TEL AVIV, Israel and NEW YORK, Sept. 11, 2006 (PRIMEZONE) -- The Nasdaq Stock Market, Inc. (NASDAQ(r)) (Nasdaq:NDAQ) and the Tel Aviv Stock Exchange will host its first-ever joint Investor Program in New York on September 14th, 2006. Presentations will be made by the senior management of 10 companies from Israel, including 4 Tel Aviv Stock Exchange (TASE) listed companies, 2 NASDAQ listed companies and 4 dual listed companies on the two exchanges. These presentations will be webcast live at http://investors.nasdaq.com.
Representatives of Israeli companies at the conference will be:
Galia Maor, President of Leumi Bank Akiva Mozes, President and CEO of Israel Chemicals Joseph Ackerman, President and CEO of Elbit Systems Assaf Bartfield, President and CEO of Delek Group Yacov Rozen, Chief Financial Officer of Bank Hapoalim David Avner, Chief Operating Officer of Partner Communications Haim Shani, President and CEO of Nice Systems Kobi Rozengarten, President and CEO of Saifun Semiconductors Shlomo Dovrat, Chairman of ECI Telecom William Fletcher, Chairman of Teva North America Division of Teva Pharmaceutical Industries
Professor Stanley Fischer, Governor of the Bank of Israel, will give the opening address at the conference. "Cooperation between the Tel Aviv Stock Exchange and The Nasdaq Stock Market is important for the Israeli economy. It is a part of the integration of the local capital market with the international markets. An event of this nature will help expand the activities of foreign investors in the Israeli capital market and of local investors in global capital markets," he said.
"At NASDAQ, we are very proud of the quality and range of the services we offer all our listed companies. In this unique event with the TASE, we are delighted to be realizing the long-term commitment we have to the Israeli market by providing our Israeli companies with access to top institutional investors in the U.S. and by helping them increase their visibility in the U.S. capital markets," said Charlotte Crosswell, Head of NASDAQ International.
"The Tel Aviv Stock Exchange is excited to host this conference with NASDAQ. I believe the conference signals the beginning of long and fruitful relationship with NASDAQ and with the American investors," said Ester Levanon, CEO of the Tel Aviv Stock Exchange. "The TASE is a fully automated exchange that trades in stocks, derivatives, bonds and T-bills, and is easily accessed by international investors. Investors in TASE enjoy the best of both worlds, the advantages of a developing market alongside the sophistication and stability of a developed one."
The conference will be held at the Reuters Conference Suite, 3 Times Square, New York. Registration is from 8am.
The presentations will be webcast in real time on the internet sites of both stock markets: http://investors.nasdaq.com and www.tase.co.il/investors.
About NASDAQ
NASDAQ(r) is the largest electronic screen-based equity securities market in the United States. With approximately 3,200 companies, it lists more companies and, on average, trades more shares per day than any other U.S. market. It is home to companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology. NASDAQ is the primary market for trading NASDAQ-listed stocks. For more information about NASDAQ, visit the NASDAQ Web site at www.nasdaq.com or the NASDAQ Newsroom at www.nasdaq.com/newsroom/.
About Tel Aviv Stock Exchange
Founded in 1953, The Tel Aviv Stock Exchange operates at the heart of the Israeli economy. Combining the advantages of a sophisticated market with the opportunities of an emerging one, the TASE has a vast range of exciting possibilities to offer the global investment community.
Regulated by the Israel Securities Authority, the TASE provides a highly advanced platform for trading in shares, bonds, treasury bills and derivatives, along with the full range of market services. The TASE also offers clearing and data vending services and the calculation of indices. For more information. visit our web site at www.tase.co.il