Wizcom Technologies Ltd. / / Ad hoc: Wizcom Technology Ltd. Files for Insolvency . Processed and transmitted by Thomson Reuters ONE. The issuer is solely responsible for the content of this announcement.

Rosh Ha'ayin,  February 09, 2012 - The Board of Directors of Wizcom Technologies Ltd. (Prime Standard: WZM, IL 0010830706) informs that the Company has filed for insolvency  at the court, as the Company has not been able to solve its liquidity issues. The Board expects that the court will nominate an administrator for Wizcom Technologies Ltd. As public administration in Israel is on strike today, no decision has been received from the court as yet.

Board and Management will inform shareholders about further developments as and when material information becomes available.

For further information, please contact:

Wizcom Technologies Ltd. Tiran Fartouk, CEO 13 Hamelacha St. Rosh Ha'ayin, 48091, Israel Phone 972-3-9103330 tiran@wizcomtech.com

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

End of Message

Wizcom Technologies Ltd. 13 Hamelacha St. Rosh Ha'ayin 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;

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Wizcom Technologies Ltd. via Thomson Reuters ONE

[HUG#1584110]