relevant info since Q3 figures (Nov 27th) till now

Electronics Line Holding Company founder Abraham Krubiner and his twin sons, chairman Gad Krubiner and substitute chairman and CEO Dan Krubiner, own 28% of the company. If they sell their shares, Discount Investment Corporation (TASE:DISI), the second largest shareholder, will probably also sell.

Discount Investment, which owns 20% of Electronics Line, recently tried to sell its stake to a number of investment concerns. These efforts were defeated by the refusal of the Krubiner family to join the deal.

If the deal goes through, it is expected to reflect a company value for Electronics Line of NIS 225 million, 15% higher than the market price. An Electronics Line spokesperson said in response, “No negotiations are taking place for the sale of the controlling shareholders’ stake, and they do not wish to sell their shares.”

Gmul, which declined to respond to the report, owns 20% of Crow Technologies, which also manufactures electronic security equipment.

Despite a 34% rise this year, at its current price of NIS 24 the Electronics Line share still trades at less than half its value of two years ago, when the Krubiner family sold 15% of the company to Argyle Investment Managers of the US, headed by Hearst-Argyle Television chairman Bob Marbut and former Minister for Economic Affairs to North America Ron Chaimovski.

Published by Globes [online] - www.globes.co.il - on December 24, 2003




Dec 27th 2003:


Clarification with Respect to Gmul´s Announcement

Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
--------------------------------------------------

Further to an announcement of Gmul Investment Company Ltd, saying: Following
publication in the Israeli press about a possible purchase of Electronics Line
shares by Gmul, Gmul would like to clarify that Gmul, being an investment
company that evaluates potential investments in a line of assets and companies
in Israel and abroad, is initially evaluating a potential investment in
Electronics Line.
The Company was informed by members of the Krubiner family that they are

conducting initial non-binding contacts with several entities and are
considering various possibilities regarding the Company. At this stage there is
no certainty that any of these contacts will lead to any transaction.
Gmul Investment Company Ltd is an Israeli investment company traded on the Tel
Aviv stock exchange.

For further information:
Eli Pevzner CFO
Tel: +972-3-9181333
Email: investor@elecline.com


end of ad-hoc-announcement (c)DGAP 29.12.2003
--------------------------------------------------
WKN: 936734; ISIN: IL0003570129; Index:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hamburg, Hannover und Stuttgart




Jan 26th 2004




Security exports up 35% in 2003

The Ministry of Industry, Trade, and Labor will make a special allocation for promoting security exports to the US.

Hadas Manor    26 Jan 04   13:53  

The Ministry of Industry, Trade, and Labor will make a special $500,000 allocation for promoting security exports to the US over the next two years, in order to take advantage of the US Homeland Security procurement program established after the September 11, 2001 terrorist attacks in the US.
Israel Export and International Cooperation Institute chairman Shraga Brosh said today that security industry exports had jumped 35% to $600 million in 2003. He predicted a further rise of at least 20% in 2004, and said exports would reach $2 billion a year by 2010.

Brosh said, “The security and safety industry is now a gold mine for Israeli exports.” Global investment in the field will reach $1 trillion over the next decade, mostly in the US. In order to promote the industry, the Export Institute will soon embark on a project to help Israeli security companies penetrate the US market.

Export Institute figures show that 80 Israeli security companies were founded in the past year. Israel currently has 500 security companies, of which 300 are exporters, a 20% rise. 65 start-ups are active in the industry, 30% more than in 2002.

Twelve to fifteen Israeli security companies are expected to play a role in securing the Athens Olympic Games. The tenders are worth $150-180 million.

The Export Institute also plans to help Israeli security companies take part in the upgrading of ports in Italy, Singapore, and Hong Kong, following the US decision to increase port protection.

Published by Globes [online] - www.globes.co.il - on January 26, 2004



March 1st 2004:


Home security co Visonic to raise $20-25m on London Stock Exchange
The issue will be held at a company value of $90-100 million. Visonic posted $52.9 million revenue in 2003.
Avishay Ovadia  29 Feb 04   14:05


Visonic Group, a developer of home security and home control systems, plans to raise $20-25 million on the London Stock Exchange, at a company value of $90-100 million.
Visonic was founded 30 years ago by chairman Yaacov Kotlicki and his late brother, Moshe. The company posted a profit of $4.2 million on $52.9 million in revenue in 2003, compared with a profit of $2.7 million on $45.2 million in revenue in 2002.

The issue will be held in the coming weeks, and accompanied by investment bank Dawnay Day and brokerage Durlacher.

Published by Globes [online] - www.globes.co.il - on February 29, 2004





reminder: March 25th 2003:

Visonic acquires ELPAS in share swap
Smart home company Visonic will use ELPAS’s smart tags in its security products.
Gilad Nass  25 Mar 03   20:00

.................
.................
Visonic’s major competitor is Electronics Line, dual-listed on the XETRA and Tel Aviv Stock Exchange (TASE).
.................
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Marbut has been a refinery engineer and business systems analyst with Standard Oil and an aircraft maintenance officer in the Strategic Air Command. He holds an MBA from Harvard Business School and an engineering degree from Georgia Tech. He serves on the boards of Tracor, Tupperware and Ultramar Diamond Shamrock.


a reminder:
Nov. 27th 2003

The
participation of Argyle Global Opportunities in the Company, which
holds 15% of the Company, opens for Electronics Line 3000 new
potential opportunities in new market segments in the US, driven by
the strategic capabilities of the group of investors led by Bob
Marbut. Bob Marbut also serves as the CEO of Sectec Global Inc.,a
fully owned U.S. subsidiary of Electronics Line 3000 Ltd.

