Magic Software Enterprises to Report Third Quarter 2006 Results

Magic Software Enterprises to Report Third Quarter 2006 Results

Conference Call Scheduled for Thursday, November 9th at 9 a.m. EST

OR YEHUDA, Israel, Nov. 7 /PRNewswire-FirstCall/ -- Magic Software Enterprises (NASDAQ:MGIC)(NASDAQ:TASE:)(NASDAQ:MGIC), a leading provider of state-of-the-art business integration and development technology, announced that it would report its third quarter 2006 results on Thursday, November 9th, 2006.

Magic's management will also host a conference call to discuss the financial results later that same day. The conference call will begin at 9 a.m. EST, 2 p.m. GMT or 4 p.m. in Israel.

To participate in the conference call, please call the appropriate number listed below at least five to ten minutes prior to the start of the call:

From the US: 1 888 407 2553
From Canada: 1 888 604 5839
From Israel: 03 918 0688
All others: +972 3 918 0688

Callers should reference the Magic Software Earnings Conference Call.

For those unable to listen to the conference call, there will be a replay available from the investor relations part of Magic's web-site at: www.magicsoftware.com

About Magic Software Enterprises

Magic Software Enterprises, a subsidiary of Formula Systems (NASDAQ: FORTY), develops, markets and supports software development, deployment and integration technology (www.magicsoftware.com/ibolt) that enables enterprises to accelerate the process of building and deploying applications that can be rapidly customized and integrated with existing systems. Magic technology, applications and professional services are available through a global network of subsidiaries, distributors and Magic solutions partners in approximately 50 countries. The Company's EMEA HQ offices are located in the Netherlands, Pelmolen 17 3994XX Houten, 0031-30.6566266. The company's North American subsidiary is located at 17310 Redhill Avenue #270, Irvine, CA 92614-5637, telephone (800) 345-6244, (949) 250-1718, fax (949) 250-7404. www.magicsoftware.com

Except for the historical information contained herein, the matters discussed in this news release include forward-looking statements that may involve a number of risks and uncertainties. Actual results may vary significantly based upon a number of factors including, but not limited to, risks in product and technology development, market acceptance of new products and continuing product conditions, both here and abroad, release and sales of new products by strategic resellers and customers, and other risk factors detailed in the Company's most recent annual report and other filings with the Securities and Exchange Commission.

Company Contact: Investor Relations Contact:
David Assia Kenny Green
CEO GK Investor Relations
Magic Software Enterprises Ltd. +1 866 704 6710
(+972) 3 538 9304 kenny@gk-biz.comdavid_assia@magicsoftware.com

Source: Magic Software Enterprises Ltd.

CONTACT: Company Contact: David Assia, CEO, Magic Software Enterprises
Ltd., +972-3-538-9304, david_assia@magicsoftware.com; Investor Relations
Contact: Kenny Green, GK Investor Relations, +1-866-704-6710,
kenny@gk-biz.com

Web site: http://www.magicsoftware.com/ibolt
http://www.magicsoftware.com/

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