Maayan incubator to invest up to $750,000 in Applisonix

Applisonix develops ultrasound aesthetic treatments.

The board of Maayan Ventures Ltd. (TASE:MAYN) has approved investing up $750,000 in Applisonix Ltd. (TASE:APLS) in several installments. Maayan currently owns 16.7% of Applisonix, which develops ultrasound aesthetic treatments, including the Impresa proprietary ultrasonic depilatory device.

Applisonix's share are up 24.8% so far in 2010, after rising 2.3% yesterday.

Published by Globes [online], Israel business news - www.globes-online.com - on February 15, 2010

© Copyright of Globes Publisher Itonut (1983) Ltd. 2010

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