Magal Reports a Change in its Operational Structure by Merging its Two U.S. Based Subsidiaries YAHUD, Israel, April 4 /PRNewswire-FirstCall/ -- Magal Security Systems, Ltd. (NASDAQ NM:MAGS, TASE:MAGS) today announced that it is merging its two US subsidiary companies into one entity. The decision was made in order to better adapt its operations in the United States to developments in the US market, particularly those concerning the Department of Homeland Security. Therefore, Senstar-Stellar Inc. and Perimeter Products, Inc. will be merged into one company, to be called Magal-Senstar, Inc. Commenting on the pending merger, Mr. Jacob Even-Ezra, Chairman of Magal, said: "This merger will increase the ability of the Magal Group to market and sell its products in the United States and will also reduce our overhead expenses, leading to an increase in the efficiency of our US operations. The merger will create a larger entity and a significant market participant, which we believe will present a more competitive force in the US defense and homeland security markets." About Magal Security Systems, Ltd.: Magal Security Systems Ltd. (Magal) is engaged in the development, manufacturing and marketing of computerized security systems, which automatically detect, locate and identify the nature of unauthorized intrusions. Magal also supplies Video Monitoring Services through Smart Interactive Systems, Inc., a subsidiary established in the U.S. in June 2001. The Company's products are currently used in more than 70 countries worldwide to protect national borders, airports, correctional facilities, nuclear power stations and other sensitive facilities from terrorism, theft and other threats. Israeli-based Magal has subsidiaries in the U.S., Canada, the U.K., Germany, Mexico, Romania and an office in China. Magal trades in the U.S. on the NASDAQ National Market since 1993 and in Israel on the Tel-Aviv Stock Exchange (TASE) since July 2001 under the symbol MAGS. This press release contains forward-looking statements, which are subject to risks and uncertainties. Such statements are based on assumptions and expectations which may not be realized and are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual results, financial and otherwise, may differ from the results discussed in the forward-looking statements. A number of these risks and other factors that might cause differences, some of which could be material, along with additional discussion of forward-looking statements, are set forth in the Company's Annual Report on Form 20-F filed with the Securities and Exchange Commission. Contacts: Magal Security Systems, Ltd Roi Levy Tel: +972-3-539-1444 Fax: +972-3-536-6245 E-mail: Gal IR International Ehud Helft/Kenny Green Tel: +1-866-704-6710 Int'l dial: +972-3-607-4717 E-mail: DATASOURCE: Magal Security Systems Ltd. CONTACT: Magal Security Systems, Ltd: Roi Levy, Tel: +972-3-539-1444, Fax: +972-3-536-6245, E-mail: . Gal IR International:, Ehud Helft/Kenny Green, Tel: +1-866-704-6710, Int'l dial: +972-3-607-4717, E-mail: ,

Copyright