Malers Automation and Control sees E. European sales in excess of $2 million

HADERA, Israel, April 6, 2005 (PRIMEZONE) — Malers Automation and Control Ltd. (“Malers”) announced that the Company, through new partnerships in Eastern Europe, will generate sales in excess of $2 million dollars.

“The relationship with our Russian partners, Automatic Service, is proving to be quite effective,” says Ronen Luzon, CEO of Malers. “We have identified several vertical markets throughout Eastern Europe where we can generate high demand for our systems and our new PLC-SER (Programmable Logic Controller-Sequence Event Recorder). We project sales in excess of $2 million for the coming 18 to 24 months. Once we have sufficiently opened these new distribution channels, we intend to take a similar tact in other parts of the world.”

The companies are currently in the final stages of negotiations with distributors in the target markets, where timing is now of the essence. Eastern Europe has a wealth of industries, the majority of which are in need of overhauling or modernization. They will first target the most critical industries, such as power plants and oil refineries. Malers will work closely with Automatic Service and the new distributors to ensure that the Company maximizes its revenues in this region.


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