Magal Security Systems Ltd. Announces the Date of Resignation of its CEO

Name	Symbol	Market	Type
-3x Short Magnificent 7 Etp	BIT:MAGS	Italy	Exchange Traded Fund

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%	12.81	12.912	13.012				0	14:12:21

Price Change

% Change

Price

Bid Price

Offer Price

High Price

Low Price

Open Price

Traded

Last Trade

0.00

0.00%

12.81

12.912

13.012

14:12:21

Magal Security Systems Ltd. Announces the Date of Resignation of its CEO

24/02/2009 1:00pm

PR Newswire (US)

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YAHUD, Israel, February 24 /PRNewswire-FirstCall/ -- Magal Security Systems Ltd. (NASDAQ GMS: MAGS, TASE: MAGS) today announced, that further to its announcement of November 10, 2008 regarding the resignation of its CEO, that the date for the actual resignation of its CEO has been fixed for February 27, 2009. Mr. Yoav Stern will serve as an acting CEO until the Board of Directors appoints a permanent CEO. 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. 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's shares trade in the U.S. on the NASDAQ Global Market and in Israel on the Tel-Aviv Stock Exchange (TASE) 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 Lian Goldstein Tel: +972-3-539-1444 Fax: +972-3-536-6245 E-mail: GK Investor Relations Ehud Helft/Kenny Green Tel: (US) +1-646-201-9246 Int'l dial: +972-3-607-4717 E-mail: DATASOURCE: Magal Security Systems Ltd CONTACT: Contacts: Magal Security Systems Ltd, Lian Goldstein, Tel: +972-3-539-1444, Fax: +972-3-536-6245, E-mail:; GK Investor Relations, Ehud Helft/Kenny Green, Tel: (US) +1-646-201-9246, Int'l dial: +972-3-607-4717, E-mail:

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