Eviation Aircraft Ltd (GM) (EVTNF) Quote

whats up w this one??

RVB Holdings Ltd., RVBHF, changed to Eviation Aircraft Ltd., EVTNF:

http://otce.finra.org/DLSymbolNameChanges

RVBHF: The reverse split is part of a Scheme of Arrangement that provides for the sale of the Company by way of share issuance. See the company's SEC filings for more information.

***No R/S ratio posted on FINRA:

http://otce.finra.org/DLSymbolNameChanges

RVBHF is smells like a winner

RVBHF is smells like a winner

Rvb Holdings Ltd (RVBHF)
0.17 ? 0.049 (40.50%)
Volume: 966,156 @ 10:16:01 AM ET

Another great order. Do you hold a position? I bought just a few but I think I'm looking for an exit now.

As previously stated, i cannot make sense
of this company, in fact never could.

Any thoughts on the sale to ELBIT? It looks like investors might be getting screwed.

I have followed this company for years, however
not yet solved the enigma of what is keeping
the stock so low.

Ok so I havnt been following but what am I missing here? Strong revenue growth and profitable with a nice backlog. Where the assets sold? What's keeping this down?

BVR Systems Receives New Orders Valued at More Than $14 Million

ROSH HA'AYIN, Israel, September 10, 2009 /PRNewswire-FirstCall via COMTEX/ -- BVR Systems (1998) Ltd. , today announced it has signed contracts valued at over $14 million for the provision of Distributed Mission Trainer and Maintenance and Support services.

BVR is to act as a major sub-contractor in a program for the provision of a high end Distributed Mission Trainer, in consideration for approximately $10 million.

The Maintenance and Support award is valued at more than $4 million and includes maintenance, support and spare parts for one of BVR's leading customers using its "EHUD" AACMI (Autonomous Air Combat Manoeuvring Instrumentation) system.

BVR Systems' Chief Executive Officer, Mr. Ilan Gillies, noted, "We are very proud to take a key role in one of the leading Distributed Mission Training centers and very pleased with the confidence of our customers in our EHUD product. The order of maintenance and support services is clear evidence of the customers' intent to keep using the system intensively."

Elbit Systems buys Israeli simulator co
BVR develops training simulators for air, sea, and ground forces.

Globes' correspondent
20 Jul 09 11:54

Defense electronics company Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) has acquired the assets of military training simulator company BVR Systems (1998) Ltd. (Bulletin Board:BVRSF.OB) for $34 million, subject to accounting adjustments.

BVR's market cap, based on Friday's closing share price of $0.20, is $23.39 million.

Elbit Systems president and CEO Joseph Ackerman said, "We welcome BVR's employees to the Elbit Systems family. The acquisition of BVR System's business activities is in line with our long-term strategy of growth through mergers and acquisitions of complementary companies with high synergistic value."

BVR develops and produces training, simulation and debriefing systems for air, sea and ground forces.

Ackerman also said that BVR's capabilities complement Elbit Systems' other training capabilities.

Elbit Systems' shares closed at $64.69 on Friday, giving a market cap of $2.72 billion.

Published by Globes [online], Israel business news - www.globes-online.com - on July 20, 2009

http://www.globes.co.il/serveen/globes/docview.asp?did=1000482323&fid=942

BVR Systems Announces Sale of Assets to Elbit Systems Ltd.

ROSH HA'AYIN, Israel, July 20, 2009 /PRNewswire-FirstCall via COMTEX/ -- BVR Systems (1998) Ltd., (OTCBB: BVRSF.OB), a diversified world leader in advanced military training and simulation systems, today announced, that it has signed an agreement with Elbit Systems Ltd., /quotes/comstock/15*!eslt/quotes/nls/eslt (ESLT 64.69, -0.30, -0.46%) pursuant to which BVR will sell substantially all of its assets to Elbit in consideration for a cash payment of $34,000,000. The purchase price is based on an assumption that the purchased projects are balanced (i.e., payments received for each project are consistent with its stage of execution). The purchase price is subject to adjustment at the closing in the event that it is determined that any of the projects are not balanced. Additionally, the amount payable at closing will be reduced by a further $1,500,000, which will be held in escrow for a period of 120 days, during which time Elbit will be entitled to conduct a final review into the status of the projects acquired, and in the event that any are not balanced, it will be entitled to receive up to the amount held in escrow. Further, as part of the transaction, BVR has provided certain representations and warranties to Elbit which shall survive for a period of eighteen months from the closing and has undertaken to guarantee its indemnification obligations in connection with the representations and warranties, by pledging a cash deposit of $1,500,000 in favor of Elbit. The transaction will also include the re-employment of BVR's employees by Elbit.

The Closing of the transaction is subject to the satisfaction of certain closing conditions, including the approval of certain Israeli governmental authorities (such as the Antitrust Authority) and the exchange of financial guarantees provided by BVR under certain of the purchased assets.

Ilan Gillies, BVR's CEO said: "We are excited by this move as we believe that we complement each other in product lines and market reach. The corporate culture is by and large similar which will make for a smooth integration."

Aviv Tzidon, Chairman of the Board said: "We have chosen to combine our resources with Elbit since we recognize the synergies and I am very confident that this is the right choice for BVR."

About BVR Systems

BVR Systems (1998) Ltd. is a world leader in advanced defense training and simulation systems. The Company offers highly efficient, cost-effective solutions to the simulation, training and debriefing needs of modern air, sea and ground forces.

For more information visit the Company's web site at http://www.bvrsystems.com

The volume in the past three days has exceeded
that of the whole of 2008!!!

Huge volume, highly unusual!

BVR Systems Announces Raising of $3.5 Million
May 28, 2009 7:00:00 AM


Email Story Discuss on ZenoBank

View Additional ProfilesROSH HA'AYIN, Israel, May 28 /PRNewswire-FirstCall/ -- BVR Systems (1998) Ltd., (OTCBB: BVRSF.OB), a diversified world leader in advanced military training and simulation systems, today announced, entering into an agreement with Yuval Golan Investments Ltd. and Michael Golan Securities Holdings Ltd. (collectively the "Investor") pursuant to which the Investor shall provide to the Company $3,500,000 by way of a debenture (the "Debenture Amount"). Of the Debenture Amount $2,000,000 shall be provided to the Company no later than May 31, 2009 and the balance of $1,500,000 shall be provided on June 21, 2009.

The Company shall repay the debenture twelve months from the date of its issuance by payment to the Investor of $3,850,000.

In the event of a M&A transaction during the 12 months period commencing as of the provision of the Debenture Amount the Company shall immediately repay the debenture by payment to the Investor of $4,550,000.

In addition, the Company shall grant to the Investor an option to purchase 3,000,000 Ordinary Shares of the Company, at an exercise price per share of $0.18, exercisable for a period of five years.

It is agreed that if the Company shall not repay the Debenture Amount 12 months from the date of its provision then (a) as of the commencement of the second year the Debenture Amount shall bear a return rate of 15% per annum; (b) upon a M&A transaction during the second year as of the provision of the Debenture Amount the Company shall repay to the Investor an amount of $5,600,000; and (c) the Company shall issue to the Investor additional options to purchase 6,000,000 Ordinary Shares, at an exercise price per share of $0.18, exercisable for a period of four years commencing as of the date of entitlement.

The Debenture Amount to be provided by the Investor shall be secured by a pledge of rights and payments due to the Company under a certain license agreement.

About BVR Systems

BVR Systems (1998) Ltd. is a world leader in advanced defense training and simulation systems. The Company offers highly efficient, cost-effective solutions to the simulation, training and debriefing needs of modern air, sea and ground forces.

