American Stock Exchange News Release

Options Release
Media Contact: Kelsey Hubbard
American Stock Exchange
212-306-1640/kelsey.hubbard@amex.com

AMERICAN STOCK EXCHANGE TO TRADE OPTIONS ON TWO SECURITIES

New York, May 3, 2006 -  The American Stock Exchange (Amex) will launch trading in options on Thursday, May 4, 2006 on the following Nasdaq Stock Market and New York Stock Exchange listed stocks of:

  • Gilat Satellite Networks Ltd. (Option Symbol: UGX/Stock Symbol: GILT)
  • Intrawest Corporation (Symbol: IDR)

    Gilat Satellite Networks Ltd. options will open with strike prices of 5 - 7 .5 - 10 and position limits of 2,500,000 shares. The options will trade on the March expiration cycle. The specialist will be LaBranche Structured Products, LLC. Gilat Satellite Networks Ltd. designs, develops, manufactures, markets and supports very small aperture terminal satellite earth stations and related hub equipment and software.

    Intrawest Corporation options will open with strike prices of 30 - 35 - 40 and position limits of 5,000,000 shares. The options will trade on the March expiration cycle. The specialist will be Jane Street Specialist, LLC. Intrawest Corporation develops and operates village-centered resorts across North America.

    For more information on any Amex-listed company, please visit www.amex.com.

    • About American Stock Exchange

    The American Stock Exchange® (Amex®) is the only primary exchange that offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRSSM. In addition to its role as a national equities market, the Amex is the pioneer of the ETF, responsible for bringing the first domestic product to market in 1993. Leading the industry in ETF listings, the Amex lists 166 ETFs to date. The Amex is also one of the largest options exchanges in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks.