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D. Medical Industries Ltd. Announces Pricing of U.S. Initial Public Offering


8/5/2010 6:50:35 AM

TIRAT CARMEL, ISRAEL--(Marketwire - 08/05/10) - D. Medical Industries Ltd., a medical device company engaged through its subsidiaries in the research, development, manufacture and sale of innovative products for diabetes treatment and drug delivery, announced today the initial public offering in the United States of 1,500,906 of its ordinary shares at a price of US$7.00 per share. Prior to the initial public offering in the United States, the Company's ordinary shares were listed only in Israel on the Tel-Aviv Stock Exchange, or the TASE, under the symbol "DMDC". The Company's ordinary shares are now also expected to begin trading today, August 5, 2010, on The NASDAQ Capital Market under the trading symbol "DMED".

D. Medical has granted the underwriter a 45-day option to purchase up to 225,136 ordinary shares at the initial public offering price to cover over-allotments, if any.

Rodman & Renshaw, LLC, a subsidiary of Rodman & Renshaw Capital Group, Inc. (NASDAQ:RODM - News), acted as sole book-running manager for the offering.

The offering of these securities is being made only by means of a prospectus. A registration statement relating to these securities has been declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Copies of the final prospectus relating to this offering may be obtained for free by visiting the U.S. Securities and Exchange Commission website at http://www.sec.gov. Alternatively, a copy of the final prospectus relating to this offering may be obtained from Rodman & Renshaw, LLC, Prospectus Department, 1251 Avenue of the Americas, New York, NY, 10020, telephone: 212-430-1710 or email: info@rodm.com.

About D. Medical Industries

D. Medical is a medical device company engaged through its subsidiaries in the research, development, manufacture and sale of innovative products for diabetes treatment and drug delivery. The Company has developed durable and semi-disposable insulin pumps, which continuously infuse insulin into a patient's body, using its proprietary spring-based delivery technology. D. Medical believes that its spring-based delivery mechanism is cost-effective compared to the motor and gear train mechanisms that drive competitive insulin pumps and also allows it to incorporate certain advantageous functions and design features in its insulin pumps. D. Medical has also developed an infusion set for insulin pumps and is focusing its research and development efforts on the development of next generation insulin pumps and a device that will combine a continuous glucose monitoring system and an insulin pump on the same patch. For more information, visit http://www.dmedicalindustries.com.

Forward-Looking Statements

This press release may contain forward-looking statements that involve risks and uncertainties. These statements include, inter alia, forecasts, goals, uncertainties and assumptions. The forward-looking statements are based on our current expectations and beliefs which are based on, among other things, our analysis of publicly available information and market research reports. All forward-looking statements are subject to certain risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements. If one or more of these risks and/or uncertainties will materialize, or if the underlying assumptions prove to be incorrect, our actual results, performance or achievements could differ materially from those expressed in, or implied by, any such forward-looking statements or results which are based upon such assumptions. No assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or of any of them will transpire or occur, what impact it will have on our results of the operations or financial condition. We do not undertake to update any forward-looking statements.

Contacts: Company Contact: D. Medical Industries LTD Amir Loberman CFO +972-73-2507100 amir@dmedicalindustries.com North American Investor Contact: D. Medical Industries LTD Stephen Kilmer 905-690-2400 or M: 905-906-6908 stephen@dmedicalindustries.com Israel Investor Relations Iris Lubitch 972-775538007 il007@netvision.net.il

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