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IDAN SOFTWARE INDUSTRIES-I.S.I. SHELF REGISTRATION DECLARED EFFECTIVE

 TEL-AVIV, Israel, July 20 /PRNewswire/ -- Idan Software Industries- I.S.I. Ltd. (NASDAQ: IDANF) announced today that the Securities and Exchange Commission has declared effective a shelf registration statement covering 2,450,000 shares (8.9 percent of the company's outstanding shares) purchased by five investors in a previously announced private placement in Israel in March 1993 and 2,333,333 shares (8.4 percent of the company's outstanding shares) purchased, as previously announced, by a wholly-owned subsidiary of Ampal American- Israel Corporation (AMEX: AIS.A) in July 1993. Pursuant to its agreement with such shareholders, the company is obligated to keep the shelf registration statement effective for two years.
 The company also has included in the registration statement an additional 4,960,000 shares (17.9 percent of the company's outstanding shares) held by certain other shareholders and certain officers, directors, and affiliates of the company.
 Idan, through its subsidiaries, provides telecommunications services and products.
 -0- 7/20/93
 /CONTACT: Gad Goldstein of Idan Software Industries-I.S.I. Ltd., 011-972-3-563-3030/
 (IDANF)


CO: Idan Software Industries-I.S.I. Ltd. ST: IN: CPR SU:

WB-OS -- NY090 -- 3491 07/20/93 15:13 EDT
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Publication:PR Newswire
Date:Jul 20, 1993
Words:192
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