Magic Software Enterprises Sets Date to Announce Second Quarter Earnings and Hold Earnings Conference Call

IRVINE, Calif.--(BUSINESS WIRE)--July 26 2000 -Magic Software Enterprises (Nasdaq:MGIC - news), Wednesday announced that it will release second quarter earnings on Thursday, Aug. 3, 2000.

The company will hold an earnings conference call the same day, Thursday, Aug. 3, 2000, at 11 a.m. EST (8 a.m. PST), to discuss the financial results.

To participate in the conference call, interested parties should call the appropriate number listed below five to 10 minutes prior to the start of the call:

• North America 800/230-1951
• International 612/288-0329

Callers should reference "Magic Software Q2 Earnings Conference Call" with the AT&T operator.

A replay of the conference call will be available from 2:30 p.m., Aug. 3, 2000, through 11:50 a.m., Aug. 10, 2000. Interested parties should call the appropriate number below:

• North America 800/475-6701
• International 320/365-3844

Callers should reference Access Code No. 531011.

Investors also will have the opportunity to listen to the conference call over the Internet through Vcall, a service of the Investor Broadcast Network, at http://www.vcall.com. To listen to the "live" call, investors should go to the Web site at least 15 minutes early to register, and download and install any necessary audio software.

For those who cannot listen to the live Internet broadcast, a replay of the conference call will be available for up to 90 days on the Vcall Web site.

About Magic Software
Magic Software Enterprises offers the most productive, state-of-the-art development technology, customizable applications, and services for cost-effectively solving business problems. Using Magic, companies can efficiently leverage their existing resources and take advantage of emerging technologies, such as Linux, e-commerce and customer relationship management (CRM).

Magic technology, applications and services are available through a global network of subsidiaries, distributors and solutions partners in more than 50 countries. The company is located at 1642 Kaiser Avenue, Irvine, Calif., 92614, telephone 949/250-1718 ext. 220, fax 949/250-7404, http://www.magic-sw.com.

Contact:
Magic Software Enterprises, Ltd.
Katharine Hanley, 949/250-1718 ext. 220
khanley@magic-sw.com