BATM Advanced Communications Ld
6 November 2000
BATM Advanced Communications Limited
BATM is pleased to announce the sale of its investment of 354,800
shares in Shiron Satellite Communications, an Israeli corporation
engaged in research and development into satellite communication
products, for $4.2M in Cash. BATM expects to realise capital gain
of approximately $1.3M net of taxes.
For further information please contact: www.batm.com
BATM 00 972 3 938 6888
Dr Zvi Marom, Chief Executive
Dresdner Kleinwort Benson 020 7623 8000
Mark Smith
Shore Capital and Corporate Limited 020 7408 4090
Graham Shore
Golin/Harris Ludgate 020 7253 2252
Edward Macquisten