PR-Wire, Rishon LeZion.

Today at 09:00 Jerusalem Time (GMT +02:00), privately held pashabitz.com agreed to a deal with privately held Sammy Burekas to purchase one "Cheese Burekas". Terms of the purchase were not disclosed but the deal is reportedly worth 6 New Israeli Shekels in cash and cash equivalents. The cheese burekas, which sources estimate to include the "also put an egg inside?" option, will become a fully-owned subsidiary of pashabitz.com.

Says Pasha Bitz, CTO of pashabitz.com "This move enables pashabitz.com to further strengthen it's position among global leaders in the field of cheese burekas consumers, and proves our strong commitment to the morning baked goods market segment".

Industry analysts have been touting a potential IPO in the making for pashabitz.com, that could come as early as Q2 2007.

The recent acquisition joins a row of recent mergers for the Modiin, Israel based company.

About pashabitz.com

A known leader in the HTML-based products market, pashabitz.com is privately held and employs 1 workers across the globe.

Investor relations: Pasha Bitz, pavelbitz@gmail.com

About Sammy Burekas

A maker and distributor of Burekas (cheese, potato, pizza, Bulgarian), Pizza Malauach and various other baked goods and refreshing beverages, Sammy Burekas operates multiple stores across Israel.

Investor relations: Sammy Burekas (owner and CEO).

Want to join me as partner in a cool new startup?
Get in touch: pasha at cohai dot co