Magic Software Subsidiary CoreTech Wins Two New Outsourcing Contracts with a Global Life Sciences Company
IRVINE, Calif.--(BUSINESS WIRE)--March 10, 2005--Magic Software Enterprises (Nasdaq:MGIC - News), a leading provider of state-of-the-art development and integration technology and business solutions, announced today that its wholly owned subsidiary, CoreTech Consulting Group, has won two new substantial outsourced contracts with a leading global life sciences company, which combined, represent over $750,000, and are expected to be renewed annually. Together, both contracts will service an end-user client population of more than 20,000 throughout North America.

Magic Software Announces Significant Year-Over-Year Growth for Q1 2004 with 34% Growth in License Revenues and 164% Growth in Net Profit
OR YEHUDA, ISRAEL (May 12, 2004) - Magic Software Enterprises (NASDAQ: MGIC), a leading provider of state-of-the-art business integration and development technology, reported today that the company has continued to grow year-over-year in both revenues and profitability in the first quarter ended March 31, 2004.

Magic Software Enterprises Announces Strong Fourth Quarter And Full Year 2003 Results With Significant Growth In Revenues, Profits And Software Sales: Company Reports Revenue Jump of 26% as Software Sales Leap by a Robust 78%
OR YEHUDA, ISRAEL (February 2, 2004) - Magic Software Enterprises (NASDAQ: MGIC), a leading provider of state-of-the-art business integration and development technology, announced today results for the fourth quarter 2003 and year ended December 31, 2003.

Magic Software Subsidiary CoreTech Wins Phase II Of $500K EAI Project For Global Human Resources Firm: Implementation Includes Architectural Design, Development and Deployment of Survey Management, Workflow, and Business Intelligence Engine for Global Customer Base
IRVINE, CA (January 27, 2004) - Magic Software Enterprises (Nasdaq: MGIC), a leading provider of state-of-the-art business integration and development technology, announced today that its subsidiary CoreTech Consulting Group, LLC, has won a major phase II expansion of a project deal to provide architectural design, development and enterprise application integration (EAI) services to a global Human Resources Consulting company. The total value of the project now stands at over $500,000.

Magic Software Subsidiary CoreTech Announces $2 million Project Expansion With Major US Government Agency: Extended Engagement To Include IT Support and Management Services
IRVINE, CA (December 9, 2003) - Magic Software Enterprises (Nasdaq: MGIC), a leading provider of state-of-the-art business integration and development technology, announced today that its wholly owned subsidiary CoreTech Consulting Group, LLC, of King of Prussia, Pennsylvania, will provide support services to a major U.S. government agency in a contract valued at $2 million.

Magic Software Subsidiary CoreTech Secures $2.2 Million Contract With Leading Global Pharmaceutical Company: Extended Outsourcing Engagement To Include Support Services For Around 7,000 Users
IRVINE, CA (November 20, 2003) - Magic Software Enterprises (Nasdaq: MGIC), a leading provider of state-of-the-art business integration and development technology, announced today that its wholly owned subsidiary CoreTech Consulting Group, LLC, of King of Prussia, Pennsylvania, has closed a new two year $2.2 million contract to provide support services to one of the world’s largest global pharmaceutical companies.

Magic Software Subsidiary CoreTech Consulting Group Announces $600K In New Project Wins: Project Includes Enhancement of Strategic Banking and CRM Systems, and Legacy Integration for Top 50 Global Bank: New Contracts Include Engagements In Business Intelligence, Integration and Security Outsourcing
Irvine, CA (October 8, 2003) - Magic Software Enterprises (Nasdaq: MGIC), a leading provider of state-of-the-art integration and development technology, announced today that its wholly owned subsidiary CoreTech Consulting Group, LLC, has won two major project deals with an initial combined value of around $600,000.

Magic Software Subsidiary CoreTech Consulting Group Wins Major EAI Project with Global Banking Software and Services Firm: Project Includes Enhancement of Strategic Banking and CRM Systems, and Legacy Integration for Top 50 Global Bank

IRVINE, CA (November 25, 2002) - Magic Software Enterprises (Nasdaq: MGIC), a leading provider of state-of-the-art development and integration technology, and business solutions, announced today that its subsidiary CoreTech Consulting Group, LLC, has won a major deal to provide development and enterprise application integration (EAI) services to a global Financial Services software company. The initial value of the project is estimated at $800,000.

PHILADELPHIA, PA (November 19, 2002) - CoreTech Consulting Group, LLC, a leading provider of Consulting Services and Solutions to the Life Sciences and Financial Services industries, today announced the expansion of its Support Services Practice with the addition of the service order coordination group of a global pharmaceutical company.

PHILADELPHIA, PA (October 1, 2002) - CoreTech Consulting Group, LLC, a leading provider of Consulting Services and Solutions to the Life Sciences and Financial Services industries, today announced the expansion of its Support Services Practices and appointed Stephen C. Madonia to the post of Director, Support Services. Mr. Madonia will be responsible for delivery to existing clients and continued growth of the Support Services Practice. CoreTech’s Support Services Practice focuses in the areas of Help Desk, Service Management, Break-Fix Support, and Asset Management. Mr. Madonia will also be responsible for coordination of both service and software partnerships that aid in the delivery of these services to CoreTech’s clients.

IRVINE, CA (September 24, 2002) - Magic Software Enterprises (Nasdaq: MGIC), a leading provider of state-of-the-art development technology and business solutions, announced today the signing of an Operating Agreement for the creation of CoreTech Consulting Group, LLC. CoreTech is a leading provider of Consulting Services and Solutions to the Life Sciences and Financial Services industries.

PLANO, TX (May 15, 2002) - Aurum Technology Inc., a leading provider of information technology services to community and mid-tier financial institutions, has introduced a new risk analysis tool for commercial loan services to aid financial institutions using its SmartBANKer Business Intelligence solution.

Implemented Blackberry Enterprise Server integrated with Exchange, and rolled out 50 hand held wireless devices to excutives of a large pharmaceutical corporation in December 2001.