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Malers Automation and Control Completes Reverse Merger with Global Explorations Inc. via COMTEX
March 14, 2005
Merger Leads to New Business Direction of Automation and Control for Industry
HADERA, Israel, Mar 14, 2005 (PRIMEZONE via COMTEX) --
Malers Automation and Control Ltd. ("Malers") today announced the successful completion of the reverse merger with Global Explorations Inc. Malers' management team is now in full control of the new company. The company's trading symbol is (Pink Sheets:GXXL).
"We are pleased that our reverse merger was completed in a timely fashion," notes Ronen Luzon, CEO of Malers. "We look forward to keeping the investing public up to date on our activities and help our stockholders realize significant value in their investments."
Malers Automation and Control Ltd. is an Israeli systems company that develops, manufactures, sells and maintains automation and control systems for industrial applications. The Company produces turn-key systems that replace labor intensive, error prone and costly manual production and monitoring functions. Since the Company's inception in 1996, Malers' custom designed systems have been installed in major industrial applications worldwide. Their systems offer centralized and remote control of complex manufacturing processes, and data collection and analysis systems.
For more information, please contact Ronen Luzon, at 011-972-54-477-5656 or invest@malers.com, or visit us on the Web at www.malers.com.
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Malers Automation and Control Signs Strategic Alliance With Russian Partner via COMTEX
March 15, 2005
Oil Refineries in Eastern Europe to be Targeted
HADERA, Israel, Mar 15, 2005 (PRIMEZONE via COMTEX) --
Malers Automation and Control Ltd. ("Malers") (Pink Sheets:GXXL) today announced that it has signed a strategic partnership agreement with Automatic Service, a privately held company located in Ryazan, Russia.
Automatic Service is also in the automation and control business, though they have been concentrating in different markets than Malers. The new alliance is expected to join competencies and technological advantages in going after much larger contracts. Malers and Automatic Service have targeted the oil refinery industry in Eastern Europe in particular, where significant advantages can be offered to major potential customers. Other vertical markets will be pursued internationally, as well.
"We welcome this new alliance with Automatic Service," notes Ronen Luzon, CEO of Malers. "They have a talented team that works well with our group, which is key to offering greater value to our customers. As a result, we are confident that we will successfully compete for new and larger business opportunities."
Malers expects to sign additional strategic partnerships over the coming year in an attempt to build the Company's international presence, leveraging on its years of experience with industrial customers.
About Malers
Malers Automation and Control Ltd. is an Israeli systems company that develops, manufactures, sells and maintains automation and control systems for industrial applications. The Company produces turn-key systems that replace labor intensive, error prone and costly manual production and monitoring functions. Since the Company's inception in 1996, Malers' custom designed systems have been installed in major industrial applications worldwide. Their systems offer centralized and remote control of complex manufacturing processes, and data collection and analysis systems.
For more information, please contact Ronen Luzon, at 011-972-54-477-5656 or malers-a (@) malers.com (please remove brackets and spaces) or visit us on the Web at www.malers-automation.com.
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