Radiancy Enters Agreement With Max Exchange Corporation to Supply Beauty Salons With Product for Light-Based Skin Rejuvenation

Radiancy Enters Agreement With Max Exchange Corporation to Supply Beauty Salons With Product for Light-Based Skin Rejuvenation

June 26, 2006

    ORANGEBURG, N.Y., June 26 /Xinhua-PRNewswire/ --
Radiancy today announced the signing of an agreement
between Radiancy and Max Exchange Corp., a daughter company
of Kelti International Enterprise Group the Taiwanese direct
selling giant for Cosmetic and body care products. The
agreement makes way for the distribution of the Radiancy
Facial Toning Device (FTD) to salons throughout Taiwan.

    "This marks a very special day for Radiancy,"
said Dr. Dolev Rafaeli, president and CEO of Radiancy,
"to be associated with Max Exchange Corporation in
Taiwan is a great honour for us, and we look forward to a
strong and mutually beneficial relationship."

    For Max Exchange Corporation, the move represents a
serious expansion of its products and services. "Our
aim is to better support our customers with new and
innovative products," said Vincent Chen, president of
the Max Exchange Corporation.
    The agreement calls for a minimum first year commitment
of over US$2,000,000, and will supply Radiancy Facial Toning
Devices to be distributed to their network of over 3,000
salon affiliates in Taiwan.

    With that kind of distribution power behind the
product, excitement over the Radiancy Facial Toning Device
is understandably running high. "We anticipate that
the trend created by the Max Exchange Corporation purchase
will spark interest in the product over the entire Asian
beauty sector," explained Dr. Rafaeli. "This is a
new era for the beauty industry in Asia, for the first time
light-based applications will be available to all salons,
regardless of size or status".

    Radiancy Facial Toning Device is an LHE Technology
device for gentle skin rejuvenation. Often used as part of
a salon anti-aging facial, it is reported to enhance the
absorption of creams and lotions, homogenise skin tones and
improve overall texture.

    Phase two of the Radiancy-Max Exchange Corporation
agreement calls for the joint development of a new
light-based cosmetic product created according to
specifications of the Max Exchange Corporation. Mr. Chen
expressed confidence in the new product, due out in Q4,
2006. This confidence is reflected by the inclusion of the
new product their initial order. "Facing the
challenges of the future and mastering the pulse of
changing trends, requires a broad and long-term
vision," stated Mr. Chen. "One that we feel will
be realised by offering these innovations and ever-more
effective solutions to the aesthetic industry."

    The new product will be sold by the Max Exchange
Corporation throughout Greater China.

    About Radiancy

    Radiancy Ltd. develops and manufactures safe, effective
LHE phototherapy devices for Hair-Removal, Acne-Clearance,
Skin-Rejuvenation and Psoriasis.

    Radiancy capitalised on LHE's inherent safety and
flexibility to develop a line of easy-to-use, professional
and micro-sized phototherapy devices that have
revolutionised pricing structures.

    A business oriented outlook and a strong emphasis on
client support has gained Radiancy the largest
installed-base of phototherapy devices in the world.

    For more information please contact:

     Mr. Yoni Epstein
     Radiancy Ltd.
     Tel:   [phone]
     Fax:   [phone]
     Email: [e-mail]
     Web:   http://www.radiancy.com

SOURCE  Radiancy Ltd.