On March 30, 2009, Stephen N. Crea, age 47, was appointed as the Chief Financial Officer of Medis Technologies Ltd. (the "Company"). As Chief Financial Officer, Mr. Crea will be charged with all financial management functions including budgeting, reporting, tax and audit management, directing financial strategy, planning and forecasting, and supervising the Company's investment portfolio and capital fundraising.

In connection with his appointment, Mr. Crea and the Company entered into a Consulting Agreement, the term of which commenced on April 1, 2009 and ends on June 30, 2009, with an automatic six month renewal period unless terminated by either party. Both parties have the right to terminate the Consulting Agreement upon 30 days prior written notice. Mr. Crea will be paid a fee of $200,000 per year for his services. He will be eligible to participate in the Company's equity incentive plan.

From March 2008 until March 2009, Mr. Crea was the Chief Financial Officer and Treasurer of Risk Management Solutions, Inc., a third party administrator of workers compensation claims, where he managed all financial, treasury and human resource activities. Prior to that, from October 2006 until March 2008, Mr. Crea was the Chief Financial officer and Treasurer of Cooperative Business International, Inc., an international trading and processing company of commodities, where he managed all financial and treasury activities. Prior to that, from March 2003 until October 2006, Mr. Crea was the Chief Financial Officer and Treasurer of Select Sires, Inc., a developer and marketer of artificial insemination genetics and related products and services to the dairy and beef industries, where he managed all financial, treasury, human resources and information systems activities. From February 1995 until March 2003, he had increasingly senior roles, culminating in the position of Vice President and Treasurer, at Insilco Technologies, Inc. and ThermaSys Corporation. Insilco was then a global manufacturer of electronic interconnect components and ThermaSys was formerly Insilco's automotive segment spun off from Insilco in August 2000. From December 1984 until February 1995, he was employed at Weyerhaeuser Company, a global forest products company, his most recent position as Plant Superintendent.

(a) Financial Statements of Businesses Acquired - None

(b) Pro Forma Financial Information - None

(c) Shell Company Transactions - None

(d) Exhibits

Exhibit No.   Description

99.1          Press release issued on April 2, 2009, announcing
              Stephen N. Crea as Chief Financial Officer