WORLDGROUP TENDER OFFER FOR ROBOMATIX
EXTENDED TO AUGUST 8, 2005
TEL AVIV, Israel, July 27, 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 8,
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 resolved the comment of the staff of the U.S. Securities and
Exchange Commission that caused the prior extensions of the expiration date of
the offer, and today is filing a Second Amended Offer to Purchase and mailing it
to the shareholders of Robomatix. WorldGroup is extending the expiration date of
the offer to August 8 to allow time for Robomatix shareholders to receive and
read the Second Amended Offer to Purchase.
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 26,
2005, approximately 14,254,265 Robomatix shares had been validly tendered and
not withdrawn pursuant to the offer, and no notices of guaranteed delivery had
been submitted. The tendered shares represent approximately 88.17% 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.