Re Admission to AIM

Orad Hi-Tec Systems
16 July 2003



The 'Re Admission to AIM' announcement for Orad Hi-Tec Systems released today at
8am under RNS No 5969N has been re-released to facilitate onward 
transmission by third party vendors.

The announcement is unchanged and is reproduced in full below.




EMBARGOED FOR RELEASE : 8.00am, 16 July 2003


                       ORAD HI-TEC SYSTEMS LTD. ('ORAD')

       First Day of Dealings on the Alternative Investment Market ('AIM')



Orad Hi-Tec Systems Ltd. ('Orad' or the 'Company', Ticker on the London Stock
Exchange and Deutsche Boerse Prime Standard: OHT), a leading developer, marketer
and distributor of live TV production technology, announces today commencement
of trading of its Ordinary Shares on AIM.  Orad currently has a market
capitalisation of about €13 million.

Orad is the first company to list on AIM using the new streamlined rules of the
London Stock Exchange ('LSE') for companies also traded on other markets.  Orad
has been traded on the Deutsche Boerse since 1999.

Shore Capital is nominated advisor and broker.

Highlights:

• The Company was established in Israel in 1992 and commenced
  operations in 1993

• Trading on AIM expected to provide greater liquidity and
  marketability of Orad shares

• Listing on Deutsche Boerse Prime Standard will remain unchanged

• Recently announced significant new deals with six high profile
  customers, including British Aerospace in the UK, in the lucrative Visual
  Simulations Market

• Winner of the 2000 Emmy Award for outstanding achievement in real
  time imaging for live event television

• US$3.6 million contract with Hong Kong Jockey Club, the world's
  largest racing jurisdiction, for Orad's new HorseTrack System

• Results for first quarter 2003, announced on 28 May 2003, show
  turnover of $4.2 million and a 56% reduction in net loss of $982,000 
  compared to Q1 2002

• Cash balances of $9.2 million as at 31 March 2003 - no fundraising
  required on admission


Avi Sharir, Chief Executive of Orad, commented:

'We are delighted to have made our debut today on AIM as the first company to
list under the new streamlined rules of the LSE.

Our presence in the UK market, both in terms of our business and our listing, is
a significant development for the Company's ambition of further consolidating
its leading position in its chosen markets.'


For further information contact:

Orad Hi-Tec Systems
Avi Sharir                                            00 972 54 525 256

Shore Capital
Graham Shore                                              020 7408 4090
Jonathan Nelson

Buchanan Communications
Bobby Morse                                               020 7466 5000
Catherine Miles


Background information:

About Orad

The Company was established in Israel in 1992 and commenced operations in 1993.
Orad was admitted to the Neuer Markt of the Deutsche Boerse in November 1999.
The Company takes advantage of real-time video processing and pattern
recognition algorithms, powerful hardware engines, sophisticated sensor
technologies and innovative application generators to deliver unique tools that
make TV, sports and advertising more effective and compelling.  The Company also
develops and markets high-end 3D graphical computer platforms for the visual
simulation and virtual reality markets.  Orad won the 2000 Emmy award for
'outstanding achievement in real time virtual imaging for live event
television'.

The Company currently offers four categories of products:

•     TV studio production systems: including virtual sets
(Cyberset), which allow the real-time, seamless integration of computer
generated studio environments with physical objects, and on-air graphics
systems, which enable the insertion of 2D or 3D graphics and animations into
live broadcasts;

•     sports production products:  including products for the
insertion of real-time, computer-generated enhancement graphics, animation,
video and text, and the insertion of virtual advertising signage in sports
broadcasts (IMadGINE and CyberSport), as well as products for the provision of
enhanced analysis and commentary for sports events through sophisticated replay
and slow-motion applications (CyberPlay, Virtual Replay and Forum);

•     horserace tracking: HorseTrack, the world's first
real-time statistical horse tracking and identification system for statistical
database generation and race broadcast via TV, the internet and onto cellular
phones; and

•     visual simulation solutions: Orad's visual simulation
offering is based on its novel 3D graphic platform, the DVG, and its system and
application software. The DVG is composed of multiple last generation COTS
(Commodity Off the Shelf) graphical cards tied together to produce a single
output channel.

Orad provides its systems to an international client base spanning a wide range
of sectors, which include:

Broadcasters

BSkyB and BBC (U.K.), RAI (Italy), Discovery and ABC (U.S.), CBC (Canada), Seven
Network (Australia), Zee TV and Doordashan (India), Rede TV and TV Globo
(Brazil), CCTV (China), TF-1 and FR-2 (France), WDR and RTL (Germany).

Horseracing
Hong Kong Jockey Club

Visual Simulation
British Aerospace (UK), Northrop Grumman and Naval Research Laboratories (US).

