TEL AVIV, Israel, September 27 /PRNewswire-FirstCall/ -- Koor Industries Ltd. (NYSE:KOR) ("Koor") a leading Israeli holding company announced today that Makhteshim Agan Industries ("Makhteshim Agan" or the "Company"), a company in which Koor currently holds approx. 40%, has issued an announcement relating to its expected revenues and net income for the third quarter of 2006. Following is a translation of its announcement. "Makhteshim Agan anticipates that its revenues for the third quarter ending September 30, 2006 will total approximately $405 million and that net income for the quarter will total approximately $26 million. The decline in the net income, compared to the corresponding period last year, mainly follows the difficult market conditions in the quarter in the agro-chemical industry, including Brazil. This forecast is based on initial information available to the Company, and may change following additional sales by the end of the quarter, as well as a result of the processing and analysis of the financial figures when preparing the financial statements for the quarter, which are expected to be published November 8, 2006." About Koor Industries Koor Industries is a leading Israeli holding company, focusing on high-growth, internationally-oriented, Israeli companies. Koor actively invests in agrochemicals through Makhteshim Agan Industries (TASE:MAIN); in telecommunications through its holdings in ECI Telecom (NASDAQ:ECIL), ECTel (NASDAQ:ECTX) and Telrad Networks; in defense through Elbit Systems (NASDAQ: ESLT); and in venture capital through Koor Corporate Venture Capital. Koor's ADSs (American Depositary Shares) are traded on the New York Stock Exchange (NYSE:KOR) and Koor's Ordinary Shares are traded on the Tel Aviv Stock Exchange (TASE:KOR). Company contact Avital Lev, CPA, Investor Relations Koor Industries Ltd. Tel: +972-3-607-5111 Fax: +972-3-607-5110 IR Contacts Ehud Helft/Kenny Green GK International Tel: +1-866-704-6710 Fax: +972-3-607-4711 ; Forward looking statements in this release involve a number of risks and uncertainties including, but not limited to, international market conditions, domestic political factors, technological developments, ability to finance operations, and other factors which are detailed in the Company's SEC filings. DATASOURCE: Koor Industries Ltd CONTACT: Company contact: Avital Lev, CPA, Investor Relations, Koor Industries Ltd., Tel: +972-3-607-5111, Fax: +972-3-607-5110, . IR Contacts: Ehud Helft/Kenny Green, GK International, Tel: +1-866-704-6710, Fax: +972-3-607-4711, ;

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