-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, KgU06jwWJENIPvrufvTPglCDILRBsEANbE6sjIHi9Evvdq2vqxKEZj399+dqXeSH PmMmi4s7tTBVLsbAmIQp8g== 0000910662-04-000015.txt : 20040107 0000910662-04-000015.hdr.sgml : 20040107 20040107113305 ACCESSION NUMBER: 0000910662-04-000015 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040107 FILED AS OF DATE: 20040107 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MAGAL SECURITY SYSTEMS LTD CENTRAL INDEX KEY: 0000896494 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATIONS EQUIPMENT, NEC [3669] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-21388 FILM NUMBER: 04512204 BUSINESS ADDRESS: STREET 1: P O BOX 70 STREET 2: INDUSTRIAL ZONE CITY: YAHUD ISRAEL STATE: L3 ZIP: 5600 MAIL ADDRESS: STREET 1: P.O. BOX 70, STREET 2: INDUSTRIAL ZONE CITY: YAHUD STATE: L3 ZIP: 56100 6-K 1 frm6kjan7.txt PRESS RELEASE OF 1/7/04 ================================================================================ SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ---------------------- F O R M 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of January 2004 MAGAL SECURITY SYSTEMS LTD. (Name of Registrant) P.O. Box 70, Industrial Zone, Yahud 56100 Israel (Address of Principal Executive Office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F X Form 40-F __ Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):__ Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):__ Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes __ No X If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-_________ This Report on Form 6-K is incorporated by reference into the Registrant's Form F-3 Registration Statement File No. 333-9050. ================================================================================ Magal Security Systems Ltd. 6-K Items 1. Press Release re Magal Reports US$ 4 Million Orders for Israeli Seam Line dated January 7, 2004. ITEM 1 Press Release Source: Magal Security Systems Ltd. Magal Reports US$ 4 Million Orders for Israeli Seam Line Wednesday January 7, 7:14 am ET YAHUD, Israel, Jan. 7 /PRNewswire-FirstCall/ -- Magal Security Systems, Ltd. (Nasdaq: MAGS, TASE: MAGS) today announced that during the second half of the last quarter of 2003 we received from the Israeli Ministry of Defense (MOD) orders of approximately US$4 million for installation of intrusion detection systems along the seam line between Israel and the West Bank. Part of these orders were executed in the fourth quarter of 2003, and the balance will be completed by the end of the first quarter of 2004. Mr. Even-Ezra, Chairman of Magal said: "These orders are a follow on of previous orders that Magal received in September 2002 for US$15 million for installation on the seam line that were executed in the years 2002 and 2003. We believe the company will continue to receive more orders for the seam line during the year 2004." About Magal Security Systems, Ltd.: Magal Security Systems Ltd. (Magal) is engaged in the development, manufacturing and marketing of computerized security systems, which automatically detect, locate and identify the nature of unauthorized intrusions. Magal also supplies Video Monitoring Services through Smart Interactive Systems, Inc., a subsidiary established in the U.S. in June 2001. The Company's products are currently used in more than 70 countries worldwide to protect national borders, airports, correctional facilities, nuclear power stations and other sensitive facilities from terrorism, theft and other threats. Israeli-based Magal has subsidiaries in the U.S., Canada, the U.K., Germany, Mexico, Romania and an office in China. Revenues for fiscal year 2002 were US$43 million, with net income of US$1.9 million. Magal trades in the U.S. on the NASDAQ National Market since 1993 and in Israel on the Tel-Aviv Stock Exchange (TASE) since July 2001, in both under the symbol MAGS. This press release contains forward-looking statements, which are subject to risks and uncertainties. Such statements are based on assumptions and expectations which may not be realized and are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual results, financial and otherwise, may differ from the results discussed in the forward- looking statements. A number of these risks and other factors that might cause differences, some of which could be material, along with additional discussion of forward-looking statements, are set forth in the Company's Report on Form 8-K filed with the Securities and Exchange Commission. Contacts: Magal Security Systems, Ltd Raya Asher, CFO Tel: +972-3-539-1444 Fax: 972-3-536-6245 E-mail: magalssl@trendline.co.il Gal IR International Ehud Helft/Kenny Green Tel: 1 866 704 6710 Int'l dial: +972 3 607 4717 E-mail: ehud.helft@galir.com kenny.green@galir.com SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. MAGAL SECURITY SYSTEMS LTD. (Registrant) By:/s/Jacob Even-Ezra ------------------ Jacob Even-Ezra Chairman of the Board and Chief Executive Officer Date: January 7, 2004 -----END PRIVACY-ENHANCED MESSAGE-----