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Aryt Industries Ltd. - Subsidiary Ceases Activities.

Publication: Business Wire
Publication Date: 01-MAY-02
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Business Editors, Technology Writers

TEL-AVIV, Israel--(BUSINESS WIRE)--May 1, 2002

Aryt Industries Ltd. (OTCBB:ARYTF) announced today that on April 28th, 2002 the board of directors of ElscinTec Systems Ltd. ("ElscinTec"), a subsidiary of the Company, decided to cease its activities due to its financial condition and failure to raise additional...

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