For more information visit the Company's web site at http://www.bvrsystems.com

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 BVR 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. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: changes in technology and market requirements; decline in demand for BVR's products; inability to timely develop and introduce new technologies, products and applications; loss of market share and pressure on pricing resulting from competition, which could cause the actual results or performance of BVR to differ materially from those contemplated in such forward-looking statements. BVR 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 BVR, reference is made to BVR's reports filed from time to time with the Securities and Exchange Commission.

Contact:

Ilan Gillies - CEO
BVR Systems (1998) Ltd.
Tel +972-3-900-8000


SOURCE BVR Systems (1998) Ltd.



----------------------------------------------
Contact: Ilan Gillies - CEO
BVR Systems (1998) Ltd.
Tel +972-3-900-8000

BVR Systems (1998) Ltd. Reports First Quarter 2009 Results
May 26, 2009 7:00:00 AM


Email Story Discuss on ZenoBank

View Additional ProfilesROSH HA'AYIN, Israel, May 26 /PRNewswire-FirstCall/ -- BVR Systems (1998) Ltd. (OTC: BVRSF), a diversified world leader in advanced military training and simulation systems, today announced a net profit of $3.3 million or $0.03 per share for the first quarter of 2009, compared with a net profit of $0.5 million, or $0.0 per share for the first quarter of 2008.

Revenues for the first quarter of 2009 were $12.5 million, compared with revenues of $7.6 million for the first quarter of 2008.

Gross profit for the first quarter of 2009 was $5.3 million, compared with a gross profit of $2.1 million for the first quarter of the previous year.

Operating profit for the first quarter of 2009 was $3.6 million, compared with an operating profit of $0.5 million for the same period last year.

BVR's order backlog at the end of the first quarter of 2009 was approximately $48.4 million.

$2.8M in sales and profit, during the first quarter 2009, is as a result of a royalties agreement announced in a press release dated January 6, 2009.

The company announced on May 4, 2009 that Milestones has encountered technical difficulties that may come in the way of moving forward with their investment in the company. The company is seeking additional sources of financing so it could continue to meet its obligations and achieve its intended growth.

BVR Systems (1998) Ltd., (OTC: BVRSF) is a diversified world leader in advanced defense training and simulation systems. For more information, visit the Company's web site at http://www.bvrsystems.com.

Safe Harbor

This press release contains forward-looking statements within the meaning of the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. These statements are based on the current expectations or beliefs of BVR Systems' management and are subject to a number of factors and uncertainties that could cause actual results or performance of the Company to differ materially from those contemplated in such forward-looking statements. These factors include but are not limited to the fact that the Company has experienced reductions in backlog; the Company has reported operating and/or net losses in the past and may report operating and/or net loses in the future, conditions in Israel affect the Company's operations and may limit its ability to produce and sell its products, changes in technology and market requirements; decline in demand for the Company's products; inability to timely develop and introduce new technologies, products and applications; loss of market share and pressure on pricing resulting from competition. For other factors that could cause BVR Systems' results to vary from expectations, please see the Company's reports filed from time to time with the SEC.

B.V.R. Systems (1998) Ltd. and Subsidiary

Consolidated Statements of Financial Position as of

March 31 December 31
2009 2008 2008
(Unaudited) (Unaudited) (Unaudited)
$ thousands $ thousands $ thousands

Assets

Current assets
Cash and cash equivalents 1,228 6,766 4,249
Restricted bank deposits 8,742 2,850 8,251
Trade receivables 9,187 2,196 3,406
Other receivables 2,309 494 2,526
Inventories 1,322 1,322 1,322

Total current assets 22,788 13,628 19,754

Other non-current assets 1,436 3,498 757
Property, plant and equipment 794 833 792
Intangible assets 122 238 109

Total non-current assets 2,352 4,569 1,658

Total assets 25,140 18,197 21,412



Consolidated Statements of Financial Position as of

March 31 December 31
2009 2008 2008
(Unaudited) (Unaudited) (Unaudited)
$ thousands $ thousands $ thousands

Liabilities and Shareholders' Equity

Current liabilities
Short-term loans from bank and others 1,620 620 120
Trade payables 5,770 2,601 4,853
Deferred revenue 8,179 10,512 11,423
Provisions 320 81 94
Other payables 2,465 2,117 1,457
Total current liabilities 18,354 15,931 17,947
Post employment long-term benefits 81 43 77
Total non-current liabilities 81 43 77
Total liabilities 18,435 15,974 18,024

Shareholders' equity
Share capital 25,891 25,891 25,891
Share premium 16,944 16,944 16,944
Accumulated deficit (36,130) (40,612) (39,447)

Total shareholders' equity 6,705 2,223 3,388

Total liabilities and
shareholders' equity 25,140 18,197 21,412


Consolidated Statements of Operations for the

Three months ended Year ended
March 31 December 31
2009 2008 2008
(Unaudited) (Unaudited) (Unaudited)
$ thousands $ thousands $ thousands

Revenues:
Sales 9,618 6,466 29,711
Royalties, commissions and others 2,874 1,092 1,855
Total revenues 12,492 7,558 31,566
Cost of revenues 7,208 5,441 23,282
Gross profit 5,284 2,117 8,284

Operating expenses:
Research and development 490 276 1,213
Selling and marketing 492 577 2,128
General and administrative 745 740 2,773
Total operating expenses 1,727 1,593 6,114
Operating profit 3,557 524 2,170
Financial income 161 34 219
Financial expenses (418) (75) (766)
Financial expenses, net (257) (41) (547)
Profit before taxes on income 3,300 483 1,623
Income tax expense - - -
Net profit for the year 3,300 483 1,623

Earnings per share
Basic earnings per share 0.03 0.00 0.0139
Diluted earnings per share 0.03 0.00 0.0139

Weighted-average number of ordinary shares
of nominal NIS 1.00 par value outstanding
(in thousands) used in calculation of the
Basic earnings (loss) per share 116,971 116,901 116,952

Weighted-average number of ordinary shares
of nominal NIS 1.00 par value outstanding
(in thousands) used in calculation of
diluted earning (loss) per share 116,971 116,915 116,958



Contacts:
Ilan Gillies, CEO
BVR Systems (1998) Ltd.
Tel: +972-3-900-8000

SOURCE BVR Systems (1998) Ltd.



----------------------------------------------
Contacts: Ilan Gillies
CEO
BVR Systems (1998) Ltd.
Tel: +972-3-900-8000

BVR Systems Announces Receipt of Notice From Milestones Upgrading & Industries Company Ltd.
May 4, 2009 5:59:00 AM


Email Story Discuss on ZenoBank

View Additional ProfilesROSH HA'AYIN, Israel, May 4 /PRNewswire-FirstCall/ -- BVR Systems (1998) Ltd. (OTC: BVRSF), announced today, further to its announcement dated March 3, 2009, that Milestones Upgrading & Industries Company Ltd., an investment company managed by Messers. Oded and Ron Tira, has completed a due diligence review and has not provided any comments to the company in connection therewith, and that the company and Milestones have reached a form of a definitive agreement acceptable to both parties; however, Milestones has informed the company, on Sunday, May 3, 2009, that Milestones has encountered technical difficulties that may come in the way of moving forward with their investment in the company and stated that in order to ascertain if Milestones is able to resolve these difficulties they request an extension of the negotiation period detailed in the Agreement in Principle entered into between the parties on March 3, 2009. In view of the above the company is considering its further actions.

About BVR Systems

BVR Systems (1998) Ltd. is a world leader in advanced defense training and simulation systems. The Company offers highly efficient, cost-effective solutions to the simulation, training and debriefing needs of modern air, sea and ground forces.

