elbit vision systems ltd (EVSNF) Snapshot

Elbit Vision Systems Ltd. reported consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenue was $1,256,000 compared with $1,614,000 for the same period last year. Operating loss was $2,000 compared with operating profit of $264,000 for the same period last year. Loss before income tax was $59,000 compared with income before income tax of $234,000 for the same period last year. Net loss was $59,000 or loss of $0.001 per basic and diluted share compared with net profit $234,000 or $0.003 per basic and diluted share for the same period last year.

Elbit Vision Systems Ltd. announced that Mr. David Hanuka has resigned from the Company's board of directors and will be replaced by Mr. Yossi Ran, who was elected to the board at a meeting of the shareholders' of the company, held on April 28, 2013. Mr. Ran has held senior posts at Elbit Systems and Elron Electronic Industries Ltd., and has served on the boards of directors of several Israeli and overseas companies, including, as the chairman of Plasan-Sasa Ltd. (2000-2007) and of Cabiran (1991) Ltd. (2007-2011). Mr. Ran also served as the CEO of the Company between the years 1998-2000.

Elbit Vision Systems Ltd., Annual General Meeting, Apr 29, 2013., at 16:00 Israel Standard Time. Location: offices of Yigal Arnon & Co.. Agenda: To elect four directors for the coming year; to approve the remuneration terms and grant of options of Mr. Yossi Ran; to re-elect Ms. Orit Stav as an external director for an additional three-year term, commencing immediately following the termination of the initial three-year term on September 1, 2013; and to ratify and approve the appointment of Brightman as the independent public accountants for the year ending December 31, 2012, and authorize the Audit Committee to fix the remuneration of the company’s independent public accountants in accordance with the volume and nature of their services.