Healthcare Technologies to Reschedule the Shareholders Meeting to Approve the NexGen Biofuels T...( PETACH TIKVA Israel September 28 ...),Health

PETACH TIKVA, Israel, September 28 /PRNewswire-FirstCall/ -- Healthcare Technologies Ltd. (NASDAQ: HCTL), announced today that it will reschedule the extraordinary general meeting of its shareholders for the approval of the Asset Purchase Agreement with NexGen Biofuels, Inc, Mac Bioventures Inc. and Gamida for Life B.V., originally scheduled to be held on September 30, 2007, in order to allow shareholders additional time to fully consider the proposed transaction. The Company noted that it is taking this step in light of low shareholder participation, the considerable amount of materials shareholders are to consider and reports of shareholders not having received the proxy materials from brokers and banks.

The Company will set a new record date for the future meeting, expected to be held in late November 2007 and will mail supplemental proxy materials to its shareholders. Details regarding the rescheduled meeting will be announced at a later date. The Proxy Statement previously circulated to the Company's shareholders which details the transaction may be accessed online on the website of the U.S. Securities and Exchange Commission at http://www.sec.gov/Archives/edgar/data/835688/000117891307001798/exhibit_99 -1 .htm.

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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 s
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