March 31, 2008, Hod Hasharon, Israel - Leadcom Integrated Solutions Ltd. ('Leadcom' or 'the Company', AIM: LEAD), a leading international provider of innovative telecommunication solutions, announces that, following its February 21, 2008 announcement of the execution of a term sheet with Electra Ltd. ("Electra"), a subsidiary of Elco Holdings Ltd. ("Elco") (TASE: ELCO), for an investment in the Company, Electra today announced that it has discontinued such process.

In its announcement, Electra stated that the reasons for the foregoing discontinuation are the current price of the Company’s shares, Electra's estimates that the chances of Leadcom's shareholders approving the transaction with the required majority are low, and the Company’s announcement of March 12, 2008 with respect to the process with Old Lane (UK) LLP (“Old Lane”).

Due diligence with Old Lane is proceeding as planned.

Enquiries:

Yael Margoninsky - Leadcom

Tel: +972 9 769 0011

Andrew Godber – Panmure Gordon

Direct: +44 (0) 20 7614 8385