For more information visit the Company's web site at http://www.bvrsystems.com

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 BVR 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. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: changes in technology and market requirements; decline in demand for BVR's products; inability to timely develop and introduce new technologies, products and applications; loss of market share and pressure on pricing resulting from competition, which could cause the actual results or performance of BVR to differ materially from those contemplated in such forward-looking statements. BVR 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 BVR, reference is made to BVR's reports filed from time to time with the Securities and Exchange Commission.

Contact:
Ilan Gillies - CEO
BVR Systems (1998) Ltd.
Tel +972-3-900-8000


SOURCE BVR Systems (1998) Ltd.



----------------------------------------------
Contact: Ilan Gillies - CEO
BVR Systems (1998) Ltd.
Tel +972-3-900-8000

BVR Systems Awarded a Project to Provide Training Courses for Weapon System Operators

Last update: 4:52 a.m. EST Jan. 29, 2009
ROSH HA'AYIN, Israel, January 29, 2009 /PRNewswire-FirstCall via COMTEX/ -- BVR Systems (1998) Ltd. (BVRSF:
bvr sys ) , announced today it was awarded a contract with a leading air force to train Instructors of Weapon Systems Operators (IWSO). The contract is valued at approximately $US 1.45 million.
The training courses will qualify the instructors in performing Air-to-Air and Air-to-Surface roles, as well as warfighter fundamentals such as airmanship and emergency procedures handling. The course will be conducted through both classroom lectures and practice sessions in BVR's Full Mission Simulator.
BVR Systems' Chief Executive Officer, Mr. Ilan Gillies, commented that "this contract award represents a broadening of BVR's product portfolio into the military instructional courses market, in accordance with our strategy of providing a complete training portfolio to our customers, and further reflects our customers' confidence in BVR's unique training capabilities and solutions."

BVR Systems Awarded an Additional License Agreement for its Airborne Embedded Training Patents

Last update: 4:07 a.m. EST Jan. 6, 2009
ROSH HA'AYIN, Israel, January 6, 2009 /PRNewswire-FirstCall via COMTEX/ -- BVR Systems (1998) Ltd. (BVRSF:
announced today it has entered into a license agreement, valued at approximately $US 2.9 million, with a major European Defense company pursuant to which BVR granted the company a worldwide, non exclusive license to BVR's Embedded Virtual Avionics (EVA) patents.
In addition to this agreement BVR and the company will further evaluate joint business opportunities in the area of live and virtual training.
"We are very pleased by this agreement," responded BVR CEO Ilan Gillies. "This award is a further achievement in our long term strategy to capture a major share in the rapidly evolving global embedded training market, and an additional recognition of the added value of our unique IP. We will continue to lead the market with innovative and mature solutions while protecting our IP rights."
About BVR Systems BVR Systems (1998) Ltd. is a world leader in advanced defense training and simulation systems. The Company offers highly efficient, cost-effective solutions to the simulation, training and debriefing needs of modern air, sea and ground forces.
For more information visit the Company's web site at http://www.bvrsystems.com

***DD***

BVR Systems (1998) Ltd. is a world leader in the development, manufacture and delivery of training and simulation turnkey projects for the military and civil markets. BVR offers highly efficient and cost-effective integrated solutions for air, sea and land forces, and has provided outstanding products to our international customer base since 1987.

BVR's products cover the principal training areas of live/embedded, virtual and constructive training. BVR is focused on the delivery of training solutions for joint force, on-board training and distributed simulation systems.

WEBSITE:

http://www.bvrsystems.com

CONTACT INFORMATION:

B.V.R. Systems (1998) Ltd.
16 Ha'melacha Street Park Afek
Rosh Ha'ayin 48091
Israel
Phone: 972-3-900-8000

RECENT SEC FILING:

http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=6109206

BVR wins full mission aircraft simulator deal
The customer is a new one for BVR.
Globes' correspondent 25 Jun 08 12:53
BVR Systems (1998) Ltd. (Bulletin Board:BVRSF.OB) today announced a $4.95 million contract with a new customer.
The deal is for the provision of a trainer aircraft full mission simulator (FMS) for an international customer.

BVR's state-of-the-art Trainer Aircraft Simulator enables mission and tactical training and instruction of both undergraduate and experienced pilots. The Simulator comprises a single-seat simulator cockpit; an Instructor Operator Station; a visual display and image generation system, support equipment and peripherals.

The simulator may be networked to other simulation systems, thereby providing a distributed mission training capability. The system will enable pilots to train on a vast range of operational tasks, procedures and emergency situations.

BVR Systems CEO Ilan Gillies said that contract was awarded on the basis of BVR's continued success in the delivery of simulation and training solutions to its widening base of international customers, adding, "We are proud in our success to maintain a significant growth and a firm backlog".

BVR Systems (1998) Ltd. provides simulation, training and debriefing solutions for air, sea and ground forces. Its bulletin board-traded shares closed at $0.18 yesterday, giving a market cap of $21 million.

Published by Globes [online], Israel business news - www.globes-online.com - on June 25, 2008

anyone home????

BVR Systems wins air combat training contract
The training system has already been chosen by 18 air forces.

Shiri Habib 7 Jan 08 14:31
BVR Systems (1998) Ltd. (Bulletin Board:BVRSF.OB) continues to win contracts, today announced the award of a contract, valued at $18.4 million from an unnamed international customer. The contract is for the provision of the firm's EHUD Air Combat Maneuvering Instrumentation (ACMI) system. The EHUD ACMI system is an air-to-air and air-to-ground mission training and debriefing system. The EHUD system will be used for real time, autonomous networked combat training and debriefing. The contract includes the provision of new EHUD ACMI pods, as well as interoperability with the existing BVR-supplied system already in service with this Air Force. 18 air forces across the world have chosen the EHUD system. BVR Systems’ CEO, Ilan Gillies commented: “The new award is our first order for the year 2008. It follows a company announcement in early November 2007 of another ACMI system contract award valued at $19.5 million. BVR concluded 2007 with new booked orders valued at $42 million, a substantial growth over 2006.” Rosh Ha'ayin-based BVR, a bulletin board-traded stock, has a market cap of $20 million. In the third quarter of 2007 it recorded revenue of $2.7 million, of which 96% was from equipment sales, and the remainder was from royalties.
Published by Globes [online], Israel business news - www.globes-online.com - on January 7, 2008

BVR Systems (1998) Ltd. Reports Third Quarter Results for 2007
Wednesday November 21, 3:52 am ET

ROSH HA'AYIN, Israel, November 21 /PRNewswire-FirstCall/ -- BVR Systems (1998) Ltd. (OTC:BVRSF - News), a diversified world leader in advanced military training and simulation systems, today announced a net loss of $0.8 million or $0.01 per share for the third quarter of 2007, compared with a net loss of $0.6 million, or $0.01 per share for the third quarter of 2006. Net loss for the first nine months of 2007 was $1.8 million or $0.02 per share, compared with a net loss of $2.1 million or $0.02 per share for the first nine months of 2006.

Revenues for the third quarter of 2007 were $2.7 million, compared with revenues of $2.6 million for the third quarter of 2006. For the first nine months of 2007, BVR's revenues were $9.7 million compared with revenues in the first nine months of 2006 of $6.4 million.

Gross profit for the third quarter of 2007 was $0.5 million, compared with a gross profit of $0.4 million for the third quarter of the previous year. For the first nine months of 2007, gross profit was $2.2 million compared with a gross profit of $1.1 million for the first nine months of 2006.

