19 March 2009

Emblaze Ltd 

('Emblaze' or 'the Company')

Result of EGM

The Board of Emblaze is pleased to announce that the resolution proposed at the Extraordinary General Meeting held yesterday, to remove the existing Directors was duly rejected by the vast majority of shareholders. 

Of the total votes cast, 66 per cent (57,703,025 votes) of shareholders voted in favour of the existing Board of Directors.

Naftali Shani, Chairman of Emblaze said 'The Board would like to thank the shareholders for their support and confidence in the current strategy. We are committed to working in the best interests of all shareholders and we will focus our activities on building shareholder value.'

Enquiries:

Corfin Communications       +44 (0)20 7977 0020

Harry Chathli, Alexis Gore, Victoria Ward

About Emblaze

Emblaze Ltd is a group of technology companies addressing both growth and innovation activities thus combining the stability of 'bread and butter' mature technology enterprises with 'high-risk / high-reward' investments in innovation. 

Our Growth arm includes Formula Systems (NASDAQ: FORTY and TASE: FORT), which harbors the following subsidiaries: Magic Software Enterprises Ltd. (NASDAQ & TASE: MGIC) develops, markets and supports composite application development and deployment platforms with a service-oriented architecture (SOA), including application integration and business process management (BPM), with existing and legacy systems; Matrix IT Ltd. (TASE: MTRX) is one of Israel's leading integration and information technology services companies, active in four principal areas: software solutions and services, software products, infrastructure solutions and hardware products, and training and assimilation.; Sapiens International Corporation N.V. (NASDAQ & TASE: SPNS) is a provider of IT solutions that modernize business processes to enable insurance and other companies to quickly adapt to changes; and nextSource Inc., designs, develops and implements web-based, high quality, innovative human capital management solutions.

Our Innovation arm includes Emblaze Mobile, a designer of advanced mobile devices; EMOZE, a provider of Push Email and synchronisation technology for mobile devices; and ZONE-IP (LSE: ZIP) (Emblaze V CON), a provider of wireless video communications technologies and conferencing solutions for operators and enterprise markets over IP networks. 

The Emblaze Group is traded on the London Stock Exchange (LSE: BLZ) since 1996. www.Emblaze.com