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

Financial Highlight
  * 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.

Operations

Mr Shimon Amouyal, CEO for Wizcom, stated, "As previously announced, the
conflict with our former supplier, Teliran (1993) Ltd., and the subsequent
transition to our new subcontractor, CAM Group, have severely impacted our
results for the second quarter of 2010. In addition to Wizcom's attempts to
recover funds related to over-payments for transactions with Teliran, we have
filed claims related to what we see as a violation of the relevant supply
agreements. The claims against Teliran and Mr. Ronen Elad personally add up to
around US$ 2.7 million (Euro 2.1 million). The positive news is that CAM Group
has now started shipping of finished products, which will enable us to boost
revenues in the coming months."

"Meanwhile, the Company has continued its efforts to expand and develop
distribution channels, among others through web-based sales. Furthermore, we are
looking to concentrate on key markets and key products. However, with the lack
of products to deliver, it is difficult to show the results of our efforts."

"Further structural changes include the appointment of a new Chief Operating
Officer at the beginning of the second half of 2010. Mr. Amihay Gantz, who was
VP of Operations for a major Isareli logistics company prior to joining Wizcom,
has the skills to improve our operations in order to turn Wizom profitable
again. In addition, we have strengthened our sales teams for Europe and North
America."

Outlook

Mr. Amouyal continued, "As the shipping of products from our new supplier have
just commenced, I am very much looking forward to put our focus again on the
main operations of Wizcom: selling our products.  In 2010 we faced unexpected
challenges that have had a significant impact on our ability to execute.  Now
these issues have been dealt with, we can focus our energies again on bringing
the Company back to a positive cash-flow.

"Our operating costs these past six months came in relatively high to revenues,
again mainly due to the delay in product shipments. For the remainder of the
year, we expect margins to show a strong improvement in line with the expected
boost in revenues now we can catch up with demand."

About Wizcom Group:

Wizcom Technologies Ltd. is the world's leading producer of personal, portable
scanning pens that help people read and process text. These pocket-sized,
user-friendly devices enable people to understand and use printed material,
anytime and anywhere, without disrupting their reading process. Our pens help
students of English as a first or second language, as well as people working in
multilingual environments, enhancing their fluency and expediting reading
comprehension.
Wizcom Technologies Inc, Boston, US-based entity, responsible for Wizcom Group
operations in the Americas.
Ligature Ltd. is a world leader developer of Optical Character Recognition (OCR)
technologies and applications. The company offers innovative approach to OCR
based solutions for specialized markets partnering with OEMs, VARs and system
integrators incorporating CharacterEyes into software applications and hardware
products.

Galil Microwaves Israel (2003) Ltd. is a third party manufacturer and assembler
of electronic modules for microelectronic and microwave components.

For further information, please contact:

Wizcom Technologies Ltd.
Shimon Amouyal, CEO
13 Hamelacha St.
Rosh Ha'ayin, 48091, Israel
Telefon +972-3-9103330
shimona@wizcomtech.com
http://www.wizcomtech.com


SCHWARZ Financial Communication
Frank Schwarz
Investor Relations
Telephone +49-611-1745-398-11
Schwarz@schwarzfinancial.com


[HUG#1439706]



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WizCom Technologies Ltd.
8B Hamarpe St. Jerusalem Israel

WKN: 915856;ISIN: IL0010830706;Index:Prime All Share,TECH All Share;
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