Operating loss for the third quarter of 2007 was $0.7 million, compared with an operating loss of $0.6 million for the same period last year. Operating loss for the first nine months of 2007 was $1.8 million compared with an operating loss of $1.9 million for the first nine months of 2006.

BVR's order backlog at the end of the third quarter of 2007 was approximately $34.0 million.

On October 31, 2007 the Company announced the award of a major EHUD(TM) Air Combat Maneuvering Instrumentation (ACMI) system contract in the value of approximately US $19.5 million.

BVR Systems (1998) Ltd., (OTC: BVRSF - News) is a diversified world leader in advanced defense training and simulation systems. For more information, visit the Company's web site at http://www.bvrsystems.com.

Safe Harbor

This press release contains forward-looking statements within the meaning of the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. These statements are based on the current expectations or beliefs of BVR Systems' management and are subject to a number of factors and uncertainties that could cause actual results or performance of the Company to differ materially from those contemplated in such forward-looking statements. These factors include but are not limited to the fact that the Company has experienced reductions in backlog; the Company has reported operating and/or net losses in the past and may report operating and/or net loses in the future, conditions in Israel affect the Company's operations and may limit its ability to produce and sell its products, changes in technology and market requirements; decline in demand for the Company's products; inability to timely develop and introduce new technologies, products and applications; loss of market share and pressure on pricing resulting from competition. For other factors that could cause BVR Systems' results to vary from expectations, please see the Company's reports filed from time to time with the SEC.


Consolidated Balance Sheet

September 30 December
31
2007 2006 2006
US$ US$ US$
thousands thousands thousands
Unaudited Unaudited Audited
Assets

Current assets

Cash and cash equivalents 3,483 2,078 3,421
Restricted bank deposits 630 949 967
Trade receivables 2,197 2,870 4,383
Other receivables and prepaid expenses 371 599 262
Inventories 2,021 2,021 2,021

Total current assets 8,702 8,517 11,054

Other non-current assets 2,045 1,055 1,155

Fixed assets
Cost 10,712 10,259 10,379
Less - accumulated depreciation 9,809 9,422 9,514

Fixed assets, net 903 837 865

Other assets, net 146 243 219

Total assets 11,796 10,652 13,293



Consolidated Balance Sheet

September 30 December
31
2007 2006 2006
US$ US$ US$
thousands thousands thousands
Unaudited Unaudited Audited

Liabilities and Shareholders'
Equity

Current liabilities

Current maturities of long-term - 516 516
bank loans
Short term loans 620 120 120
Trade payables 1,412 1,447 1,487
Excess of advances from customers
over amounts
recognized as revenue 3,743 541 2,952
Other payables and accrued expenses 2,280 2,087 2,492

Total current liabilities 8,055 4,711 7,567

Long-term liabilities

Long-term payables - 278 154
Liability for employee severance 163 148 166
benefits, net

Total long-term liabilities 163 426 320

Shareholders' equity

Share capital:
Ordinary shares NIS 1.00 par value
400,000,000 shares
authorized as of September 30, 2007
and December 31, 2006
and 200,000,000 shares authorized
as of September 30, 2006;
116,863,757 shares issued as of
September 30, 2007,
December 31, 2006 and September 30,
2006; and
116,863,757 shares outstanding as
of September 30, 2007
and December 31, 2006, and
116,813,757 shares outstanding
as of September 30, 2006 25,861 25,849 25,861
Additional paid-in capital 17,005 16,985 16,992
Accumulated deficit (39,288) (37,319) (37,447)

3,578 5,515 5,406

Total liabilities and
shareholders' equity 11,796 10,652 13,293



Consolidated Statements of Operations

Nine months ended Three months ended Year
September 30 September 30 ended
2007 2006 2007 2006 December
31, 2006
US$ US$ US$ US$ US$
thousands thousands thousands thousands thousands
Unaudited Unaudited Unaudited Unaudited Audited

Revenues:
Sales 9,203 6,148 2,600 2,545 9,827
Royalties and 528 212 105 19 276
commissions

Total revenues 9,731 6,360 2,705 2,564 10,103

Cost of revenues 7,486 5,288 2,211 2,126 7,866

Gross profit 2,245 1,072 494 438 2,237

Operating expenses:
Research and 719 457 194 185 615
development
Selling and marketing 1,630 1,019 520 317 1,430
General and 1,692 1,524 527 514 2,155
administrative

Operating loss (1,796) (1,928) (747) (578) (1,963)

Financial expenses, (45) (92) (31) (27) (185)
net

Losses before income (1,841) (2,020) (778) (605) (2,148)
taxes

Tax expenses - (75) - - (75)

Net loss for the (1,841) (2,095) (778) (605) (2,223)
period

loss per share:

Basic and diluted loss
per share (in US$) (0.02) (0.02) (0.01) (0.01) (0.02)

Weighted average
number of
ordinary shares (in
thousands)
used in calculation of
the basic
and diluted loss per 116,864 110,849 116,864 116,781 112,361
share



Contacts:

Ilan Gillies, CEO
BVR Systems (1998) Ltd.
Tel: +972-3-900-8000


--------------------------------------------------------------------------------
Source: BVR Systems (1998) Ltd.

http://biz.yahoo.com/prnews/071121/ukw013.html?.v=101

IAI wins $41m Asian contracts
The company will supply new versions of its Ehud air combat training and debriefing systems.
Yael Gross-Englander 14 Nov 07 15:13
Israel Aerospace Industries Ltd. (IAI) has won a $41 million order to provide Ehud Air Combat Maneuvering Instrumentation (ACMI) systems for training and debriefing to two Asian countries, whose identities were not disclosed.
One country bought the latest Ehud Air Defense Training System for $25 million This version allows for a close connection between fighter aircraft training in suppression of enemy air defense (SEAD) missions and anti-aircraft batteries practicing interception. BVR Systems (1998) Ltd. (Bulletin Board:BVRSF) is a subcontractor in this contract.

The second country already uses an earlier version of the Ehud, and has bought an upgrade, which will allow for network training of aircraft in the air and will have full compatibility with previous generation systems.

The Ehud is operated by the air forces of Israel, Germany, France, Italy, Thailand, Belgium, Portugal, the Netherlands, the UK, and the NATO Flight School.

Published by Globes [online], Israel business news - www.globes-online.com - on November 14, 2007

BVR Systems wins Asian air force deal
The air force already has an existing BVR system in place.

Globes' correspondent 31 Oct 07 12:28
BVR Systems (1998) Ltd. (Bulletin Board:BVRSF.OB today announced the award of a contract, valued at approximately $19.5 million, for the provision of an EHUD air combat maneuvering instrumentation (ACMI) system for an Asian Air Force.
The EHUD ACMI system will be used for real time, autonomous combat training and debriefing. The contract includes the provision of new systems, static and mobile, as well as interoperability with an existing BVR supplied system already in service with this Air Force. MLM, a division of IAI, which cooperates with BVR in the production of the EHUD ACMI system, will act as BVR’s subcontractor for the project.

BVR Systems’ CEO, Ilan Gillies commented: “This new contract emphasizes once again the EHUD product's overall excellent reputation for enhancing the training value and operational levels of air forces in Asia, NATO and around the world."

To date, 18 leading air forces across four continents, including many NATO countries, have chosen the EHUD ACMI solution.

The EHUD ACMI system is a complete on-board autonomous training and safety suite, with state-of-the-art post-flight PC debriefing capabilities. The system’s sophisticated safety features include mid-air and ground collision audio warnings in addition to an extensive rule violation library.

