Ad hoc: Electronics Line 3000 Ltd.: Electronics Line 3000 Announces Results for Q1 of 2008

Electronics Line 3000 Ltd. / Interim report / Electronics Line 3000
Announces Results for Q1 of 2008

Ad hoc announcement according to §15 WpHG processed and transmitted
by Hugin ASA. The issuer is solely responsible for the content of
this announcement.

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Recovery of Revenues to Highest Level in Twelve Months

Petach Tikva, Israel (May 5, 2008) - Electronics Line 3000 Ltd.
("EL3K" or "the Company") (XETRA: ELN), a leading global provider of
wireless security with remote management solutions announced its
financial results for the first quarter of 2008.

Financial Highlights

Revenues for the first quarter of 2008 came in at $9.4 million,
compared to $9.3 million for the comparable quarter in 2007. Revenues
have continuously increased from $8.1 million in Q3 2007 and $8.4
million in Q4 2007.

Gross margin was 39% for the first quarter of 2008, compared to 40%
for the comparable quarter in 2007.

Operating profit for the first quarter of 2008 was $65,000, compared
to $439,000 for the comparable quarter in 2007, mainly due to newly
adopted accounting policy of no longer capitalizing R&D expenses.

Net loss for the first quarter of 2008 was $285,000 compared to a net
profit of $235,000 for the first quarter of 2007.

Basic and diluted net loss per share for the first quarter of 2008
was $0.03, compared to earnings per share of $0.02 for the comparable
quarter in 2007.

Cash flow during the reported quarter, net cash provided by operating
activities was $489,000, compared to $1.9 million used in operating
activities during the comparable quarter last year. Most of the
increase in cash provided by operating activities derives from the
decrease in inventories, and decrease in trade receivables.

For more information please contact:

Electronics Line 3000 Ltd.
Shoshan Nitzan
VP Marketing
shoshan.nitzan@electronics-line.com

Schwarz Financial Communication
Frank Schwarz
Tel: +49 611 1745 398 11
schwarz@schwarzfinancial.com

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Electronics Line 3000 Ltd.
2 Granit St., P.O.B. 3253 Petah Tikva
Israel

WKN: A0B5R7; ISIN: IL0010905052; Index: CDAX, Prime All Share, TECH
All Share;
Listed: Geregelter Markt in Frankfurter Wertpapierbörse, Freiverkehr
in Börse Berlin,
Freiverkehr in Bayerische Börse München, Prime Standard in
Frankfurter Wertpapierbörse;