November 2010

Sale of Company's entire holding (49.2%) in Formula Systems to Asseco Poland S.A. for a cash consideration of US$139,138,400.

August 2007

Private Placement completed for group company Matrix in an amount of approx. $US60 through the issuance of unlisted bonds to institutional investors in the Tel-Aviv stock exchange. The bonds were twice over-subscribed for.

June 2007

Private Placement completed for group company Sapiens International Corporation in an amount of approx. $US20 led by institutional investors and by the Formula Group at a price per share representing 12% premium to market price.

June 2007

Sale of BluePhoenix Solutions Ltd. (NASDAQ: BPHX) to international institutional investors
Consideration: $64M in cash (approx. $6M net gain for the Group).

May 2007

Scale Down of the Emblaze Mobile distribution and trading business as a result of the unresolved industry wide VAT refunds dispute with UK’s HMRC, which drove the trading and distribution business of Emblaze Mobile into cash burn and growing losses, thus rendering it economically impossible to continue to operate the business.

November 2006 -March 2007

Increase of holding in Formula Systems (1985) Ltd from 33.4% to 50.1%. Emblaze to consolidate the Formula results with the rest of Group’s activities from the second quarter of 2007.

November 2006

Acquisition of 33.4% of the issued and issued share capital of Formula Systems (1985) Ltd from FIMGold Limited Partnership for the purchase price of $70,500M.

July 2006

Reversed takeover and re-admission of Ki-Bi Mobile Technologies. Ki-Bi acquired Emblaze VCON and changed its name to Zone-IP Ltd.

April 2006

Unveiling emoze, the world’s first free Push-Email service for ANY device.

March 2006

Sale of the Group’s entire holding in Adamind through placing to institutional investors
Consideration: $33M in cash (approx. $16.8M net gain for the Group).

November 2005

Acquisition of strategic interest (51%) of Global Telecoms Distribution plc by Emblaze Mobile Ltd.

May 2005

Admission of KiBi Mobile Technologies Ltd. to the Alternative Investment Market of the London Stock Exchange
Market capitalization: $38M
Net proceeds: $17M

May 2005

Admission of Visual Defence Inc. to the Alternative Investment Market of the London Stock Exchange
Market capitalization: $86M
Net proceeds: $32M

April 2005

Merger of Emblaze Defence with Canadian Girit Projects Inc. and AVLogic Inc. to create Visual Defence Inc. as a global leader in visual security solutions over wireless and fixed IP networks.

February 2005

Admission of Adamind Ltd. to the Alternative Investment Market of the London Stock Exchange
Market capitalization: $90M
Net proceeds: $26M

January 2005

Acquisition of 180,795 series B  convertible preferred shares of KiBi Mobile Technologies Ltd.

November 2004

Merger of Emblaze Transcoding with the Transcoding business of Philips to create Adamind Ltd., a global leader media adaptation software provider.

October 2004

Admission of Orca Interactive Ltd. to the Alternative Investment Market of the London Stock Exchange
Market capitalization: $62M
Net proceeds: $22.3M

September 2004

Acquisition by Emblaze Mobile Ltd. (a wholly owned subsidiary of Emblaze Ltd.) of the majority interest (60%) in Korean mobile phone factory, Innostream Inc.

July 2004

Sale of Emblaze Semiconductor (f.k.a Zapex Research Ltd.) to Zoran.
Consideration: $54.2M in cash

July 2002

Acquisition of UCnGO Inc. & UCnGO 2000 Ltd. for $3.6M in cash and stock

March 2002

Acquisition of 100% of the share capital of Alphacell Wireless 2001 Ltd. by Emblaze Systems Ltd. from Poalim Investment Ltd. & Leader Holding and Investments Ltd.

June 2001

Joint Venture between Emblaze Systems Ltd., Poalim Investment Ltd. & Leader Holding and Investments Ltd. to form Alphacell Wireless 2001 Ltd.

August 2000

Acquisition of Zapex Research Ltd.
Valuation: $55M in stock

April 2000

Acquisition of Orca Interactive Ltd
Valuation: $33.2M in stock

January 2000

Private placing - GEO Interactive Media Group Placing of 10M ordinary shares
Valuation: £221M

June 1998

Admission of GEO Interactive Media Group to the London Stock Exchange (main listing).
Valuation: £23.1M

October 1996

Admission of GEO Interactive Media Group to the Alternative Investment Market of the London Stock Exchange
Valuation: £100M