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Ad hoc: Wizcom Technology Ltd. Files for Insolvency
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Rosh Ha'ayin, February 09, 2012 - The Board of Directors of Wizcom Technologies Ltd. (Prime Standard: WZM, IL 0010830706) informs that the Company has filed for insolvency at the court, as the Company has not been able to solve its liquidity issues. The Board expects that the court will nominate an administrator for Wizcom Technologies Ltd. As public administration in Israel is on strike today, no decision has been received from the court as yet.
Board and Management will inform shareholders about further developments as and when material information becomes available.
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
SCHWARZ Financial Communication
Frank Schwarz
Investor Relations
Phone +49-611-1745-398-11
Schwarz@schwarzfinancial.com
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Source: Wizcom Technologies Ltd. via Thomson Reuters ONE
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