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Medis Technologies Appoints Allen & Caron for Investor Relations, Corporate Communications

Posted on: Monday, 6 July 2009, 05:00 CDT

NEW YORK, July 6 /PRNewswire-FirstCall/ -- Medis Technologies (Nasdaq: MDTL), a developer of fuel cells for the consumer, military and industrial markets, announced today that it has appointed Allen & Caron Inc to handle its investor relations and corporate communications. Allen & Caron will assist Medis with developing an outreach program to increase visibility in the investment community, and news dissemination and media relations programs to help broaden awareness of the Company's proprietary technologies and products.

CEO Jose Mejia commented, "We chose Allen & Caron because of their ability to target institutional investors, their creative capabilities, their social-media savvy, and their long track record of helping small-cap companies broaden their exposure to institutional investors."

Allen & Caron CEO Joe Allen said, "Medis Technologies is transitioning from an R&D company to a commercialized, product-driven organization. With its recent roll-out of the first (and only) portable fuel cell/power generator on the market, the Company achieved a true landmark in the energy storage industry. We believe that Medis will break through the clutter of delayed promises and dashed expectations of other fuel cell upstarts and look forward to sharing their story with the investment community."

About Allen & Caron

Allen & Caron is a full-service corporate, investor and marketing communications agency serving the needs of public companies. The Allen & Caron international client base includes IP-rich emerging growth companies in a range of industry segments. The firm has offices in Irvine, California; New York City; and London; maintains a presence in Paris; and has an affiliate relationship with a leading investor relations firm in Italy. www.allencaron.com

About Medis Technologies Ltd.

Medis Technologies Ltd. (Nasdaq: MDTL) (www.medistechnologies.com), headquartered in New York, is the first company in the world to market a personal and portable liquid fuel cell capable of providing electrical power to the mobile electronics marketplace. The Medis fuel cell features a patented, proprietary fuel formulation that utilizes borohydride to generate electricity upon activation; it is safe, clean, silent, and recyclable. First generation products include the Medis 24-7 Power Pack; 24-7 Xtreme Portable Power Solution; and the Medis Fuel Cell Power Emergency Kit.

Contact: Omer Masud Medis Technologies 212-935-8484 omerm@medistechnologies.com

SOURCE Medis Technologies

Source: PR Newswire

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