Exent Technologies Ltd. Files Preliminary Prospectus for an Initial Public Offering



    TEL AVIV, ISRAEL, October 25 /CNW/ - Exent Technologies Ltd. ("Exent")
today announced that it has filed a preliminary prospectus with the securities
regulatory authorities in each of the provinces of Canada in connection with a
proposed initial public offering of common shares of Exent.

    The proceeds of the offering will be used to pursue research and
development activities designed to expand and support Exent's product lines
and services; for expanding its sales and marketing activities, increasing its
market coverage, expanding geographically and entering new markets; for
intellectual property related activities (including licensing and acquisition
of intellectual property) and for working capital and general corporate
purposes, including acquisitions of complementary businesses, products and
technologies.

    The offering is being underwritten by a syndicate of underwriters led by
GMP Securities L.P., and including Canaccord Capital Corporation, Genuity
Capital Markets G.P. and Raymond James Ltd.

    Exent has applied to list its common shares on Toronto Stock Exchange
("TSX"). Exent has not received conditional approval for listing from TSX and
there is no assurance that such listing will be obtained.

    This press release is not an offer to sell or a solicitation of an offer
to buy common shares, nor shall there be any sales of the common shares in any
jurisdiction in which such offer, solicitation, or sale would be unlawful. The
common shares of Exent have not been and will not be registered under the
United States Securities Act of 1933, as amended, and may not be offered or
sold in the United States absent registration or any applicable exemption from
the registration requirement of such Act. In the State of Israel this press
release shall not be regarded as an offer to the public to purchase securities
under the Israeli Securities Law 5728 - 1968 ("ISL"). Exent has not and will
not take any action, which would require it to publish a prospectus in
accordance with, and subject to, the ISL.

    About Exent Technologies

    Exent is a global leader in developing and marketing software products
and services that enable the broadband-based delivery of video games known as
Games-on-Demand. Games-on-Demand services are designed to monetize the
extensive catalogue of video games that are no longer likely to generate
significant revenue through retail sales channels. This is achieved by a
broadband-based distribution of video games to end-users through paid
subscriptions and through free, ad-supported offerings. Exent markets and
sells its unique video game digital distribution platform and video game
advertising technologies directly and through channel partners to broadband
service providers and media companies that offer Games-on-Demand services to
their end-users. More information can be found at www.exent.com.




For further information:

For further information: The Bohle Company Derek Asato, 310-785-0515
ext. 201 derek@bohle.com

Organization Profile

EXENT TECHNOLOGIES LTD.

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