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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 Receives a US$1.5 Million Order

19/09/2007 12:20pm

PR Newswire (US)


-3x Short Magnificent 7 ... (BIT:MAGS)
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YAHUD, Israel, September 19 /PRNewswire-FirstCall/ -- Magal Security Systems, Ltd. (NASDAQ GM: MAGS; TASE: MAGS), today announced that its fully owned U.S. - based subsidiary received a US$ 1.5 million order to upgrade existing equipment that had been sold to 30 institutions in the U.S. Revenues from this order will be recorded before the end of 2007. Mr. Izhar Dekel, CEO of Magal, said: "We are very pleased that this customer chose to continue to use our products. We strive for excellence in our product offerings and customer service and believe this order is an indication of our reliability in the field and commitment to our customers." 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. Magal trades under the symbol MAGS in the U.S. on the Nasdaq Global Market and in Israel on the Tel-Aviv Stock Exchange (TASE). 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 Gelbart Kahana 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, Gelbart Kahana Investor Relations, Ehud Helft/Kenny Green, Tel: +1-866-704-6710, E-mail:

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