WizCom Technologies Ltd. / Teliran Submits Counterclaim against Wizcom processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement. 

Rosh Ha'ayin, July 15, 2010 - Wizcom Technologies Ltd. (Prime Standard: WZM, IL
0010830706) informs, that it has received a counterclaim submitted by its former
sole supplier Teliran 1993 Ltd. ("Teliran") to pay NIS 6.1 million (approx. USD
1.6 million) for unpaid shipments and costs of undelivered supplies. De facto,
WizCom has decided to hold back payments in the amount of NIS 2.9 million
(approx. USD 0.75 million) as a lawful set-off and in an effort to minimize its
losses resulting from Teliran's continuous breaches of its supply contract with
Wizcom, which are the subject of the claims of the Company against Teliran for
damages of NIS 10,000,000 (approx. USD 2.6 million). In addition, Wizcom
believes that these holdbacks were also subject to Teliran's over-billing and
violation of the prevailing supply agreements, and therefore are in fact
substantially lower. The counterclaim shall be resolved together with Wizcom's
original claim, and in light of the above, the management and legal advisors of
the Company believe that the Company shall not be obligated to actually pay any
additional amounts as a result of this counterclaim.




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#1432031]



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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;


    Press Release as PDF: http://hugin.info/130210/R/1432031/378316.pdf



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