Medisafe 1 Technologies Corp has of Today Acquired

Medisafe 1 Technologies Corp has of Today Acquired 3,100,000 Shares and Continues to Acquire Shares Under its $1MM Stock Repurchase Program of 10MM Shares up to 10 Cents a Share to Facilitate its On-going Acquisitions Activity Plan

Press Release : Medisafe 1 Technologies Corp. – 16 hours ago

JERUSALEM, July 16, 2012 /PRNewswire/ --

Medisafe 1 Technologies Corp. ( MFTH ), a developer of patented technologies that physically prevent unauthorized administration of prescription medications, announced that the company has of today July 16 2012 acquired 3,100,000 under the Buyback Program which was authorized by the Board Of Directors two months ago. The share buyback program will continue and is expected to last approximately an additional 1-3 months. The shares will be returned to the Treasury of the Company to be used for further issuances for future acquisitions of companies which the company is currently in negotiation with.

Under the program approved by the BOD, Medisafe 1 Technologies is authorized to repurchase up to 10 million of its outstanding shares of common stock at a price up to $0.10 per share on the open market.

"Medisafe 1 Technologies continues to progress in our efforts to bring further added value to our shareholders," said Jacob Elhadad, CEO of Medisafe 1 Technologies Corp. "The repurchase of shares will be returned to treasury and will be used to enable us to acquire additional technologies that augment our existing commercial product line and we will updating our shareholders in the forthcoming weeks of new and exciting news in regards to further acquisitions."