Dan Krubiner, CEO of Electronics Line (E.L.) Ltd. comments:
"Electronics Line 3000, led by Mr. Naftaly Sharir, is putting a lot
of effort into the development of our business in Europe and in the
U.S.A and as well in other attractive markets like China, Japan and
the pacific rim, while investing a lot in targeting new market
segments that can open interesting opportunities for our new product
lines. We have an experienced and skilful management team that
following the recent organizational changes is very well focused on
promoting Electronics Line 3000 into the future"






Please applaud for the fundmanagers!!!!!!!!!

DGAP-Ad hoc: Electronics Line Ltd. english Electronics Line : Conclusion of share sell transaction Ad-hoc-announcement processed and transmitted by DGAP. The issuer is solely responsible for the content of this announcement. -------------------------------------------------- Electronics Line : Conclusion of share sell transaction January 4th, 2002, Kiryat Arieh Israel, Electronics Line (E.L.) Ltd. hereby announces that in continuation to a previous ad-hoc release published on December 3rd, 2001, Argyle Global Opportunities L.P. (hereinafter 'Argyle') have concluded the transaction and purchased Electronics line's ordinary shares at a price of Euro 14.85. The paid share price is thus approximately 30% higher than the current share price on the Neuer Market and is close to the current share price on the TASE (Tel Aviv Stock Exchange). On December 28th, 2001 companies controlled by Abraham Krubiner, Gad Krubiner and Dan Krubiner (hereinafter 'the Sellers') have transferred to Argyle 1,207,500 Electronics Line's ordinary shares (of 1 NIS nominal value) which are 15% of the company's issued and outstanding shares capital. As appears in the agreement, the transaction was executed at an ordinary share price of Euro 14.85 and the total sum of the transaction is Euro 17.9 million. The sellers, companies controlled by Abraham Krubiner, Gad Krubiner and Dan Krubiner, interested shareholders and also directors and Co-CEOs of the company, held prior to the transaction directly and indirectly about 43.2% of the issued and outstanding shares capital of the company. With the conclusion of the transaction they will hold, directly and indirectly, about 28.2% of the company's issued and outstanding shares. The high potential contribution of Argyle as a strategic partner to Electronics Line's business development is the main driver for this transaction. Further information can be obtained from: Electronics Line Ltd. Eli Pevzner, CFO Phone: +972-3-921-1110 58, Amal Street, POB 3253 Fax: +972-3-921-1128 Kiryat Arieh, Petah Tikva E-mail: investor@elecline.com 49130 Israel Internet: www.investor.elecline.com end of ad-hoc-announcement (c)DGAP 04.01.2002 Issuer's information/explanatory remarks concerning this ad-hoc-announcement: January 4th, 2002 To: Electronics Line (E.L.) Ltd. 58 Amal Str. Kiryat Arieh, Petah Tikva Israel 49130 Dear Sirs/Madams, Further to our notification of December 3rd 2001 we hereby inform you that: In accordance to the agreement signed on December 2nd, 2001 (hereinafter 'the agreement'), Argyle Global Opportunities L.P. (hereinafter 'Argyle') have concluded the transaction and purchased Electronics line's ordinary shares at a price of Euro 14.85. The paid share price is thus approximately 30% higher than the current share price on the Neuer Market and is close to the current share price on the TASE (Tel Aviv Stock Exchange). On December 28th, 2001 companies controlled by Abraham Krubiner, Gad Krubiner and Dan Krubiner (hereinafter 'the Sellers') have transferred to Argyle 1,207,500 Electronics Line's ordinary shares (of 1 NIS nominal value) which are 15% of the company's issued and outstanding shares capital. As appears in the agreement the transaction was executed at an ordinary share price of Euro 14.85 and the total sum of the transaction is Euro 17.9 million. The sellers, companies controlled by Abraham Krubiner, Gad Krubiner and Dan Krubiner, interested shareholders and also directors and Co-CEOs of the company, held prior to the transaction, directly and indirectly, about 43.2% of the issued and outstanding shares capital of the company and after the transaction they hold, directly and indirectly, about 28.2% of the company's issued and outstanding shares. The seller's shares holdings changes are as follows: Krubiner Abraham Assets Ltd. Sold 281,748 ordinary shares for Euro 4.18 million, and now, after the transaction, holds 712,294 ordinary shares, which are about 8.85% of the company's issued shares capital. Krubiner Gad Assets Ltd. Sold 462,876 ordinary shares for Euro 6.87 million, and now, after the transaction, holds 530,915 ordinary shares, which are about 6.6% of the company's issued shares capital. Krubiner Dan Assets Ltd. Sold 462,876 ordinary shares for Euro 6.87 million, and now, after the transaction, holds 530,915 ordinary shares, which are about 6.6% of the company's issued shares capital. Argyle is a limited partnership registered in the State of Texas, U.S.A. Its single general partner is ARGO GP, L.P. also a limited partnership registered in Texas. The single general partner of ARGO GP, L.P. is ARGO Investors L.L.C., whose members are Bob Marbut and Ron Chaimovski (through an Israeli Company). The high potential contribution of Argyle, as a strategic partner, to Electronics Line's business development is the main driver for the transaction. Abraham Krubiner Gad Krubiner Dan Krubiner -------------------------------------------------- WKN: 936 734; ISIN: IL0003570129; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart

That's strange!

;)