Dov Moran, President and CEO of msystems, to Present at Citigroup 7th Annual Semiconductor Conference

msystems(TM) (Nasdaq: FLSH), a leader in smart personal
storage, today announced that Mr. Dov Moran, president and CEO of
msystems, is scheduled to speak at the Citigroup 7th Annual
Semiconductor Conference at the Boston Harbor Hotel in Boston, on
Wednesday, May 31, 2006 at 1:30 p.m.
   The presentation will be available as a live, listen-only webcast
from msystems' online IR Calendar. The webcast will not be archived
following the conclusion of the event. Please follow the link below
for direct access to the IR Calendar -
www.m-systems.com/site/en-US/Corporate/InvestorRelations/NewsAndEvents
/default.htm (Due to the length of this URL, it may be
necessary to copy and paste this hyperlink into your Internet
browser's URL address field and delete any extra spaces that appear.)

   All company and product names mentioned may be trademarks or
registered trademarks of their respective holders and are used for
identification purposes only. msystems is incorporated as M-Systems
Flash Disk Pioneers Ltd.

   This press release includes forward-looking statements as defined
in the Private Securities Litigation Reform Act of 1995. Readers are
cautioned not to place undue reliance on these forward-looking
statements, as they are subject to various risks and uncertainties
which may cause actual results to vary significantly. These risks
include, but are not limited to: the effect of global economic
conditions in general and conditions in M-Systems' industry and target
markets in particular, shifts in supply and demand, market acceptance,
the impact of competitive products and pricing, product development,
commercialization and technological difficulties, and capacity and
supply constraints including dependence on flash component suppliers;
changes in M-Systems' and its customers' inventory levels and
inventory valuations; timely product and technology
development/upgrades and the ability to manage changes in market
conditions as needed; market acceptance of new products and continuing
product demand; the impact of competitive products and pricing on
msystems' and its customers' products and markets; the development,
release and sale of new products by strategic suppliers and customers;
the development and growth of anticipated markets for M-Systems' and
its customers' products; and other risk factors detailed from time to
time in M-Systems' filings with the Securities and Exchange
Commission. M-Systems assumes no obligation to update the information
in this press release and disclaims any obligation to publicly update
or revise any such forward-looking statements to reflect any change in
its expectations or in events, conditions, or circumstances on which
any such statements may be based, or that may affect the likelihood
that actual results will differ from those set forth in the
forward-looking statements. Reference to M-Systems' website above does
not constitute incorporation of any of the information thereon into
this press release.