Orad's headquarters are located in Kfar Saba, Israel, and it maintains
subsidiaries in the US, Germany, UK, Spain, France, Hong Kong and Japan. There
is also a subsidiary  in Poland which carries out research and development
activities.

Business development and strategy for growth

The Company's strategy is to maintain and build on its leading position as a
provider of solutions that transform the way audiences view and interact with
their TV screens.  The Company intends to achieve this through:

•  enhanced technological leadership;

•  an expanded product offering, market presence and
   distribution network; and

•  a focus on major international events.


Enhanced technological leadership

The Company is committed to continuing to develop its key technologies in-house.
The Company intends to invest further in research and development in order to
maintain and enhance its technological leadership, increase the functionality of
its products and proliferate the use of its technologies within the industry.

Expanded product offering, market presence and distribution

The Company intends to broaden its product offerings in order to provide a total
production solution for its customers.  Furthermore, since many of the Company's
customers may have a need for more than one of the Company's products, the
Company expects to increasingly market its products on a packaged basis.

The Company seeks recurring revenue streams from some of its products, such as
IMadGINE, either through multi-year licences, revenue sharing of the additional
advertising revenues generated by the use of IMadGINE, or a combination thereof.
In addition, the directors of Orad plan to increase revenues derived from the
provision of services such as product maintenance and support.

The Company has recently developed new sales channels and a direct sales force
to take advantage of opportunities which have availed themselves to Orad in
light of its visual simulation solutions and horse tracking applications.

A focus on major international events.

The Company leverages major international events such as the Football World Cup
and local/national elections to increase revenues generated by the use of its
products.

Financial information and current trading

The table below is a summary of the financial record of the Company for the two
years ended 31 December 2002 and for the quarter ended 31 March 2003.  The first
quarter results were announced on 28 May 2003.  A copy of the report and
accounts of the Company for the year ended 31 December 2002 is available at
www.orad.tv.  The Company expects to announce its results for the second
quarter, the three months ending 30 June 2003, by the end of August 2003.


                                                                                      Three months ended
                                               Year ended 31 December                           31 March
US$'000                                        2001                   2002                          2003
                                          (audited)              (audited)                   (unaudited)
Turnover                                     16,175                 14,506                         4,203
Gross profit                                  8,492                  8,415                         2,670
Operating loss                             (20,909)                (9,724)                       (1,059)
Net loss                                   (21,812)                (8,742)                         (982)


In the first quarter of the current financial year the Company secured orders
for its CyberGraphic product from high profile customers such as WDR of Cologne,
Sky News, TV Globo of Brazil, M6 of France and KBS of Korea.  On 18 March 2003
Orad announced a contract with Television Broadcasts Limited, the world's
largest producer of Chinese language programming, to provide Orad's Cyberset
virtual studio systems and CyberGraphics systems.

Trading since 31 March 2003 has been in line with management's expectations.
The Company announced on 6 May 2003 a new contract to provide its CyberGraphics
and CyberSet Virtual Studio systems to Doordashan, the world's largest
terrestrial network and India's national public service broadcaster.  Revenues
for this contract have been recognised in the first quarter of the current
financial year.

In addition, on 2 July 2003 Orad announced that it had signed a number of
significant deals with high profile customers for the use of the Company's novel
graphics computer, the DVG, in visual simulations and virtual reality
applications.  Orad's first sales of the DVG for visual simulation were to
British Aerospace and Heinz Nixdorf.  The six new deals are a second order from
British Aerospace in the UK and first orders from Northrop Grumann, Naval
Research Lab, Old Dominion University of the US, Clarte of France and Wycone of
China.

The Company continues to negotiate further contracts and anticipates signing new
customers for its products, as well as developing further its existing
relationships.  Accordingly, subject to market conditions, the Directors view
the remainder of the current financial year with confidence.

The directors of Orad have no reason to believe that its working capital will be
insufficient for at least 12 months from today's admission.

Admission to AIM

The Directors believe that admission to AIM will improve the liquidity and
marketability of Orad's shares and raise the profile of the Company in the UK
and Europe as well as provide access to the UK capital markets to facilitate any
future fundraising.

The directors and officers of Orad together are interested in 38.8% of the
issued share capital of Orad.  10,650,726 ordinary shares of NIS 0.01 each have
today been admitted to trading on AIM.

Directors, senior management and advisors

Directors and senior management

Lucien Yehuda Bronicki       Chairman
Avi Sharir                   President and Chief Executive
Dr. Michael Tamir,           Executive Vice President
Ms. Sarit Sagiv              Vice President, Finance and Chief Financial Officer
Mr. Dan Falk                 Director
Mr. Itzhak Hoffi             Non-executive Director
Mr. Amos Horev               Non-executive Director


            


                      This information is provided by RNS
            The company news service from the London Stock Exchange