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18 Jun 2010 08:03
Emblaze Ltd ("Emblaze" or "the Company") MANAGEMENT STATEMENT
Ra'anana, Israel, 18 June 2010 - Emblaze considers recent media speculation about its ELSE mobile project to have affected shares' trading on Thursday, 17th June 2010.
The Company wishes to clarify that there has not been a change in the status of the project since its interim management statement of 19 May 2010.
The ELSE project is being monitored closely by management and required information shall be duly announced.
Enquiries:
Jonathan Shillington/Alistair Scott, Grayling +44 20 7932 1850 alistair.scott@grayling.com
About Emblaze
Emblaze Ltd is a group of technology companies addressing both growth and innovation activities.
The 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.
The Innovation arm includes ELSE Ltd. (formerly Emblaze Mobile), a design house for cutting-edge mobile technology; 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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