SOURCE: NASDAQ

May 31, 2005 10:30 ET

Medis Technologies Ltd. [MDTL] Chairman & CEO and President to Ring The NASDAQ Stock Market Opening Bell

-- (MARKET WIRE) -- May 31, 2005 --


What:

Robert K. Lifton, Chairman & CEO & Howard Weingrow, President of Medis Technologies Ltd. (NASDAQ: MDTL) will preside over the opening bell.

Medis Technologies has developed the only commercially viable fuel cell product for the consumer market, aimed at satisfying the growing demand for battery power for portable electronic devices. The Medis Power Pack is able to charge a broad array of portable devices -- cell phones, MP3s, digital cameras and electronic games, providing the equivalent of 20 hours of talk time (5-6 charges of the device battery). The Power Pack is planned to be available on the market at the end of this year in limited quantities and carry a retail price of $12 to $19.99 depending on the sales outlet. In addition, through a marketing relationship with General Dynamics Corp, Medis is offering its Power Pack and other fuel cell products to the U.S. armed forces and homeland securities. Medis has also developed the CellScan System which enables pre-testing of proposed chemotherapies on a patient's cancer cell to determine whether the cell is responsive to the particular chemotherapy. Medis has other products in development as well.

Where:

NASDAQ MarketSite -- 4 Times Square -- 43rd & Broadway -- Broadcast Studio

When:

Wednesday, June 1st, 2005 at 9:30 a.m. EDT

Feed Information:

The opening bell is available from 9:20 a.m. to 9:35 a.m. on uplink IA-5 C-band/transponder 14. The downlink frequency is 3980 horizontal; audio: 6.2/6.8. The feed can also be found on Waterfront fiber 1623. If you have any questions, please contact Stephanie Lowenthal at (646) 441-5220.

Photos:

To obtain a hi-resolution photograph of the Market Open, please go to http://www.nasdaq.com/reference/marketsite_events.stm and click on the market open of your choice.

Contact Information