BVR Systems (1998) Ltd. is a world leader in advanced defense training and simulation systems. The Company offers highly efficient, cost-effective solutions to the simulation, training and debriefing needs of modern air, sea and ground forces.

The Rosh Ha'ayin based company trades on the over the counter bulletin board at a market cap of about $22 million.

Published by Globes [online], Israel business news - www.globes.co.il - on October 31, 2007

http://globes-online.com/serveen/globes/docview.asp?did=1000269596&fid=942

BVR Systems Wins $19.5 M Contract for Asian Air Force
Wednesday October 31, 4:28 am ET

ROSH HA'AYIN, Israel, October 31 /PRNewswire-FirstCall/ -- BVR Systems (1998) Ltd. (OTC Bulletin Board: BVRSF.OB - News), today announced the award of a contract, valued at approximately 19.5 million US dollars, for the provision of an EHUD(TM) Air Combat Maneuvering Instrumentation (ACMI) system for an Asian Air Force.

The EHUD(TM) ACMI system will be used for real-time, autonomous combat training and debriefing. The contract includes the provision of new systems, static and mobile, as well as interoperability with an existing BVR supplied system already in service with this Air Force. MLM, a division of IAI, which cooperates with BVR in the production of the EHUD(TM) ACMI system, shall act as BVR's subcontractor for the project.

BVR Systems' CEO, Ilan Gillies commented: "We are pleased to receive this contract fortifying the EHUD(TM) ACMI system's prime position as the top air combat training system in the world today. This new contract emphasizes once again the EHUD(TM) product's overall excellent reputation for enhancing the training value and operational levels of air forces in Asia, NATO and around the world. This award is a further tribute to BVR's technological leadership and strong competitive position for On-Board and Embedded training systems."

To date, 18 leading air forces from four continents, amongst them many NATO countries, have chosen the EHUD(TM) ACMI solution.

The EHUD(TM) ACMI system is a complete on-board autonomous training and safety suite, with state-of-the-art post-flight PC debriefing capabilities. The EHUD(TM) rangeless system is designed to enhance the airborne training of fighter pilots for a broad range of missions. It is a highly effective Air-to-Air and Air-to-Ground mission training and debriefing system. The system's sophisticated safety features include mid-air and ground collision audio warnings, in addition to an extensive rule violation library. BVR's EHUD(TM) is unsurpassed in capability, reliability and maintainability.

BVR Systems (1998) Ltd. is a world leader in advanced defense training and simulation systems. The Company offers highly efficient, cost-effective solutions to the simulation, training and debriefing needs of modern air, sea and ground forces. For more information visit the Company's web site at http://www.bvrsystems.com.

http://biz.yahoo.com/prnews/071031/ukw013.html?.v=101

BVR Systems to provide air defense simulator
BVR will work with an IAI unit on the project.
Globes' correspondent 2 Oct 07 12:35
BVR Systems (1998) Ltd. (Bulletin Board:BVRSF.OB) has reported a contract valued at $5.8 million for the provision of an air defense embedded simulator for an international customer.
BVR is the main subcontractor for the project and will provide major components of the system. MLM, a division of IAI, will act as the prime contractor.


The air defense embedded simulator is a live training solution, which is integrated with various short and medium range air defense systems. It provides networked and distributed mission training to air-defense operators in the field, by creating realistic battle-space conditions, including both live and virtual participants. The operator's actions are monitored and they receive real time feedback on the engagement results, using BVR’s high fidelity simulation models and scenario generator.

The simulator allows for training of air defense forces from the operator to the battalion level in scenarios ranging from pure virtual threats through scenarios with real aircrafts fitted with system up to hybrid scenarios of real and virtual threats.

Recently, BVR announced that it would integrate Israeli firm Nemesysco's Layered Voice Analysis technology into BVR's training systems.

"Layered Voice Analysis is designed for emotion detection. By measuring stress levels and other emotions of a person operating a flight simulator, one can get an idea about emotional and cognitive levels and add it to the overall calculation of the simulation results. In some cases, this may turn out to be a crucial factor in decisions based on these results ", said Nemesysco CEO Amir Liberman.

Rosh Ha'ayin-based BVR Systems (1998) Ltd. develops and markets advanced defense training and simulation systems. The firm trades on the OTC bulletin board with a market cap of $22 million.

Published by Globes [online], Israel business news - www.globes.co.il - on October 2, 2007

BVR Systems Wins Air Defence Embedded Simulator Contract Valued at US$5.8 Million
Tuesday October 2, 4:51 am ET

ROSH HA'AYIN, Israel, October 2 /PRNewswire-FirstCall/ -- BVR Systems (1998) Ltd. (OTC Bulletin Board: BVRSF - News), today announced a contract valued at US$5.8 million for the provision of an Air Defence Embedded Simulator for an international customer.

The Air Defence Embedded Simulator is an innovative live training solution, which is integrated to various Short and Medium Range Air Defense systems. The Air Defence Embedded Simulator provides a networked and distributed mission training to the air-defense operators at the field, by creating realistic battle-space conditions, which includes both live and virtual participants. The operator's actions are monitored and they receive real time feedback on the engagement results, using BVR's high fidelity simulation models and scenario generator.

The Air Defence Embedded Simulator is a multi-level training system, allows for training of the Air Defence forces from the operator to the battalion level in scenarios constructed from pure virtual threats through scenarios with real aircrafts fitted with The EHUD(TM) ACMI system up to hybrid scenarios of real and virtual threats.

BVR is the main subcontractor for the project and shall provide major components of the system. MLM, a division of IAI, which cooperates with BVR in the production of the EHUD(TM) ACMI systems, shall act as the prime contractor.

BVR Systems' CEO Ilan Gilles commented, "The Air Defence Embedded Simulator is an important element in the BVR product line fulfilling the BVR vision of offering its customers systems enabling large scale joint force training scenarios. The Air Defence Embedded Simulator together with The In Flight Electronic Warfare System (IFEWS) and the BVR Air Defence Simulator (ADS) enable the conduct of large scale exercises featuring anti air threats evasion operations training for the IFEWS equipped aircrafts whilst training the Air Defence forces."

About BVR Systems

BVR Systems (1998) Ltd. is a world leader in advanced defense training and simulation systems. The Company offers highly efficient, cost-effective solutions to the simulation, training and debriefing needs of modern air, sea and ground forces.

For more information visit the Company's web site at http://www.bvrsystems.com

http://biz.yahoo.com/prnews/071002/uktu028.html?.v=12

BVR to Integrate Nemesysco's Layered Voice Analysis Technology for Emotion Detection in Flight Simulators
Tuesday September 25, 4:47 am ET

NETANYA and ROSH HA'AYIN, Israel, September 25 /PRNewswire-FirstCall/ -- Nemesysco Ltd., a leading provider of voice analysis technologies for the defense and civilian markets and BVR Systems Ltd. (OTC Bulletin Board: BVRSF - News), a world leader in development and delivery of training & simulation solutions for joint force, on-board training and distributed simulation systems have announced today that Nemesysco's LVA technology (Layered Voice Analysis) is to be integrated into BVR's virtual, live and constructive training systems.

"Initially, the LVA is planned to be integrated into BVR's Flight Simulator. BVR's full mission simulators provide training for all aspects of the mission's flight and procedures. Integrating Voice Analysis technologies into the simulators provides a whole new aspect of the training and debriefing and enhances the benefits for our customers" commented Mr. Ilan Gillies, CEO, BVR and added: "We introduced the integrated solution in the recent International Paris Air Show and received excellent feed-backs. This cooperation is another step in our efforts to encompass high-end technologies in our simulation solutions".

