Magal Announces Termination of an Agreement by a Customer in Europe

YAHUD, Israel, April 21  /PRNewswire-FirstCall/ -- Magal Security Systems, Ltd. (NASDAQ NM: MAGS, TASE: MAGS) today announced that the European customer referenced in the Company's press release of April 7, 2006, has given notice that it has decided to terminate its agreement with Magal.

The Company believes that such termination has no legal basis or factual merits and intends to take all legal actions and proceedings necessary to enforce the agreement and compensate Magal for all expenses incurred as a result of the improper termination of the agreement.

Jacob Even-Ezra, Chairman of Magal, said: "While management believes that the termination of this agreement will not have any long term negative affect on the Company's performance, it will likely result in lower than forecast revenues and earnings in the first six months of this year."

Magal also announced that it will be releasing its first quarter 2006 results on Monday, May 1st 2006, before the US market opens. The Company will also be hosting a conference call on the same day at 10:00am EST. On the call, Mr. Jacob Even-Ezra, Chairman of the Board & CEO, and Ms. Raya Asher, V.P. Finance & CFO, will review and discuss results and will then be available to answer questions.

To participate, you may call any one of the teleconferencing numbers that follows:

                      US Dial-in Number: 1-866-860-9642
                    Canada Dial-in Number: 1-866-485-2399
                     ISRAEL Dial-in Number: 03-918-0610
                INTERNATIONAL Dial-in Number: [phone]

                                     At:
                            10:00am Eastern Time
                             7:00am Pacific Time
                             5:00pm Israel Time



The call will also be broadcast live and will be accessible through a link on Magal's website. A replay of the call will be available online for three months from the day after the call. Magal's website can be found at: http://www.magal-ssl.com/.

About Magal Security Systems, Ltd.:

Magal Security Systems Ltd. (Magal) is engaged in the development, manufacturing and marketing of computerized security systems, which automatically detect, locate and identify the nature of unauthorized intrusions. Magal also supplies Video Monitoring Services through Smart Interactive Systems, Inc., a subsidiary established in the U.S. in June 2001. The Company's products are currently used in more than 70 countries worldwide to protect national borders, airports, correctional facilities, nuclear power stations and other sensitive facilities from terrorism, theft and other threats. Israeli-based Magal has subsidiaries in the U.S., Canada, the U.K., Germany, Mexico, Romania and an office in China.

Magal trades in the U.S. on the NASDAQ National Market since 1993 and in Israel on the Tel-Aviv Stock Exchange (TASE) since July 2001, under the symbol MAGS.

This press release contains forward-looking statements, which are subject to risks and uncertainties. Such statements are based on assumptions and expectations which may not be realized and are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual results, financial and otherwise, may differ from the results discussed in the forward-looking statements. A number of these risks and other factors that might cause differences, some of which could be material, along with additional discussion of forward-looking statements, are set forth in the Company's Annual Report on Form 20-F filed with the Securities and Exchange Commission.

  Contacts:

  Magal Security Systems, Ltd                GK International
  Raya Asher                                 Ehud Helft/Kenny Green
  Tel: [phone]                       Tel: [phone]
  Fax: [phone]                       Int'l dial: [phone]
  E-mail:            E-mail:  /
                                             

DATASOURCE: Magal Security Systems Ltd.



CONTACT:  Magal Security Systems, Ltd - Raya Asher, Tel:

[phone], Fax: [phone], E-mail: . GK

International - Ehud Helft/Kenny Green, Tel: [phone], Int'l dial:

[phone], E-mail:  / 

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