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Healthcare Technologies Ltd. Announces the Change of its' Name to "NexGen Biofuels Ltd"
Date:1/31/2008

NEW YORK, January 31 /PRNewswire-FirstCall/ -- Healthcare Technologies Ltd., (NASDAQ: HCTL) (the "Company") today announced that the Israeli Registrar has approved the change of its' name to NexGen Biofuels Ltd.

The Company changed its name to more clearly reflect its new business, which is to pursue alternative and renewable fuel sources and to produce such fuel through the acquisition of existing production facilities and/or through the building of new production facilities.

SAFE HARBOR: This press release contains certain forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward looking statement made by or on behalf of Healthcare Technologies Ltd. Readers are referred to the documents filed by the company with the Securities and Exchange Commission, specifically the Form 8-K filed on January 7, 2008 that identifies important risks which could cause actual results to differ from those contained in the forward looking statements.

CONTACT:

FOR: Healthcare Technologies Ltd.

Eran Rotem CFO

+972-3-9277232/3


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SOURCE Healthcare Technologies Ltd
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