LNOP Lanoptics Ltd. (MM)

YOKNEAM, Israel, Sept. 18 /PRNewswire-FirstCall/ -- LanOptics Ltd. (NASDAQ:LNOP), a provider of network processors, today announced that it has agreed to issue and sell 1,600,000 of its ordinary shares to Jefferies & Company, Inc. The offering is expected to close on September 20, 2007. The shares are being sold by LanOptics pursuant to an effective shelf registration statement (No. 333-144251) previously filed with the Securities and Exchange Commission. Jefferies & Company, Inc. is acting as the sole manager of the offering and proposes to offer the shares initially at a price to the public of $18.85 per share. LanOptics intends to use the net proceeds of the offering for general corporate purposes and to increase its ownership interest in its majority- owned subsidiary, EZchip Technologies Ltd., including through the purchase of EZchip ordinary shares issued upon exercise of EZchip employee stock options. A copy of the prospectus and related prospectus supplement relating to these securities may be obtained from Jefferies & Company, Inc., Attention: Equity Capital Markets, 520 Madison Avenue, New York, New York 10022 (toll- free telephone number: 1-888-449-2342). This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which involve known and unknown risks and uncertainties. Forward-looking information includes statements regarding LanOptics intended use of proceeds from the offering. Such risks are discussed in greater detail in filings made by LanOptics with the Securities and Exchange Commission (the "SEC"), including its annual report on Form 20-F for the fiscal year ended December 31, 2006 and subsequent filings with the SEC. Furthermore, the closing of the offering is subject to several conditions to closing, which have not yet been satisfied. The forward-looking statements contained herein should not be regarded as representations that the projected outcomes can or will be achieved. About LanOptics LanOptics is focused on its majority-owned subsidiary, EZchip Technologies Ltd., a fabless semiconductor company providing high-speed network processors. EZchip's network processors provide the flexibility and integration that enable triple-play data, voice and video services in systems that make up the new Carrier Ethernet networks. Flexibility and integration make EZchip's solutions ideal for building systems for a wide range of applications in telecom networks, enterprise backbones and data centers. For more information on LanOptics and EZchip, visit the website at http://www.ezchip.com/. DATASOURCE: LanOptics Ltd. CONTACT: Ehud Helft, +1-646-201-9246, , or Ed Job, +1-646-213-1914, , both of CCGK Investor Relations Web site: http://www.ezchip.com/

Copyright