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Jun 27, 2001

BreezeCOM To Begin Trading On the Tel Aviv Stock Exchange



TEL AVIV, Israel--June 27, 2001--BreezeCOM Ltd. (NASDAQ: BRZE) today announced that it has listed its shares for trading on the Tel Aviv Stock Exchange (TASE). Trading will begin during July 2001.

The dual listing will enable Breezecom to take advantage of changes in Israeli law that simplify the listing process for companies which are also traded on Nasdaq, the American Stock Exchange, or the New York Stock Exchange. The law enables companies to list easily with minimal incremental costs.

The dual listing will provide access to Israeli and international investors who currently do not or cannot trade U.S. shares because of various restrictions, high costs, time differences, or technical difficulties. The advantages of a dual listing include a near-continuous trading day and low-cost order execution on the Tel Aviv Continuous Trading (TACT) system.

About BreezeCOM
BreezeCOM is the leading provider of broadband wireless access (BWA) solutions used by service providers and enterprises. Its products provide a wireless alternative to wired access solutions, such as DSL and cable modems, and facilitate indoor and outdoor, as well as fixed and mobile wireless LAN connectivity. BreezeCOM products are based on a packet switching point-to-multipoint wireless platform, optimized for high-speed Internet and intranet access. Core technologies include spread spectrum radio, digital signal processing, modems, networking protocols and VLSI. On April 5, 2001, BreezeCOM entered into an agreement and plan of merger with Floware Wireless systems Ltd., pursuant to which, upon satisfaction of certain conditions, Floware will merge into BreezeCOM. For more information on BreezeCOM, please visit www.breezecom.com.

 


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