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BackWeb Announces Investment in and Related Agreements with OneCall Contact Centers Ltd. Subject to Shareholder Approval- Schedules Annual General Meeting of Shareholders on November 6, 2008 - SAN JOSE, Calif., October 2, 2008 – BackWeb Technologies Ltd. (Pink Sheets: BWEBF or BWEBF.PK) announced today that it has signed agreements with OneCall Contact Centers Ltd., a private company based in Israel, to make an investment in OneCall and complete certain related transactions. The agreements are subject to shareholder approval at an Annual General Meeting of BackWeb shareholders scheduled for Thursday, November 6, 2008 at 6:00 p.m. at the Company's offices at 10 Ha'amal Street, Park Afek, Rosh Ha'ayin 48092, Israel. Shareholders of record on September 24, 2008 are entitled to vote on the transactions. A proxy statement reviewing the transactions and containing BackWeb's Q1 and Q2 2008 financial results is being mailed to shareholders and will also be made available on BackWeb's website at http://backweb.com/news_events/. BackWeb also anticipates posting its 2007 annual report on its website next week. Background: In January 2008, BackWeb announced that it had determined that its level of business was not sufficient to support on-going operations nor was it experiencing significant growth. Accordingly, the Company took actions designed to preserve its cash and to evaluate opportunities for future growth. Those actions included making a substantial reduction in the Company's number of employees, announcing a future date by which the Company would end support for its products, terminating the registration of BackWeb's Ordinary Shares pursuant to the Securities Exchange Act of 1934 and entering into partnership activities with OneCall. The partnership with OneCall represented a potential opportunity for future growth and return for BackWeb shareholders. Since the January 2008 announcement, BackWeb's board of directors and management have concluded that the two primary opportunities to generate returns for shareholders are an expanded relationship with OneCall and the monetization of the Company's existing assets. As a result, BackWeb has signed the agreements with OneCall which are subject to approval by shareholders. In parallel, the company continues to support its existing customers and investigate opportunities to monetize its assets. © 2008 BackWeb Technologies Ltd. All rights reserved. BackWeb is a registered trademark. All other trademarks are property of their respective owners. Statements in this news release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements of beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, but are not limited to, statements regarding the potential value of our relationship with OneCall and our ability to monetize the assets of the Company, and future growth and return for shareholders. Factors that could cause actual results to differ materially from expectations include, but are not limited to: OneCall operates in an emerging, rapidly evolving and highly competitive industry, and, as a result, its business may not prove successful; and our stockholders might not vote to approve the transactions with OneCall.. BackWeb assumes no obligation to update any of the forward-looking statements in this release. # # # For any questions or comments, please contact:
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