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Corporate Ownership

The shares of CI Systems (Israel) Ltd. are traded on the Tel Aviv Stock Exchange (TASE) since 1993. The Company is presently owned by CI Technologies, Inc. (75%), with the remainder held by the public. Its main shareholders are Dr. Buckwald and Dr. Cabib, who are directors and employees of CI Systems (Israel) Ltd.

Key Consolidated Financial Results for 2004-2006
(US Dollars in Thousands)

   

2004

2005

2006

Revenues

10,866

11, 332

12,896

Gross Profit

5,421

5,194

5,452

Research & Development

1,019

960

999

Selling & Marketing

2,096

2,393

2,382

General & Administration

1,049

1,122

1,198

Financial (Expenses), Net

(62)

(2)

(98)

Other (Expenses) Income, Net

82

(109)

291

Net Income of CI before Loss of Discontinued Operation

948

378

1,015

Loss of Discontinued Operation – BEAMWORKS (sold in 2007)

(877)

(270)

(977)

Net Income after Loss of Discontinued Operation

71

108

38

Earnings (Loss) per Share

0.006

0.009

0.003

Total Shareholders’ Equity
(Year End)

6,429

6,537

6,579

*9 Months (Unaudited