Notes: Jan. 15, 2014 -- Alvarion® Ltd. (in interim liquidation and receivership) (Nasdaq:ALVR) announced today that by letter dated January 14, 2014, the Company was notified that the NASDAQ Listing Qualifications Hearings Panel (the "Panel") has determined to delist the Company's ordinary shares from The NASDAQ Capital Market, and to suspend trading in the shares effective at the open of business on January 16, 2014. The Company's ordinary shares will begin trading on the OTCQB Market effective with the open of the market on January 16, 2014, under the trading symbol ALVRQ. ____________ Rosh Hayain, Israel, September 16, 2013 -- Alvarion Ltd. (in Receivership) (NASDAQ: ALVR), announced today that its delisting hearing has been scheduled for October 3, 2013. As previously announced, NASDAQ has agreed to postpone the Company’s delisting hearing which was scheduled for September 11, 2013 due to personal circumstances of a key participant at the hearing. ________________ Rosh Hayain, Israel, August 25, 2013 --- Alvarion Ltd. (in Receivership) (NASDAQ: ALVR), announced today that Mr. Yoav Kfir, the court-appointed Receiver, submitted a motion to the District Court of Tel Aviv Yaffo requesting the Court to approve the sale of the Company and certain assets to Valley Telecom Ltd.. Valley Telecom offered to buy the Company’s assets and activity, excluding its patents, for an immediate payment of $1.5 million, plus milestone payments of a minimum of $1.8 million payable within 12 months. Additional payments, above the guaranteed $1.8 million, will be received, subject to the sale by Valley Telecom of the Company’s existing inventory and the collection of accounts receivables. The court-appointed Receiver expects the value of these assets, and consequently the milestone payments to be received from Valley Telecom, to be higher than the minimum agreed payment of $1.8 million. Separately, Valley Telecom offered to pay $0.5 million for newly-issued shares representing 75% of the Company’s outstanding ordinary shares. Under the terms of the offer, the court-appointed Receiver will receive newly-issued shares representing 15% of the Company’s outstanding ordinary shares, while the Company’s existing ordinary shares (total of approximately 9.3 million shares) will be diluted to represent 10% of the Company’s outstanding ordinary shares. Of the four offers submitted during the bidding process, the court-appointed Receiver believes that the offer made by Valley Telecom is the superior one and is therefore asking the Court to approve it, or alternatively schedule an emergency hearing on the matter, to be held by August 29, 2013. In addition, the court-appointed Receiver will continue his efforts to separately sell the Company’s patents. To date, an offer has already been received from Wi-LAN Inc. to acquire the Company’s patents for approximately $0.6 million. ________________ April 2, 2013, Alvarion Ltd's ordinary shares have been subject to a reverse split on a 1:10 basis and are expected to trade on a post-reverse split basis when the NASDAQ market opens today.