THE INFORMATION in this section may include forward-looking statements contained herein reflect management's current views with respect to future events and financial performance. This information in part or in full is subject to certain risks and uncertainties that could cause the actual results to differ materially from those in the forward-looking statements. Z ITSP Development Limited (“Z ITSP”) and its officers and directors undertake no obligation to publicly update or revise any such forward-looking statements to reflect any change in its expectations or in events, conditions or circumstances.

  FEBRUARY 2, 2005

On February 1, 2005, Z ITSP Development Limited (“Z ITSP”) announces a successful pilot with Nextel Systems Ltd. which is the exclusive representative of Plantronics Inc. (NYSE: PLT) in Israel. Following this pilot Z ITSP will promote Plantronics head set model Audio – 20 and Audio – 30 as the headset of choice for customers that wish to use Z ITSP’s services from a personal computer. Z ITSP will promote Plantronics headsets bundled with a service package though its official website www.zitsp.com. We thank Plantronics for the cooperation and look forward for the next products.