Wizcom Technologies Ltd.: Wizcom Technologies Ltd. :Ad hoc: Wizcom Technology Ltd. Administrator Appointed

Wizcom Technologies Ltd. / / Ad hoc: Wizcom Technology Ltd. Administrator Appointed . Processed and transmitted by Thomson Reuters ONE. The issuer is solely responsible for the content of this announcement.

Rosh Ha'ayin, February 22, 2012 - Wizcom Technologies Ltd. (Prime Standard: WZM, IL 0010830706) announces that the Court of Petach Tikva has appointed attorney Mr. Gilad Harish as administrator of the Company. Mr. Harish has taken over all responsibilities from the Board of Directors and Management of the Company. The administrator is to sell all assets of the Company in order to satisfy claims from Wizcom's creditors, and subsequently to liquidate the Company.

Attorney Ms. Chanit Nov has been appointed by the Court as receiver for repayment of the convertible bond. Bondholders have a preferred creditor status.

For further information, please contact:

Wizcom Technologies Ltd.
Tiran Fartouk, CEO
13 Hamelacha St.
Rosh Ha'ayin, 48091, Israel
Phone [phone]
[e-mail]
http://www.Wizcomtech.com

SCHWARZ Financial Communication
Frank Schwarz
Investor Relations
Germany
Phone [phone]
[e-mail]

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Source: Wizcom Technologies Ltd. via Thomson Reuters ONE

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Wizcom Technologies Ltd.
13 Hamelacha St. Rosh Ha'ayin Israel

WKN: 915856;ISIN: IL0010830706;Index:Prime All Share,TECH All Share;
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