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Last updated on May 26, 2012 at 17:19 EDT

R.V.B. Holdings Ltd. Announces Change of Control of the Company by Greenstone Industries Ltd.

March 24, 2011
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TEL-AVIV, Israel, March 24, 2011 /PRNewswire/ — R.V.B. Holdings Ltd.
(“RVB”) announced today the purchase by Greenstone Industries Ltd., an
Israeli public company traded on the Tel Aviv Stock Exchange (TLV:GRTN) of
65% of the issued share capital of the Company. As part of the purchase of
control of RVB all members of the Board of Directors of RVB, excluding the
external directors, resigned their office and Messrs. Yitzhak Apeloig, Yair
Fudim
and Gedaliahu Shelef, representatives of Greenstone Industries Ltd.,
were appointed instead.

This press release may contain forward-looking statements within the
meaning of the “safe harbor” provisions of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements are based on the current
expectations of the management of RVB only, and are subject to a number of
factors and uncertainties that could cause actual results to differ
materially from those described in the forward-looking statements. RVB
undertakes no obligation to publicly release any revisions to these
forward-looking statements to reflect events or circumstances after the date
hereof or to reflect the occurrence of unanticipated events. For a more
detailed description of the risk and uncertainties affecting RVB, reference
is made to RVB’s reports filed from time to time with the Securities and
Exchange Commission.

SOURCE R.V.B. Holdings Ltd


Source: newswire