HADERA, Israel, March 14, 2005 (PRIMEZONE) -- Malers Automation and Control Ltd. ("Malers") today announced the successful completion of the reverse merger with Global Explorations Inc. Malers' management team is now in full control of the new company. The company's trading symbol is (Pink Sheets:GXXL).
"We are pleased that our reverse merger was completed in a timely fashion," notes Ronen Luzon, CEO of Malers. "We look forward to keeping the investing public up to date on our activities and help our stockholders realize significant value in their investments."
Malers Automation and Control Ltd. is an Israeli systems company that develops, manufactures, sells and maintains automation and control systems for industrial applications. The Company produces turn-key systems that replace labor intensive, error prone and costly manual production and monitoring functions. Since the Company's inception in 1996, Malers' custom designed systems have been installed in major industrial applications worldwide. Their systems offer centralized and remote control of complex manufacturing processes, and data collection and analysis systems.
For more information, please contact Ronen Luzon, at 011-972-54-477-5656 or invest@malers.com, or visit us on the Web at www.malers.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.