Solbar Acquisition

ASHDOD, Israel—A group of investors lead by First Israeli Turnaround Enterprise (FITE) Ltd., the Mivtach Shamir Group and Mr. Ori Yehudai has purchased a 51-percent stake in Solbar Industries (www.solbar.com). As part of the acquisition deal, an investment of about $20 million (USD) was used to obtain all outstanding debentures (securities) previously issued by Solbar. Company management reported the investment has helped improve Solbar’s financial position and balance sheet. Sales of Solbar’s specialty soy proteins increased by more than 20 percent in 2006, compared with 2005 results. In addition to the new capital, the investors bring a wealth of experience to strengthen Solbar’s business results; and will also take an active role in the management of the company.