Item 11. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
The following table sets forth certain information as of February 21, 2007, with respect to the ownership of Common Stock by of more than five percent of any class of the Company's voting securities. None of our directors or officers owned any shares of our Common Stock as of such date.
Name and Address of Beneficial Owner
Common Stock Beneficially Owned
Percentage of Common Stock
Mr. Gil Stiss 41/13 Nahal Lachish St., Ashdod, Israel 77707
The stockholder holds an irrevocable proxy from the holders of an additional 1,950,000 shares of Common Stock to vote their shares on all matters submitted to stockholders. The selling stockholder disclaims any beneficial interest in the shares to which he holds a proxy.
(2)
The stockholder gave an irrevocable proxy to the stockholder referred to in footnote (1) to vote its shares on all matters submitted to stockholders.
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