HADERA, Israel, March 16, 2005 (PRIMEZONE) -- Following the successful completion of the reverse merger with Global Explorations Inc., Malers Automation and Control Ltd. ("Malers") (Pink Sheets:GXXL) is taking this opportunity to provide a brief overview of the Company and its activities.
Even though Malers is located in Israel, the Company has been installing and servicing its automation and control systems in factories around the world for almost 10 years.
Co-founder and CEO of Malers, Ronen Luzon, comments, "We saw a convergence of our core technological and business skills with the growing needs in labor-intensive industries. In working with our customer base, we have accumulated volumes of knowledge and experience that we apply to each new system that we build. This translates into significant operational savings and greater profitability for our customers."
Malers is very thorough in its approach to systems. Turn-key automation and control systems for industrial applications are developed, manufactured and maintained by the Company. Malers' custom-designed systems become the heart of industrial processes, as much of the labor and controls are now replaced by their centralized and remote control systems.
Complex, process-intensive industries, where human error, data collection and analysis can be costly and burdensome -- such as pharmaceuticals, plastics and oil refineries, to name a few -- are ideal targets for Malers' systems. In fact, the Company has numerous such installations in various locations around the globe and continues to sell its systems to this market segment.
In an effort to further expand its operations and increase the Company's value, Malers will be forging relationships with strategic partners in Eastern and Western Europe who are able to make direct contact with potential European customers in specific target markets.
GXXL owns 100% of the shares of Malers Automation & Control.
For more information, please contact Ronen Luzon, at 011-972-54-477-5656 or malers-a (@) malers.com (please remove spaces and brackets) or visit us on the Web at www.malers-automation.com.
Forward-Looking Statements
Certain statements in this news release may contain 'forward-looking' information within the meaning of the Federal securities laws. All statements, other than statements of fact, included in this release may include forward-looking statements that may involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances or to reflect unanticipated events or developments.