PRESS RELEASE

Tel Aviv, Israel -- November 3, 2008 -- Gizmox (http://www.visualwebgui.com), the developer of Visual WebGui open source platform, today announced a Contest, sponsored by the Company, which will pay $10,000 to anyone who can hack into its Visual WebGui Platform. The Contest will take the shape of an investigation into the identity of a secret agent. The goal of the contest is to uncover the true identity of their secret agent, code named OWL. The Contest will feature a flash movie presented within the Visual WebGui application that will contain the data necessary to uncovering the identity of the OWL. Participants will be required to provide a reproducible pathway into the Visual WebGui Pipeline (without having to penetrate any non Visual WebGui Peripherals) in order to claim the prize. The contest will begin on November 3rd and end January 30th, Participants must register to receive login information and contest details.

This is the location of the Security Challenge: http://www.visualwebgui.com/live/Security_Challenge

"We believe that our proprietary "Empty Client" portal is the most secure environment on the market and we are willing to put our money where our mouth is," said Navot Peled, CEO of Gizmox. "We don't make statements that our program is "unhackable" lightly. We have given this challenge to many people in the field and no one has been able to penetrate it., and we are sure that no one can!"

Gizmox is the Company that released Visual WebGui to the public in early 2008, and is poised to create a new standard in cloud computing. Since its release there have been over 250,000 downloads of its DHTML version. Visual WebGui (VWG) is a new 'Web like Desktop' platform that offers open source rapid application development (RAD) framework for Line of Business AJAX & Silverlight applications atop the platform. VWG cuts down development time (proven up to 90%), without compromising on extensibility, scalability, performance, security or complexity.

About Gizmox Gizmox, the developer of Visual WebGui open source platform and a member of Microsoft's Visual Studio Industry Partner (VSIP) program was founded in July 2007. Gizmox enables web like desktop platfortms; its DHTML SDK has been downloaded by over 250,000 people with more than 23,000 registered users. More than 20,000 VWG applications have been built, and are in production at enterprises such as SAP, Israel Aerospace Industry, Israeli leading Leumi Bank, Trysis, NetworkD, Net Size, American File Net, Phoenix insurance company, Blue Phoenix and many more. The company is funded by Venture Capital and private investors. Its active chairman of the board is Professor Arie Scope founder of Microsoft's Israel subsidiary, and its former General Manager and Chairman for 16 years. All brand or product names may be trademarks or registered trademarks of their respective companies.

Media Contacts Navot Peled CEO Gizmox, LTD. Tel: +972-9-7673063 Email: [email protected] http://www.visualwebgui.com

Marissa Levy Account Executive NCSM Strategic Marketing Tel:+972-2-5637527 Email:[email protected]