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1 May 2009 13:43
Emblaze Ltd. ("Emblaze" or "the Company") Clarification Announcement
Ra'anana, Israel - 1 May 2009: Further to the Company's results announcement of 30 April 2009, the Company wishes to clarify that as reflected in its released accounts, the Company's consolidated net assets for the years ended 31 December 2007 and 31 December 2008 were $151.1 million and $126.6 million respectively and the consolidated total assets for the years ended 31 December 2007 and 31 December 2008 were $695.2 million and $639.3 million respectively.
Enquiries:Emblaze Ltd Hagit Gal +972 9 7699302/ 339 Corfin Communications
Harry Chathli, Victoria Ward +44 (0)20 7977 0020
About Emblaze
Emblaze Ltd is a group of technology companies addressing both growth and innovation activities thus combining the stability of "bread and butter" mature technology enterprises with "high-risk / high-reward" investments in innovation.
Our Growth arm includes Formula Systems , which harbors the following subsidiaries: Magic Software Enterprises Ltd. develops, markets and supports composite application development and deployment platforms with a service-oriented architecture (SOA), including application integration and business process management (BPM), with existing and legacy systems; Matrix IT Ltd. (TASE: MTRX) is one of Israel's leading integration and information technology services companies, active in four principal areas: software solutions and services, software products, infrastructure solutions and hardware products, and training and assimilation.; Sapiens International Corporation N.V. is a provider of IT solutions that modernize business processes to enable insurance and other companies to quickly adapt to changes; and nextSource Inc., designs, develops and implements web-based, high quality, innovative human capital management solutions.
Our Innovation arm includes Emblaze Mobile, a designer of advanced mobile devices; EMOZE, a provider of Push Email and synchronisation technology for mobile devices; and ZONE-IP (Emblaze V CON), a provider of wireless video communications technologies and conferencing solutions for operators and enterprise markets over IP networks.
The Emblaze Group is traded on the London Stock Exchange since 1996. www.Emblaze.com
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