WizCom Technology launches the new Quicktionary®2 Kanji - Portable Japanese reader for WW distribution

Corporate news announcement processed and transmitted by Hugin ASA. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- -------------- WizCom Technology launches the new Quicktionary®2 Kanji - Portable Japanese reader for WW distribution The product was jointly developed with Japan 21 (Wizcom distributor in Japan) Tokyo, June 23, 2008 - WizCom Technologies Ltd. (WizCom) (Prime Standard: WZM, IL 0010830706), a global provider of portable, handheld scanning and translating Pens that enable and enhance reading-related activities and business productivity, announced today in a press conference in Tokyo the launch of its new product, the Quicktionary 2 Kanji Reader that scans Kanji and translates the words into English or Japanese. The company intends to sell the product in Japan and around the globe including to worldwide community of Japanese language students. Orders for the new products have already been received from Sweden, the UK, and other European distributors as well as from Far East countries including Hong Kong, China and Taiwan. Japan 21 Inc. (Shibuya-ku, Tokyo, www.japan21.co.jp ) that hosted the press conference in Tokyo already started to sell the product in Japan on April 10th. and has obtained a great media attention from TV and Radio stations, Magazines and Internet news portals. The WW retail price of the new product is $279 (29,800 Yen in Japan) excluding tax... According to Michael Kenan, CEO of Wizcom Technologies "There are many good dictionary platforms available today, such as books, PC based dictionaries, web-based dictionaries and electronic devices, however, none of the conventional dictionary platforms have the easy-to-use input method WizCom has developed for defining Kanji character strings if a user is not familiar with the Kanji text he is reading". Amir Berenson, Wizcom VP for Business Development and Sales, participated in the press conference in Tokyo. He emphasized to the audience that "the Quicktionary2 Kanji Reader Pen addresses a major challenge to non-Japanese students by giving them a fast and easy way to understand and translate Kanji to English via a simple scan of the words and idioms. A case study was done in the Hebrew University of Jerusalem last month, using Japanese language students who were handed the product after a fifteen minute basic introduction to the Pen. The response to the Pen as compared to the current products available was simple overwhelming. The students noted that the Quicktionary2 Kanji was more accurate, quicker and easier to use, with a more intuitive user interface that any of the products they were currently using". The product has been welcomed by Wizcom distributors around the globe. The multiple dictionaries available on the Pen serve the needs of not only Japanese language students but the wider Japanese community as well, as the Pen not only translates from English to Japanese and vice-versa, it also contains a built-in Japanese to Japanese dictionary. The product supports all 2,000+ Japanese daily-used Kanji characters and is suitable for all Japanese readers, from primary school age to senior citizens who do not like to use standard dictionary platforms. This product is very suitable for people who can speak Japanese but are unable to read it because of the Kanji barriers. It has taken more than two years of joint development efforts between Wizcom Technologies in Israel and Japan21 linguists to implement the Japanese OCR and dictionary databases into the product. "Language always developed before technologies and technologies always need to absorb unreasonable language requirements", said Mr. Mike Kato, CEO of Japan21. The Quicktionary2 Kanji Reader's key features are: - World-first Japanese OCR and Japanese dictionary combination in a portable platform - Three dictionary databases from very popular Sanseido Daily Concise dictionary series - Unique algorithm to manage Japanese OCR problems arising from the combination of three characters sets - Unique algorithm to divide Japanese strings into corresponding word segments - English OCR for English to Japanese and Japanese OCR for Japanese to Japanese and Japanese to English - Horizontal and vertical mode for Japanese scanning - Text-to-speech for English words and idioms For additional information regarding WizCom Technologies, please visit www.wizcomtech.com. About WizCom Group WizCom Technologies Ltd. is the world's leading producer of personal, portable scanning Pens that enable and enhance reading-related activities, text processing and business productivity. These pocket-sized, user-friendly devices enable people to understand and use printed material, anytime and anywhere, without disrupting their reading process. Our Pens are an invaluable support tool for students of English as a first or second language, as well as people working in multilingual environments, enhancing their fluency and accelerating reading comprehension. Ligature Ltd. is a world-leading developer of Optical Character Recognition (OCR) technologies and applications. The company offers an 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: SCHWARZ Financial Communication Frank Schwarz Investor Relations Germany Phone +49-611-174539811 Fax +49-611-174539829 schwarz@schwarzfinancial.com --- 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, 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;