"LVA is a patented technology designed for emotion detection. By measuring stress levels and other emotions of a person operating a flight simulator, one can get an idea about emotional and cognitive levels and add it to the overall calculation of the simulation results. In some cases, this may turn out to be a crucial factor in decisions based on these results. We are thrilled to have our voice analysis technologies implemented in BVR's worldwide known flight simulators" said Mr. Amir Liberman, CEO, Nemesysco.

About Nemesysco

Nemesysco Ltd. is a leading provider of voice analysis and emotion detection technologies, for defense and civilian markets. Nemesysco's LVA (Layered Voice Analysis) technology detects the emotional content of a conversation, in real-time or from recorded materials, enabling analysis of different types of stress, cognitive processes and various emotional reactions. Nemesysco's products are implemented in a wide variety of applications for law enforcement, homeland security, insurance and banks fraud prevention, employee screening, call center quality monitoring, healthcare and entertainment. Nemesysco is a privately held company, founded in 2000 and is headquartered in Netanya, Israel.

For more information please visit: http://www.nemesysco.com

http://biz.yahoo.com/prnews/070925/uktu018.html?.v=79

Defense training and simulation co BVR wins three follow-on contracts
The three deals follow an earlier $10 million contract which the company announced last week.
Shiri Habib 4 Sep 07 15:52
Flight simulation and debriefing systems company BVR Systems (1998) Ltd. (Bulletin Board:BVRSF.OB) has won three follow-on contracts from unnamed customers in Asia and South America, worth a total of $1.65 million.
BVR CEO Ilan Gilles said, "These support contracts are an important element in our value proposition. BVR's support services will allow our customers to enjoy the full benefits of their simulator & training systems and maximize their availability and use."

BVR has a market cap of $20 million. The company published its financial report for the second quarter last week, posting a net loss of $1.1 million on $2.9 million revenue. The company also announced last week a contract worth $10 million to provide an air defense simulator to an unnamed customer.

Published by Globes [online], Israel business news - www.globes.co.il - on September 4, 2007

Hi Eli,

Re: ALVR, #board-1917 of course i follow it, one of my
best holdings lately

Re :SPZI, my commissions for sub-penny stocks are killing
me

Re: BVR, i agree, it's a very unfriendly investors stock,
sometimes whole days with hardly or no volume at all.

Regards,

Dubi

Helllloooooo Dubi
how are you man?
ALVR doing fine - great contract today, saw it ?

regarding BVR
B/A 0.15 X 0.19, No volume at all )-:
too much risky for me. if i had the funds i most probably was added more SPZI.PK (it's not late for you to jump in. something huge is cooking (maybe a buy out), big news will come soon)

GL
eli

BVR Systems Wins Three Support Contracts Valued at US$1.65 Million
Tuesday September 4, 5:02 am ET


ROSH HA'AYIN, Israel, September 4 /PRNewswire-FirstCall/ -- BVR Systems (1998) Ltd. (OTC Bulletin Board: BVRSF - News), today announced three follow-on contracts from Asian & S. American customers, in an aggregated value of $1.65M. The programs call for the provision of Integrated Logistic Support services for a period of three years for training systems previously provided by BVR.
The contracts involve support of both land-based simulators & airborne products, and include on and off-site maintenance, software & hardware support, periodical system upgrades, and supply of spares.

BVR Systems' CEO Ilan GillIes commented "These support contracts are an important element in the BVR's value proposition, fulfilling the BVR vision of offering its customers a complete range of products and services to support their training requirements. BVR's support services will allow our customers to enjoy the full benefits of their simulator & training systems and maximise their availability and use." Gillies added that "These contracts further emphasize the confidence of our customers in the quality of BVR's range of services".

http://biz.yahoo.com/prnews/070904/uktu014.html?.v=101

BVR Systems (1998) Ltd. Reports Second Quarter Results for 2007
Thursday August 30, 4:00 pm ET

ROSH HA'AYIN, Israel, August 30 /PRNewswire-FirstCall/ -- BVR Systems (1998) Ltd. (OTCBB: BVRSF.OB - News), a diversified world leader in advanced military training and simulation systems, today announced a net loss of $1.1 million or $0.01 per share for the second quarter of 2007, compared with a net loss of $1.2 million, or $0.01 per share for the second quarter of 2006. Net loss for the first six months of 2007 was $1.1 million or $0.01 per share, compared with a net loss of $1.5 million or $0.01 per share for the first six months of 2006.

Revenues for the second quarter of 2007 were $2.9 million, compared with revenues of $1.5 million for the second quarter of 2006, which amounts to a 93% growth. For the first six months of 2007, BVR's revenues were $7.0 million compared with revenues in the first six months of 2006 of $3.8 million, which amounts to an 84% growth.

Gross profit for the second quarter of 2007 was $0.3 million, compared with a gross loss of $70 thousand for the second quarter of the previous year. For the first six months of 2007, gross profit was $1.8 million compared with a gross profit of $0.6 million for the first six months of 2006, which amounts to a 200% growth.

Operating loss for the second quarter of 2007 was $1.1 million same as for the same period last year. Operating loss for the first six months of 2007 was $1.0 million compared with an operating loss of $1.4 million for the first six months of 2006.

BVR's order backlog at the end of the second quarter of 2007 was approximately $18.9 million compared to an order backlog of $14.4 million for the same period last year, which amounts to a 31% growth.

On August 28, 2007 the Company announced the award of an Air Defence Simulator contract in an amount of US $ 10.1 million.

BVR Systems (1998) Ltd., (OTCBB: BVRSF.OB - News) is a diversified world leader in advanced defense training and simulation systems. For more information, visit the Company's web site at http://www.bvrsystems.com.

Safe Harbor

This press release contains forward-looking statements within the meaning of the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. These statements are based on the current expectations or beliefs of BVR Systems' management and are subject to a number of factors and uncertainties that could cause actual results or performance of the Company to differ materially from those contemplated in such forward-looking statements. These factors include but are not limited to the fact that the Company has experienced reductions in backlog; the Company has reported operating and/or net losses in the past and may report operating and/or net loses in the future, conditions in Israel affect the Company's operations and may limit its ability to produce and sell its products, changes in technology and market requirements; decline in demand for the Company's products; inability to timely develop and introduce new technologies, products and applications; loss of market share and pressure on pricing resulting from competition. For other factors that could cause BVR Systems' results to vary from expectations, please see the Company's reports filed from time to time with the SEC.


Consolidated Balance Sheet
June 30 December 31
2007 2006 2006
US$ thousands US$ thousands US$ thousands
Unaudited Unaudited Audited

Assets

Current assets

Cash and cash equivalents 1,663 3,385 3,421
Restricted bank deposits 1,185 1,483 967
Trade receivables 3,295 2,268 4,383
Other receivables and
prepaid expenses 358 341 262
Inventories 2,021 2,021 2,021

Total current assets 8,522 9,498 11,054

Other non-current assets 1,074 323 1,155

Fixed assets

Cost 10,658 10,171 10,379
Less - accumulated depreciation 9,695 9,350 9,514

Fixed assets, net 963 821 865

Other assets, net 170 268 219

Total assets 10,729 10,910 13,293


Consolidated Balance Sheet
June 30 December 31
2007 2006 2006
US$ thousands US$ thousands US$ thousands
Unaudited Unaudited Audited

Liabilities and Shareholders'
Equity

Current liabilities

Credit from bank 233 - -
Current maturities of long-term
loans - 517 516
Short term loan 620 120 120
Trade payables 1,625 968 1,487
Excess of advances from
customers over amounts
recognized as revenue 1,193 624 2,952
Other payables and accrued
expenses 2,512 2,055 2,492

