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www.fdanews.com/articles/61645-insightec-raises-15m-defers-ipo

INSIGHTEC RAISES $15M, DEFERS IPO

August 11, 2006

Sources inform '"Globes'" that Elbit Medical Imaging has deferred the IPO of its subsidiary, medical device company InSightec. Elbit Medical Imaging, a subsidiary of Mordechai (Motti) Zisser's Europe Israel (M.M.S.) Ltd. Elbit Medical Imaging planned to float InSightec on Wall Street at a company value of at least $500 million, but the underwriters gave the company a much lower valuation. Globes Online (http://www.globes.co.il/serveen/globes/docview.asp?did=1000121584&fid=942)