BackWeb Technologies Ltd. (fka BWEBF)

[savin4college]

Update on Delisting - move to OTC BB:

http://www.backweb.com/aboutus/stock_listing_letter.cfm

January 26, 2007

Dear BackWeb Shareholders:

As anticipated in our January 17, 2007 announcement, BackWeb’s ordinary shares were delisted from the Nasdaq Capital Market at the close of business on January 25th. It is our intention to facilitate the listing of our ordinary shares on the OTC Bulletin Board. To accomplish this goal, BackWeb has secured sponsorship from a market maker (Finance 500, based in Irvine, CA) which has filed a Form 211 in accordance with SEC Rule 15c2-11. The Form 211 filing, which can only be made by a market maker, was submitted to the NASD by Finance 500 on January 24th. We are very grateful for their support in this process.

The filing must be reviewed and cleared by the NASD for BackWeb’s Ordinary Shares to become eligible for trading on the OTC Bulletin Board. BackWeb expects, but cannot be certain, that its shares will be cleared for trading on the OTC Bulletin Board (OTC BB) in the near future. BackWeb believes, but cannot be certain, that such trading on the OTC BB would take place under the symbol “BWEB.”

In the interim, the Company believes there is the potential for some trading activity in BackWeb’s shares on the “Other OTC” market, under the symbol BWEBF or possibly BWEBF.PK. Despite the “PK” reference which appears in certain market sources, we are not aware of any formal application to list BackWeb’s shares on the “Pink Sheets” market.

We appreciate your support and patience through this process and plan to update you as soon as any new information becomes available.

Sincerely,


Bill Heye
CEO