Emblaze Ltd. (LSE:BLZ)                             

                         ("Emblaze" or "the Company")                          

 

                          Clarification Announcement                           

Ra'anana, Israel - 1 May 2009: Further to the Company's results announcement of
30 April 2009, the Company wishes to clarify that as reflected in its released
accounts, the Company's consolidated net assets for the years ended 31 December
2007 and 31 December 2008 were $151.1 million and $126.6 million respectively
and the consolidated total assets for the years ended 31 December 2007 and 31
December 2008 were $695.2 million and $639.3 million respectively. 

 

 

 

Enquiries:

Emblaze Ltd                                     
                                                
Hagit Gal                    +972 9 7699302/ 339
                                                
                                                
                                                
Corfin Communications                           
                                                
Harry Chathli, Victoria Ward +44 (0)20 7977 0020
                                                

 

 

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