Elbit Vision Systems Limited (NASDAQ: EVSN), a leading developer and manufacturer, of automatic optical inspection and quality monitoring systems for the textile and the non-woven industries, yesterday reported that the company's ordinary shares were transferred on Friday June 22, 2001 from the OTC Bulletin Board to the Nasdaq SmallCap Market.

President and CEO Ofer Yuval commented: "With our transfer from the OTC Bulletin Board to the Nasdaq SmallCap Market, we hope to see our recent increases in sales and revenues, matched by greater market exposure. We feel confident in our business model and anticipate continued consumer demand. This is another positive step for the company.''