Total current liabilities 6,183 4,284 7,567

Long-term liabilities

Long-term payables - 391 154
Liability for employee severance
benefits, net 195 134 166

Total long-term liabilities 195 525 320

Shareholders' equity

Share capital:
Ordinary shares NIS 1.00 par
value 400,000,000 shares
authorized as of June 30, 2007
and December 31, 2006
and 200,000,000 shares
authorized as of June 30, 2006;
116,863,757 shares issued as of
June 30, 2007,
December 31, 2006 and June 30,
2006; and 116,863,757
shares outstanding as at June
30, 2007 and December 31,
2006 and 116,763,757 shares
outstanding as of June 30, 2006 25,861 25,837 25,861
Additional paid-in capital 17,000 16,978 16,992
Accumulated deficit (38,510) (36,714) (37,447)
Total shareholders' equity 4,351 6,101 5,406

Total liabilities and
shareholders' equity 10,729 10,910 13,293


Consolidated Statements of Operations

Six months ended Three months ended Year
June 30 June 30 ended
2007 2006 2007 2006 December
31, 2006
US$ US$ US$ US$ US$
thousands thousands thousands thousands thousands
Unaudited Unaudited Unaudited Unaudited Audited

Revenues:
Sales 6,603 3,603 2,943 1,462 9,827
Royalties and 423 193 - 73 276
commissions

Total revenues 7,026 3,796 2,943 1,535 10,103

Cost of revenues 5,275 3,162 2,613 1,605 7,866

Gross profit (loss) 1,751 634 330 (70) 2,237

Operating expenses:
Research and 525 272 273 196 615
development
Selling and marketing 1,110 702 571 330 1,430
General and 1,165 1,010 560 486 2,155
administrative

Operating loss (1,049) (1,350) (1,074) (1,082) (1,963)

Financial expenses, (14) (65) (12) (39) (185)
net

Loss before income (1,063) (1,415) (1,086) (1,121) (2,148)
taxes

Income tax expense - (75) - (75) (75)

Net loss for the (1,063) (1,490) (1,086) (1,196) (2,223)
period

Loss per share:

Basic and diluted loss
per share (in US$) (0.01) (0.01) (0.01) (0.01) (0.02)

Weighted average
number of
ordinary shares of
nominal
NIS 1.00 par value
outstanding (in
thousands)
used in calculation of
the basic
and diluted loss per 116,864 107,817 116,864 116,731 112,361
share



Contacts:

Ilan Gillies, CEO
BVR Systems (1998) Ltd.
Tel: +972-3-900-8000

Source: BVR Systems (1998) Ltd.

http://biz.yahoo.com/prnews/070830/ukth051.html?.v=4

BVR Systems Wins Air Defence Simulator Contract Valued at US$10.1 Million
via COMTEX

August 28, 2007

ROSH HA'AYIN, Israel, August 28, 2007 /PRNewswire-FirstCall via COMTEX News Network/ --

BVR Systems (1998) Ltd. (OTC Bulletin Board: BVRSF), today announced a contract valued at $10.1 million for the provision of an Air Defence Simulator for an international customer.

The Air Defence Simulator facility is re-configurable to support multiple weapon types and, as such, enables the training of Air Defence personnel in the operation of various Short Range Air Defence (SHORAD) weapons. Furthermore, the Simulator enables training of Air Defence Command and Control functions. The Air Defence Simulator consists of a high-end graphical display system projected over dual 14m diameter domes, each simulator enabling the mounting of various SHORAD weapons. The simulator administration is conducted using dedicated instructor stations and a debriefing auditorium.

The simulator caters for trainees to operate realistic mockups of the SHORAD weapon systems within a simulated training environment, projected on the domes, while their actions are monitored and reviewed by the instructors. After completion of the scenario, the trainees' progress to a debriefing session, where a comprehensive review of the exercise is performed featuring an advanced analysis and scoring capability.

The simulator conforms with BVR's vision of offering its customers large scale joint force training scenarios featuring real and virtual air defence and airborne assets, this is achieved by providing for full interoperability with BVR's live and virtual training systems, such as the Air Defence Embedded Simulator (ADES), the EHUD(TM) Autonomous Air Combat Maneuvering Instrumentation (AACMI) system, and the Full Mission Fighter Aircraft Simulator.

BVR Systems' CEO, Ilan Gillies, commented: "We are honored to receive this air defence simulation contract. This is an important element within the BVR product line and an additional significant milestone in BVR's strategy of focusing on the networking and interoperability among training systems." Mr. Gillies added that "the customer's decision and the encouraging increase in new orders achieved by BVR in the recent year reflect the market's faith in BVR's unique capabilities and innovative solutions."


http://biz.yahoo.com/prnews/070828/uktu011.html?.v=101

BVR Systems (1998) Ltd. Reports First Quarter 2007 Results
Tuesday May 29, 2:01 am ET

ROSH HA'AYIN, Israel, May 29 /PRNewswire-FirstCall/ -- BVR Systems (1998) Ltd. (OTCBB: BVRSF.OB - News), a diversified world leader in advanced military training and simulation systems, today announced a net profit of $23 thousand or $0.00 per share for the first quarter of 2007, compared with a net loss of $294 thousand, or $0.00 per share for the first quarter of 2006.

Revenues for the first quarter of 2007 were $4.1 million, compared with revenues of $2.3 million for the first quarter of 2006, which amounts to a 78% growth.

Gross profits for the first quarter of 2007 were $1.4 million, compared with gross profits of $0.7 million for the first quarter of the previous year, which amounts to a 100% growth.

Operating profit for the first quarter of 2007 was $25 thousand, compared with operating loss of $268 thousand for the same period last year.

BVR's order backlog at the end of first quarter of 2007 was approximately $21.3 million compared to an order backlog of $13.6 million for the same period last year, which amounts to a 56% growth.

BVR Systems (1998) Ltd., (OTCBB: BVRSF.OB - News) is a diversified world leader in advanced defense training and simulation systems. For more information, visit the Company's web site at http://www.bvrsystems.com.

http://biz.yahoo.com/prnews/070529/ukm004.html?.v=101

BVR wins another contract for its virtual tactical training program
27.3.07 | 08:29 By Shirley Yom-Tov
BVR Systems (1998) Ltd. (OTC Bulletin Board: BVRSF), announced today that its EVA - Embedded Virtual Avionics - product has been awarded an important new contract. The firm's product will serve as an alternate base for tactical training on an advanced training aircraft.

The initial contract for the adaptation, integration and qualification of EVA to this aircraft is valued at approximately $1 million .

The identity of the customer was not released.

EVA, the flagship product of BVR, is a complete embedded tactical simulation suite.

BVR is the leading supplier in the embedded training field. The system trains pilots for a wide range of mission scenarios on a variety of avionics systems.

EVA's advanced onboard training capabilities include: a Virtual Radar Suite with a full range of A/A and A/G radar modes and ground mapping capabilities, a Virtual EW suite including radar and missile warning and counter measures dispensing systems, an enhanced tactical environment including smart computer-generated forces, and ground support software for embedded training mission planning and debriefing.

BVR Systems is a world leader in advanced defense training and simulation systems. The firm offers highly efficient, cost-effective solutions to the simulation, training and debriefing needs of modern air, sea and ground forces.

In the previous week, BVR announced another contract, also worth $1 million to supply a system for naval training.

