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Healthcare Technologies Calls for a Shareholders Meeting to Approve the Nexgen Biofuels Transaction
Date:8/19/2007

PETACH TIKVA, Israel, August 16 /PRNewswire-FirstCall/ -- Healthcare Technologies Ltd. (NASDAQ: HCTL), announced today that, it has scheduled an extraordinary general meeting of its shareholders to be held on September 30, 2007 at 11:00 a.m., at the offices of Yigal Arnon & Co., 1 Azrieli Center, Round Tower, 47th Floor, Tel Aviv, Israel.

At the meeting, shareholders will be asked to approve the previously announced Asset Purchase Agreement with NexGen Biofuels, Inc, Mac Bioventures Inc. and Gamida for Life B.V. and the transactions contemplated thereby, as a result of which the Company's business will be in the field of renewable fuels rather than biotechnology and medical devices.

Shareholders of record of the Company as of the close of business in New York on August 21, 2007, are entitled to vote at the Meeting.

The Notice and Proxy Statement associated with the Meeting is available at http://www.sec.gov, the website of the U.S. Securities and Exchange Commission. Proxy materials will be sent to all shareholders of record.

Shareholders who need additional copies of the proxy materials or have questions regarding the Meeting, including the procedures for voting shares, should call The Altman Group, the Company's proxy solicitor, toll-free at 1-800-622-1588 (from the United States) or 1-201-806-7300 (from other locations).

Closing of the transactions contemplated by the Agreement is subject to the completion of due diligence by the parties, the receipt of the necessary corporate, regulatory and third party approvals, including Healthcare's shareholders and the approval of the Israeli District Court and other closing conditions. No assurance
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SOURCE Healthcare Technologies Ltd

Copyright©2007 PR Newswire.

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