Hi everyone,

It's been a while since the last update, so here is what is in the works right now:

1. We are working on a press release that will detail a the acceptance of Isracoin as means of payment for buying land in a prestigious real-estate development. This has been in the works for quite some time and we will be releasing it in Israeli news media either this week or early next week. We can tell you that one of the really cool parts of this deal, other than being the first time in the world (as far as we know) that you can buy land with crypto (and certainly with alts), is that the project will actually set the value of Isracoin at 1 ILS (roughly $0.3) which will help a lot in establishing a commerce based value for the coin.

2. We still have the business directory and restructuring of the business registration system in development. It is taking longer than we planned, but that's just the reality of things. Once this is done, we will be issuing press releases on that as well to get media attention.

3. A new wallet is imminent and will contain a cool new feature that will make Isracoin simpler to use for day to day use for the average person. More on that will be released when ready.

4. A really cool project is now being developed by a member of the Israeli ISR community, that will embody some sort of combination of a tipping system and web-wallet, within the FB platform, especially for Isracoin. this is going to be really cool. should be released for beta in the next couple of weeks most likely.

5. A member of the Israeli community is building a site for selling Isracoin via local Fiat (ILS). The site will essentially purchase the coins from the exchanges and sell to the public for local Israeli fiat currency. This is a very, very important step for the project and we hope it will go live within the next 3-4 weeks.

6. Similarly to point 5 above, a special system has been built to work with "Change shops" in Israel where people could step into these currency change shops and exchange cash for Isracoins. There are several thousand such shops in Israel and we feel this could lead to huge spread of the coin in the country. We are now in discussions already with several such shops who are showing interest and hope to be up and running in them soon and spread from there.

There are a few other things in the works, but they are not ready to be discussed yet.

We will announce each of the above things separately and in more detail, once they are ready.

ISR Team.