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ISTEC EXTENDS EXPIRATION OF WARRANTS

 TEL AVIV, Israel, April 15 /PRNewswire/ -- Istec Industries & Technologies Ltd. (NASDAQ: ISTUF, ISTEF, ISTWF), which leases commercial vehicles to Israeli businesses, today announced it has extended the expiration dates of Class A and Class B redeemable ordinary share purchase warrants, both of which had been scheduled to expire on May 14, 1993.
 Under terms of the revisions, each Class A warrant entitles the holder to purchase one ordinary share and one Class B warrant at an exercise price of $1.25 until 5 p.m., New York time, on May 17, 1993, at which time the A warrant will expire.
 Each B warrant entitles the holder to purchase one ordinary share at an exercise price of $1.25 until 5 p.m., New York time, on Oct. 18, 1993, at which time the B warrants will expire.
 Previously, each Class A and Class B warrant could be exercised for $1.25 until April 15, 1993, and at $1.75 thereafter, until the expiration date.
 -0- 4/15/93
 /CONTACT: Avihoo Horowitz of Istec Industries & Technologies, 011 972 3 527-9754/
 (ISTEF)


CO: Istec Industries & Technologies Ltd. ST: IN: SU:

KD-SB -- NY064 -- 6243 04/15/93 12:19 EDT
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Publication:PR Newswire
Date:Apr 15, 1993
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