Rural Sourcing to Open Technology Development Center in Greenville N.C.

english university

U.S. Guide to College and University Education in America Now Available

S.
"Greenville is an area rich in programming talent and East
Carolina University is a respected academic institution with a
distinguished faculty and state-of-the-art IT facilities," said Dr. These centers will operate in
lower-cost regions of the United States that are home to strong
regional universities that offer information technology and computer
science degrees.

As per ODP Guidelines, non-English sites are not listed in this category.

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2 million. in connection with the sale of all of the
outstanding shares of Modem-Art Ltd.
As of December 31, 2004, Ampal 's total investment in Modem-Art was
$1. The electronic publication,
"College and University Education in the United States," addresses topics such
as the types of colleges and universities, education costs, campus life,
possible sources of financial aid, accreditation and the grading system. corporations , announced today that it will open a development
center in Greenville, N. For more
information , visit www.

This category contains philosophy departments and programs at universities and colleges within the Middle East.

east academic

ampal.
"College and University Education in the United States" is part of the
Department of State's electronic journal series.
RSI has committed to hiring experienced IT professionals from the
region as well as graduates from East Carolina University and other
neighboring colleges .

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Such statements reflect the current views
of the Company with respect to future events or future financial
performance of the Company, the outcome of which is subject to certain
risks and other factors which could cause actual results to differ
materially from those anticipated by the forward -looking statements,
including among others, the economic and political conditions in
Israel, the Middle East, including the situation in Iraq, and the
global business and economic conditions in the different sectors and
markets where the Company's portfolio companies operate. WASHINGTON , A new publication to help students from
around the world learn about opportunities for higher education in the U."
Rick Niswander, dean of the ECU College of Business added, "We are
especially pleased that our faculty and students will be an important
component of Rural Sourcing's development center .

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Ampal has diversified interests in the following sectors:
telecommunication, real estate, capital markets, leisure-time, high
technology and other., East Carolina University has
approximately 22,000 students and is a constituent institution of the
University of North Carolina system.

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About Ampal

Ampal and its subsidiaries primarily acquire interests in
businesses located in the State of Israel or that are Israel-related.S. ECU
embraces a mission of teaching, research , and service from the local
to international arenas.

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As part of RSI's commitment to the region,
internships will be offered to juniors and seniors majoring in
information technology and related areas.
Kathy Brittain White, founder of Rural Sourcing and the former
Executive Vice President and Chief Information Officer of Cardinal
Health, Inc.
"We look forward to having Rural Sourcing as part of our corporate
community," says John Chaffee, Executive Director of the Pitt County
Development Commission.

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Featuring an introduction by Secretary of Education Margaret Spellings and
a welcome by Karen Hughes, Under Secretary for Public Diplomacy and Public
Affairs at the U.

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category amman

to Agere Systems for $145 . It is currently available in
English, French, and Spanish, and will soon be available in Arabic , Chinese,
Portuguese and Russian. (RSI), an information technology company offering IT services for
U."
The opening of the Greenville Center, slated for May, is part of
RSI's strategy to open as many as 50 technology development centers in
rural areas over the next five years.com

About East Carolina University and Pitt County

Located in Greenville, N.

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Please refer to the Company 's annual, quarterly and
periodic reports on file with the SEC for a more detailed discussion
of these and other risks that could cause results to differ
materially.state. "RSI holds the promise of quality jobs and
enhances our growing group of technology-based companies. RSI achieves these goals by deploying
the global outsourcing/offshoring model, which has demonstrated that
employees can produce high-quality work remotely and applying it to
rural America.ruralsource.

non english

, a privately held developer of
advanced processor technology for 3G/UMTS mobile devices, for an
aggregate sale price of $5. The Company agreed to sell its
holdings in Modem-Art Ltd. Subsequent written and oral forward-looking
statements attributable to the Company or persons acting on its behalf
are expressly qualified in their entirety by the cautionary statements
in this paragraph.

Business Editors

JONESBORO, Ark.

within east

When
used in this press release, the words "anticipate," "believe,"
"estimate ," "expect," "intend," "plan," and similar expressions as
they relate to the Company or the management of the Company, identify
forward-looking statements.S.

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S.C.

hebrew category

Business Editors

TEL AVIV , Israel----Ampal-American
Israel Corporation (Nasdaq:AMPL) today announced that it has sold all
of its shares in Modem-Art Ltd.0M million and its equity interest was 2.gov/journals/itsv/1105/ijse/rdeducate . This is precisely
the kind of cooperative venture that will provide long-term economic
and educational benefits to our students, the university, the
community, and the region."

About Rural Sourcing Inc

Rural Sourcing Incorporated (RSI) aims to foster economic
expansion and high technology employment opportunities in rural
regions of the United States.

hebrew not

Should any of
these risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual results or outcome may vary from
those described herein as anticipated, believed, estimated, expected,
intended or planned . "With strong support from both the University and the
area's economic development leadership, I expect this to be among our
largest centers employing over 100 IT professionals. IT jobs offshore .

non academic

2%. is
now available from the Department of State.htm. Whether life
science or information technology , those companies provide the jobs of
the future for our residents.

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Highlights in the publication include: resources for international
students and foreign student advisors, including EducationUSA -- the State
Department's global network of more than 450 advising and information centers
in 170 countries; financial planning information; a video about the foreign
student experience as described in first-person accounts by international
students; a college life photo gallery; and other useful links.----Rural Sourcing,
Inc. The company is a full-service IT provider, including
development , application and maintenance, and consulting.

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For this publication click:
http://usinfo. RSI draws professionals of varied backgrounds
including, new college graduates , experienced IT professionals eager
to return to their small town roots or people simply excited about
Rural Sourcing's mission to stem the loss of U.

aviv hebrew

east ba

1
million, consisting of cash and stock.

ECU offers more than 100
bachelor's degree programs, nearly 80 master's degree programs and 13
doctoral programs in its professional colleges, the Thomas Harriot
College of Arts and Sciences and the Brody School of Medicine.

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Ampal Completes Sale of Its Holdings in Modem-Art Ltd.

Department of State , "College and University Education in
the United States" provides answers and extensive information to international
students who wish to study in the U.

colleges non

For more information about Ampal please visit
our web site at www.com

Certain information in this press release includes forward-looking
statements (within the meaning of Section 27A of the Securities Act of
1933 and Section 21E of the Securities Exchange Act of 1934) and
information relating to the Company that are based on the beliefs of
management of the Company as well as assumptions made by and
information currently available to the management of the Company. I applaud UNC system President Molly
Broad for encouraging our universities to become more engaged in the
economic development process and Chancellor Steve Ballard for making
this type of activity a high priority at ECU.

israel academic

The university is located in Pitt County, the
educational, cultural, medical and industrial hub of eastern North
Carolina.