E-SIM LTD

Business Summary

e-SIM Ltd. (e-SIM) was established as a software development and consultation company. The Company has subsidiaries in the United States, Japan and France. The subsidiary in France ceased operations on February 1, 2003, e-SIM Japan, and e-SIM United States ceased operations in August 2005 and February 2006, respectively. On September 28, 2006, e-SIM signed an asset purchase agreement with Sky MobileMedia, Inc., a United States company, and with its wholly owned Israeli subsidiary SKY MobileMedia (Israel) Ltd. (together SKY)(the SKY Transaction). The transaction was subject to several closing conditions, among others, consent of certain customers, consent of SKY's shareholders to the SKY Transaction, negotiations with employees on the terms of employment agreements, which were completed by February 7, 2007. As part of the agreement, substantially all of the Company's assets were sold, including its intellectual property and certain agreed-upon liabilities.

Country of Incorporation

Israel

Incorporation Date

1989-07-05

Business Sector

Software & IT Services