The firm has a market value of $26 million. Sales in 2006 grew by 47% to $10.1 million, with a net loss of $2.2 million, after breaking even in 2005.

http://www.haaretz.com/hasen/spages/842113.html

BVR Systems Awarded an Additional Program for its Embedded Virtual Avionics (EVA) Solution
Sunday March 25, 6:02 am ET

ROSH HA'AYIN, Israel, March 25 /PRNewswire-FirstCall/ -- BVR Systems (1998) Ltd. (OTC Bulletin Board: BVRSF - News), announced today that its EVA (Embedded Virtual Avionics) product has been awarded a new important contract. The initial contract for the adaptation, integration and qualification of EVA to this aircraft is valued at approximately $US 1.0 million.

"The selection of our Embedded Virtual Avionics solution as a baseline on- board training solution is yet another important market recognition of BVR's leading position within the airborne embedded training market," responded BVR CEO Ilan Gillies. "Our strategy to focus on live and embedded training opportunities has proven itself in the last year. The direct results are reflected in multiple awards in both airborne and naval embedded training programs as well as the growing appreciation by both industry partners and customers."

"This is a significant step in the realization of the estimates made by Frost & Sullivan when they recently awarded BVR the Entrepreneurial Company of the year in the market of military training and simulation. In the award, Frost & Sullivan acknowledged the potential of BVR's unique and mature EVA (Embedded Virtual Avionics) solution as well as the IP rights related to this product."

A Full-Service Airborne Training & Simulation Solution

EVA, a mature, complete embedded tactical simulation suite, is the flagship product of BVR, the leading supplier in the embedded training field. The system trains pilots for a wide range of mission scenarios on a variety of avionics systems.

EVA's advanced onboard training capabilities include: a Virtual Radar Suite with a full range of A/A and A/G radar modes and ground mapping capabilities, a Virtual EW suite including radar and missile warning and counter measures dispensing systems, an enhanced tactical environment including smart computer-generated forces, and ground support software for embedded training mission planning and debriefing. Integration in all types of aircraft is as simple as plugging a new card into the avionics mission computer.

EVA offers a full array of advanced pre-, in- and post-flight simulation modules, including mission debriefing and 'what if' analysis tools. Its airborne capabilities are supplemented by a PC ground station for exercise planning and 3D mission rehearsal and debriefing. The ground station can also be connected to the training network using advanced data link capabilities for real-time monitoring.

http://biz.yahoo.com/prnews/070325/clsu502.html?.v=1

BVR Systems Awarded a Three Years Maintenance Contract for Naval Embedded Simulation Program
Wednesday March 21, 6:11 am ET

ROSH HA'AYIN, Israel, March 21 /PRNewswire-FirstCall/ -- BVR Systems (1998) Ltd. (OTC Bulletin Board: BVRSF - News), announced today the award of a three years maintenance contract for a naval embedded training system supplied by BVR to an international customer. The contract is valued at approximately $US 1.0 million.

BVR will provide the customer with D level maintenance for the system.

BVR Systems' CEO, Ilan Gillies, commented: "We are happy to receive this contract and be able to continue and support our customer. We take a great pride in supporting our customers throughout our system's life cycle with cost effective and forthcoming service."

BVR's Naval Combat Maneuvering Instrumentation system (NCMI) allows the integration of virtual platforms in a real sea-borne exercise to provide a hybrid-simulation training model. Hundreds of virtual entities can be shared between live and simulated participants using an advanced Datalink amongst naval platforms. NCMI is interoperable with the "EHUD" ACMI airborne pods, using a joint network.

The NCMI system instruments the different combat systems and stimulates superimposed detections of virtual targets while displaying actual detections on the operational systems.

http://biz.yahoo.com/prnews/070321/ukw003.html?.v=101

Dubi,

This works for me!!!!

Gonna have a dinner partner tonight ; ).

Gonna make her a bunch of Italian food tonight....will keep the computer up if ya wanna Skype...will have her here at 1800, pretty late for you!

BVR to supply EVA to European plane maker
BVR Systems will receive royalties on every plane that includes capabilities covered by its embedded virtual avionics patent.
Shiri Habib 9 Jan 07 12:31
BVR Systems (1998) Ltd. (Bulletin Board:BVRSF.OB) has granted a European aircraft manufacturer a worldwide, royalty bearing, non-transferable, non exclusive license to the company’s embedded virtual avionics (EVA) patent. BVR will receive royalties on every plane that includes capabilities covered by the patent. The company did not disclose the name of the manufacturer.
BVR’s EVA is protected by both US and EU patents as an “airborne avionics simulator system”, which was invented by BVR Systems chairman Aviv Tzidon and Menachem Folk. It recently won the Frost & Sullivan award for entrepreneurial company of the year in the market of military training and simulation, an award that reflected Frost & Sullivan’s recognition of the potential of BVR's EVA solution.


The company makes flight simulators and training and debriefing systems. It has a market cap of $22 million. The company’s products are sold to the armed forces of many countries, including the US, Israel, India, South Korea, and in Europe.

Published by Globes [online], Israel business news - www.globes.co.il - on January 9, 2007

Perhaps bits like this ?

BVR Systems Announces Entering Into Licenses Agreement With Aircraft Manufacturer
Tuesday January 9, 4:29 am ET


ROSH HA'AYIN, Israel, January 9 /PRNewswire-FirstCall/ -- BVR Systems (1998) Ltd. (OTC Bulletin Board: BVRSF - News), announced today it has entered into agreement with an aircraft manufacturer pursuant to which BVR granted the company a worldwide, royalty bearing, non-transferable, non exclusive license to BVR's Embedded virtual Avionics (EVA) patent, European Patent 0,732,677 and US Patent 5,807,109.
"We are very pleased by this agreement," responded BVR CEO Ilan Gillies. "This is an important step in the implementation of our strategy in the area of embedded training, and an additional recognition in the added value of our unique IP. We will continue to lead the market with innovative and mature solutions while protecting our IP rights.

"As previously announced by BVR, Frost & Sullivan have recently acknowledged the potential of BVR's unique and mature EVA (Embedded Virtual Avionics) solution. The potential is partly attributed to our patent protected IP rights that materialize in agreements such as this."

http://biz.yahoo.com/prnews/070109/uktu004.html?.v=95

Dubi,

Every little bit helps!!!

Hope your holidays are well....

BVR Systems Awarded a Program for Its Embedded Virtual Avionics (EVA) Solution
via COMTEX

December 26, 2006

ROSH HA'AYIN, Israel, Dec 26, 2006 /PRNewswire-FirstCall via COMTEX News Network/ --

BVR Systems (1998) Ltd. (OTC Bulletin Board: BVRSF), announced today it was awarded an additional program in Europe for its Embedded Virtual Avionics (EVA) solution. The contract is valued at approximately $US 1.1 million.

"This award is an additional important milestone in achieving a leading position in the airborne embedded training market," responded BVR CEO Ilan Gillies. "Our EVA solution is gaining more and more appreciation by both industry partners and customers as the leading solution for the training of the future air fighters. In the past year BVR was awarded several airborne and naval embedded training programs as part of BVR's strategy to focus and lead this market segment".

BVR was recently awarded by Frost & Sullivan as the Entrepreneurial Company of the year in the market of military training and simulation. Frost & Sullivan acknowledged the potential of BVR's unique and mature EVA (Embedded Virtual Avionics) solution as well as the IP rights related to this product.

About BVR Systems

BVR Systems (1998) Ltd. is a world leader in advanced defense training and simulation systems. The Company offers highly efficient, cost-effective solutions to the simulation, training and debriefing needs of modern air, sea and ground forces.

For more information visit the Company's web site at http://www.bvrsystems.com Contact: Ilan Gillies -- CEO BVR Systems (1998) Ltd. Tel +972-3-900-8000