by Marketplace Rule 4310(c)(14). The Nasdaq has also advised the Company that its securities will be delisted from the Nasdaq Stock Market at the opening of business on January 19, 2001, unless by January 17, 2001 either (i) the Company files an amended Form 20-F which contains audited financial statements with the Securities and Exchange Commission and the Nasdaq Listings Qualifications Department, or (ii) a request is made by the Company for a hearing to stay the delisting of the Company's securities pending the decision of a Nasdaq Listing Qualifications Panel.

The Company currently anticipates that it will request a hearing to stay the delisting of the Company's securities pending the decision of a Nasdaq Listing Qualifications Panel.