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MAGS -3x Short Magnificent 7 Etp

10.78
0.00 (0.00%)
19 Jul 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
-3x Short Magnificent 7 Etp BIT:MAGS Italy Exchange Traded Fund
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 10.78 11.274 11.638 0 16:35:17

Magal Expands Operations in Brazil Through New Strategic Partnership

13/06/2007 1:01pm

PR Newswire (US)


-3x Short Magnificent 7 ... (BIT:MAGS)
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Partnership Will Provide Perimeter Solutions, Technical Support and Service Center Within Brazil YAHUD, Israel, June 13 /PRNewswire-FirstCall/ -- Magal Security Systems, Ltd. (NASDAQ GM: MAGS; TASE: MAGS), today announced a new strategic partnership in Brazil. The new strategic partnership, Senstar-Stellar Sistemas de Seguranca Ltda., will provide local consultants and integrators with complete perimeter solutions, technical support and a local service center. The new Brazil based operations, located in Sao Paulo, will be headed by Mr. Eduardo Fazzio, formerly the Magal Group's Brazilian master dealer. "We are very pleased to announce the formation of this new strategic partnership in Brazil," said Izhar Dekel, CEO of Magal. "This partnership will enable us to further expand our operations to one of our key strategic markets, South America, and, we believe, will serve as a major growth driver in years to come. This partnership will provide us with a local base within the South American free trade region, potentially enabling us to manufacture certain of our products there in the future." 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 in the U.S. 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, Romania, Mexico and has an office in China. Magal trades under the symbol MAGS in the U.S. on the Nasdaq Global Market, and in Israel on the Tel-Aviv Stock Exchange. 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: Company Magal Security Systems, Ltd Raya Asher, CFO Tel: +972-3-5391444 Fax: +972-3-5366245 E-mail: Investor Relations G.K. Investor Relations Ehud Helft/Kenny Green Tel: +1-866-704-6710 E-mail: DATASOURCE: Magal Security Systems Ltd CONTACT: Contacts: Company, Magal Security Systems, Ltd, Raya Asher, CFO, Tel: +972-3-5391444, Fax: +972-3-5366245, E-mail: ; Investor Relations, G.K. Investor Relations, Ehud Helft/Kenny Green, Tel: +1-866-704-6710, E-mail: ,

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