Revenues increased by 63% to US$ 6.2 Million

WizCom Announces Results for First Half of 2007 Jerusalem, August 28th, 2007 - WizCom Technologies Ltd. ("WizCom") (Prime Standard: WZM, IL 0010830706), a global provider of handheld scan and translation tools, announces the financial results for the first half of 2007, reporting a dynamic revenue growth. Highlights for First Half of 2007 WizCom achieves record net income. Continued launch of the new generation products in the U.S. and U.K. retail markets. New exclusivity agreement signed with Hexaglot in Germany. The Board of directors appoints Roy Cohen as company's new CFO. Financial Highlights Sales in the first half of 2007 increased by 63% to $6.2 million, compared to $3.8 million in the first half of 2006. Gross profit in the first half of 2007 reached 39%, compared to 47% in the first half of 2006. Operating income in the first half of 2007 reached $381 thousand, compared to an operating income of $174 thousand in the first half of 2006, representing an increase of 119%. Net income in the first half of 2007 increased by 41% to $221 thousand compared to $157 thousand in the first half of 2006, and $157 thousand for the full year of 2006. Cash and cash equivalents as of June 30, 2007 was $824 thousand, compared to $1.2 million as of December 31, 2006. Net cash used in operating activities amounted to $224 thousand in the first half fiscal year 2007 compared to cash provided by operating activities of $363 thousand in first half fiscal year of 2006 and compared to cash provided by operating activities of $430 thousand as of December 31, 2006. Comments and Outlook Michael Kenan, CEO of WizCom Technologies, commented: "The first half of the fiscal year 2007 brought dynamic revenue growth to WizCom. WizCom was able to maintain the positive sales development of recent quarters, even though WizCom introduced a new 3rd generation line of products in some of the territories. So far it was introduced in the US retail market and displayed at important industry events, such as CES in Vegas (USA) and CeBIT in Hanover (Germany). It is planned to continue the expansion and introduction of the 3rd generation products all over the world. WizCom has signed an important exclusivity agreement with Hexaglot Holding GmbH in Germany. The exclusivity agreement is based on a minimum purchase of 30 thousand units a year, which equals to $3 million agreement a year. It is WizCom's main goals to continue in profound and expand the business in east Europe, Americas and Asia pacific. The way to do so is to continue the momentum of finding large entities and to sign new exclusivity agreements in other countries all over the world. In addition WizCom signed an agreement with 360 Management Group Inc. as a business partner in the commercial development and sale of the Quicktionary translation pen and the Info scan scanner pen in Canada. The revenue potential of the Canadian market has been estimated at half a million dollars per annum." WizCom undertakes extensive steps to invest also in other strategic important markets such as North and South America, key countries in Europe such as Russia and Poland, as well as Japan, by expanding both headcount capacity and marketing activities in those markets. WizCom's goal is to add at least two more exclusivity agreements until the end of fiscal year 2007. WizCom's financial statements for the first half and second quarter of fiscal year 2007 may be viewed at the Company's website: About Wizcom Group: WizCom Technologies Ltd. is the world's leading producer of personal, portable scanning pens that help people read and process text. These pocket-sized, user-friendly devices enable people to understand and use printed material, anytime and anywhere, without disrupting their reading process. Our pens help students of English as a first or second language, as well as people working in multilingual environments, enhancing their fluency and expediting reading comprehension. Ligature Ltd. is a world leader developer of Optical Character Recognition (OCR) technologies and applications. The company offers innovative approach to OCR based solutions for specialized markets partnering with OEMs, VARs and system integrators incorporating CharacterEyes into software applications and hardware products. Galil Microwaves Israel (2003) Ltd. is a third party manufacturer and assembler of electronic modules for microelectronic and microwave components. For further information please contact: WizCom Technologies Ltd. Roy Cohen, CFO 8B HaMarpe St. 97774 Jerusalem Israel Phone +972-2-5328222 SCHWARZ Financial Communication Frank Schwarz Investor Relations Germany Phone +49-611-174539811 --- End of Message --- WizCom Technologies Ltd. 8B Hamarpe St. Jerusalem WKN: 915856; ISIN: IL0010830706; Index: Prime All Share, TECH All Share; Listed: Freiverkehr in Börse Berlin Bremen, Freiverkehr in Börse Düsseldorf, Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg, Freiverkehr in Niedersächsische Börse zu Hannover, Freiverkehr in Bayerische Börse München, Freiverkehr in Börse Stuttgart, Prime Standard in Frankfurter Wertpapierbörse, Geregelter Markt in Frankfurter Wertpapierbörse;