Re Contract

Orad Hi-Tec Systems
14 January 2008

                             Orad Hi-TecSystems Ltd

                           ('Orad' or the 'Company')



Global TV and Orad signed a US$2.5 million LOI for a sale of virtual studios
solution. First order of US$1 million has already been deployed.

Orad Hi-Tec Systems Limited (Symbol: OHT) announces that Canadian Global TV has
signed a Letter Of Intent ('LOI') for the purchase of multiple ProSet virtual
studio systems ('ProSet') which will be deployed across Global TV's 14
production facilities during 2008. Orad received the first order with a value of
US$1 million and expects to generate aggregate revenue of US$2.5 million.

Global TV, a wholly owned subsidiary of CanWest Global Communication 
('CanWest'), Canada's largest communication company, selected Orad's ProSet
virtual studio to centralize the network's production facilities, seamlessly
integrate to Global TV's existing workflow and assist in achieving the cost
saving plan that was announced by CanWest a few months ago.

Orad's ProSet will enable Global TV to implement a hub and spoke architecture
which will allow the remote production of virtual studios. In addition, Orad's
solutions will provide Global TV with substantial savings on operating costs and
improve the overall look and capabilities of local and national news telecasts
enabling them to strengthen their corporate brand. Going forward, Orad's ProSet
solution will facilitate a smooth upgrade path to High Definition, as well as
the ability to integrate multiple live video streams and video clips. The system
will be integrated with Global TV's ENPS newsroom system.

Mr. Avi Sharir, President and CEO of Orad commented: 'We are pleased that Global
TV chose Orad's virtual studio technologies to be part of the network's unique
and innovative solution. It is a further demonstration of the increase in demand
for Orad's virtual studios by major broadcasters which are seeking to reduce
operational costs and improve channel identity.'

About Orad

Founded in 1993, Orad is a world leader in TV production technology and is
rapidly increasing its position in the real time three dimensional graphics
market.  Orad's product line includes virtual sets, on-air graphics systems,
channel branding, virtual advertising, sports production solutions and hardware
for the Virtual Reality industry. Orad is a publicly traded company in the Prime
Standard on Frankfurt's Wertpapierborse Prime Standard and AIM Market of the
London Stock Exchange (symbol: OHT).
www.orad.tv


For further information please contact:

ORAD Hi-Tec Systems Ltd
Ehud Ben-Yair                                      [phone]
C.F.O                                              [e-mail]

Shore Capital - Nominated Adviser to Orad
Graham Shore, London, UK                            [phone]

Edicto Investor  Relations
Dr. Sonke Knop, Frankfurt Germany                   [phone]



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