WORLDGROUP TENDER OFFER FOR ROBOMATIX
EXTENDED TO AUGUST 1, 2005
TEL AVIV, Israel, July 21, 2005 -- WorldGroup Holdings Ltd., a public Israeli
company traded on the Tel Aviv Stock Exchange, announced that it has extended
the expiration date of its tender offer for Robomatix Technologies Ltd. (OTC
Bulletin Board: RBMXF) until 5:00 pm New York City time on Monday, August 1,
2005, unless further extended. WorldGroup is offering to purchase all of the
outstanding shares of Robomatix at $1.00 per share in cash, less any withholding
taxes due.
WorldGroup has extended the expiration date of the offer to allow time to
resolve a comment raised by the staff of the U.S. Securities and Exchange
Commission on the Schedule TO/13E-3, and amendments thereto, filed by WorldGroup
and the other members of its bidder group.
WorldGroup has been advised by American Stock Transfer & Trust Company, the
Depositary for the tender offer, that as of the close of business on July 20,
2005, approximately 14,254,265 Robomatix shares had been validly tendered and
not withdrawn pursuant to the offer, and notices of guaranteed delivery had been
submitted for an additional 140,101 shares. The tendered shares and noticed
shares represent approximately 89.038% of the total outstanding shares.
WorldGroup has filed a Tender Offer Statement on Schedule TO/13E-3 with the U.S.
Securities and Exchange Commission which, as amended to date, contains the Offer
to Purchase, the form of letter of transmittal and other documents relating to
the transaction. Robomatix has filed a Solicitation / Recommendation Statement
on Schedule 14D-9 relating to the transaction. These documents, as amended from
time to time, contain important information about the transaction, and
shareholders of Robomatix are urged to read them carefully. You may access these
documents at the website maintained by the U.S. Securities and Exchange
Commission at www.sec.gov.