Healthcare Technologies to Reschedule the Shareholders Meeting to Approve the NexGen Biofuels T...(the agreement becoming subject totermina...),Health

Date:9/28/2007

the agreement becoming subject to termination if the Closing has not taken place on or before October 31, 2007; receipt of shareholder, regulatory and third party approvals, including the approval of the District Court of Tel Aviv; the satisfaction and completion of due diligence by the parties to the agreement; the receipt by Healthcare of a satisfactory valuation of NexGen's assets; a non-binding offer to purchase Healthcare's subsidiaries previously sent to us by Inverness Medical Innovations, Inc., to which, as any negotiations with Inverness would be a breach of the NexGen Agreement, Healthcare has refrained from any discussions with Inverness. Readers are referred to the documents filed by the company with the Securities and Exchange Commission, specifically the Proxy Statement concerning the meeting and most recent report on Form 20F that identifies important risks which could cause actual results to differ from those contained in the forward looking statements.

FOR: Healthcare Technologies, Ltd.

CONTACT: Eran Rotem, CFO

+972-3-9277232/3

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SOURCE Healthcare Technologies Ltd Copyright©2007 PR Newswire. All rights reserved

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