MADRID, SPAIN - TEL AVIV, ISRAEL, January, 2009 Smadar Shilo, CEO of IsraelWise Investments Ltd., announced today that the company signed a cooperation agreement with Madrid based Demtech International SL, a European marketing and distribution consultancy.

IsraelWise Investments Ltd. the owner and operator of the ISRAELWISE site, is a provider of investment banking and business development services. IsraelWise's clientele comprises of Israeli companies aiming to sell abroad, as well as to international companies interested in building relationships with Israeli companies.

Demtech is a Spanish based outsourcing, sales and business development  consultancy (www.demtech.biz), focused on assisting foreign high tech companies in their expansion in the Spanish, Portuguese, Italian and Latin American markets, offering an outsourced business development, sales and account management support, from market analysis to setting up subsidiaries. Demtech focus areas are Telecom and Internet, Wireless, Enterprise Software, networking equipment, hardware, mobile devices and electronics.

"IsraelWise clients can enjoy Demtech services in the Southern European markets" said Ms. Shilo. “Both are companies are dedicated to provide comprehensive professional services at the highest level and by cooperating we can bring more value to our clients."

“With more than 160 companies supported and references in the last years and direct presence through our offices in Spain, Italy and Portugal we are confident that give the right presence and support companies' needs in these regions”, said Mr. Cohen.