Electric Fuel Corp. Not Presently Selling Shares

July 11, 2000 by Jeff Shepard

Electric Fuel Corp. (Iselin, NJ) announced that the company does not presently intend to sell shares. The company's recent filing with the Securities and Exchange Commission to sell three million shares of its common stock was intended only to register the shares in order to make them available for sale at a future date to meet the company's future global-expansion plans.