EXHIBIT A
KOOR INDUSTRIES LTD.
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OFFICE OF LEGAL COUNSEL
21 Ha'arba'a Street
Tel Aviv 64739
Israel
Tel: 972-3-6238420
Fax: 972-3-6238425
December 7, 2000
The Securities Authority The Tel Aviv Stock The Registrar of Companies
22 Kanfei Nesharim St. Exchange 97 Yafo St.
Jerusalem 95464 54 Ahad Ha'am St. Jerusalem 91007
Tel Aviv 65202
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Fax: 02-6513940 Fax: 03-5105379
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Dear Sirs,
Re: Immediate Report (NO. 60/2000)
Koor Industries Ltd. (Company No. 52-001414-3)
Koor Industries Ltd. (hereinafter: "Koor") hereby announces as follows:
Yesterday evening Koor received notice from Telrad Networks Ltd. - a wholly
owned subsidiary of Koor - (hereinafter: "Telrad"). According to the notice
Telrad has, yesterday at noon, completed a transaction with Cisco Systems INC.
(hereinafter: "the Foreign Investor"), in which the Foreign Investor has
invested an amount of $15 million in a wholly owned subsidiary of Telrad - Be
Connected LTD.
Be Connected Ltd. specializes in next generation access systems - IMAP.
Yours Sincerely,
Shlomo Heller, Adv.
Legal Counsel
