Completion of Asset Sale

Adamind Ltd
19 April 2007


19 April 2007
                                  Adamind Ltd
                          ("Adamind" or "the Company")
                     
                      Completion of Asset Sale to Mobixell

Further to the announcement of 21 February 2007 and approval obtained at the
Extraordinary General Meeting on 12 April 2007, the Board of Adamind announces
that the Company has completed the sale to Mobixell Networks (Israel) Ltd.
("Mobixell") a wholly owned subsidiary of Mobixell Networks Inc., a Delaware
company, of substantially all the Company's assets and assignment of certain
related liabilities (the "Transaction").

Under the terms of the Transaction, Adamind will receive as consideration for
the assets sold to Mobixell $5,500,000 in cash, less an amount of $550,000 that
will be deposited in escrow to provide for certain indemnifications. The escrow
amount may be released to the Company prior to the 12-month anniversary of the
closing upon the liquidation of the Company.

Following the Transaction, the Company's assets consist primarily of cash, and
the board of directors intends to return monies to the shareholders at the
earliest opportunity.

Enquiries

Adamind
Orna Berry, Executive Chairperson                       [phone]
Shailendra Jain, CEO                                    [phone]

Corfin Communications
Neil Thapar, Harry Chathli                              [phone]

Bridgewell Limited, Nominated Adviser
John Craven, Simon Bridges, David Sanders               [phone]




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