WizCom Technologies Ltd. /  / Ad hoc: Wizcom Technologies Releases H1 2010 Results processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement. 

Rosh Ha'ayin, August 24th, 2010 - Wizcom Technologies Ltd. ("Wizcom") (Prime
Standard: WZM, IL 0010830706), a leading global provider of handheld scanning
and translation tools, announces its results for the first six months of 2010.
Figures in this press release are according to US-GAAP and in US$ thousands.

Financial Highlights

  * Revenues for H1 of 2010 fell by 22% compared to H1 2009, from US$2,762 to
    US$2,155.
  * Gross margin for H1 of 2010 fell to 30%, compared to 39% for H1 2009.
  * An operating loss of US$767 was posted, as compared to a US$279 operating
    loss for H1 2009.
  * A net loss of US$1,177 was posted, compared with last year´s H1 net loss of
    US$203.
  * Total operating expenses for the first six months of 2010 went up by 5.6% to
    US$1,423 from US$1,347.
  * In accordance with FASB ASC 740 "Accounting for Income Taxes", formerly
    known as FASB Interpretation No. (FIN) 48, the Company reassessed its tax
    liabilities, leading to a non-cash exceptional charge of US$341 in tax
    expenses.
  * Basic and diluted net loss per common share was US$0.099, compared to
    US$0.017for H1 2009.
  * As of 30 June 2010, the Company had cash and cash equivalents of US$386, as
    compared to US$677 for 31 December 2009, representing a negative cash-flow
    of US$291, while net cash used in operating activities was a negative US$94.


For more Information, we refer to the press release and H1 2010 report.




[HUG#1439697]



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WizCom Technologies Ltd.
8B Hamarpe St. Jerusalem Israel

WKN: 915856;ISIN: IL0010830706;Index:Prime All Share,TECH All Share;
Listed: Freiverkehr in Börse Stuttgart,
Freiverkehr in Börse Berlin,
Freiverkehr in Börse Düsseldorf,
Freiverkehr in Bayerische Börse München,
Prime Standard in Frankfurter Wertpapierbörse,
Regulierter Markt in Frankfurter Wertpapierbörse;





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Source: WizCom Technologies Ltd. via Thomson Reuters ONE