FLSH M Systems Flash Disk

msystems(TM) (Nasdaq: FLSH), a leader in smart personal storage, today announced that Mr. Dov Moran, president and CEO of msystems, is scheduled to speak at the Citigroup 7th Annual Semiconductor Conference at the Boston Harbor Hotel in Boston, on Wednesday, May 31, 2006 at 1:30 p.m. The presentation will be available as a live, listen-only webcast from msystems' online IR Calendar. The webcast will not be archived following the conclusion of the event. Please follow the link below for direct access to the IR Calendar - www.m-systems.com/site/en-US/Corporate/InvestorRelations/NewsAndEvents /default.htm (Due to the length of this URL, it may be necessary to copy and paste this hyperlink into your Internet browser's URL address field and delete any extra spaces that appear.) All company and product names mentioned may be trademarks or registered trademarks of their respective holders and are used for identification purposes only. msystems is incorporated as M-Systems Flash Disk Pioneers Ltd. This press release includes forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements, as they are subject to various risks and uncertainties which may cause actual results to vary significantly. These risks include, but are not limited to: the effect of global economic conditions in general and conditions in M-Systems' industry and target markets in particular, shifts in supply and demand, market acceptance, the impact of competitive products and pricing, product development, commercialization and technological difficulties, and capacity and supply constraints including dependence on flash component suppliers; changes in M-Systems' and its customers' inventory levels and inventory valuations; timely product and technology development/upgrades and the ability to manage changes in market conditions as needed; market acceptance of new products and continuing product demand; the impact of competitive products and pricing on msystems' and its customers' products and markets; the development, release and sale of new products by strategic suppliers and customers; the development and growth of anticipated markets for M-Systems' and its customers' products; and other risk factors detailed from time to time in M-Systems' filings with the Securities and Exchange Commission. M-Systems assumes no obligation to update the information in this press release and disclaims any obligation to publicly update or revise any such forward-looking statements to reflect any change in its expectations or in events, conditions, or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements. Reference to M-Systems' website above does not constitute incorporation of any of the information thereon into this press release.