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Wizcom Technologies Ltd. :Ad hoc: Wizcom Technology Ltd. Administrator Appointed

02/22/2012 11:22 am

Wizcom Technologies Ltd.
ISIN: IL0010830706 / German WKN: 915856
Web: http://www.wizcomtech.com

Wizcom Technologies Ltd. /
/
Ad hoc: Wizcom Technology Ltd. Administrator Appointed
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The issuer is solely responsible for the content of this announcement.

Rosh Ha'ayin, February 22, 2012 - Wizcom Technologies Ltd. (Prime Standard: WZM,
IL 0010830706) announces that the Court of Petach Tikva has appointed attorney
Mr. Gilad Harish as administrator of the Company. Mr. Harish has taken over all
responsibilities from the Board of Directors and Management of the Company. The
administrator is to sell all assets of the Company in order to satisfy claims
from Wizcom's creditors, and subsequently to liquidate the Company.

Attorney Ms. Chanit Nov has been appointed by the Court as receiver for
repayment of the convertible bond. Bondholders have a preferred creditor status.

For further information, please contact:

Wizcom Technologies Ltd.
Tiran Fartouk, CEO
13 Hamelacha St.
Rosh Ha'ayin, 48091, Israel
Phone +972-3-9103330
tiran@wizcomtech.com
http://www.Wizcomtech.com

SCHWARZ Financial Communication
Frank Schwarz
Investor Relations
Germany
Phone +49-611-1745-398-11
Schwarz@schwarzfinancial.com

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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Wizcom Technologies Ltd. via Thomson Reuters ONE

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