Elron Ventures Ltd. — Earnings Release 2007

May 21, 2007

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C001����� ����� ��������� ��"�2PublicELRON ELECTRONIC INDUSTRIES LTD.2688Corporation no: 520028036Stock Exchange/Market: �����90379Azrieli Center 3 The Triangle Building, 42nd flr , Tel Aviv 67023 , ,Tel: 03-6075555 , Fax: 03-6075556E.mail address: PAUL@ELRON.NETDate of transmission: 21/05/2007              Time of broadcast: 09:17 09:16:47

Reference: 2007-02-396521

Israel Securities Authority		Tel Aviv Stock Exchange
www.isa.gov.il		www.tase.co.il

Report of Periodic or Interim ReportRegulation 3 of the Securities Regulations, (Periodic and Immediate Reports of Foreign Corporation) 5761-2000

The corporation is a foreign private issuer as defined by U.S. Securities Laws.
Attached hereto is a report on
ELRON ELECTRONIC INDUSTRIES REPORTS $2.6 MILLION NET INCOME IN THE FIRST QUARTER OF 2007
PRQ107_isa.pdf

References of previous documents relating to this matter(the reference does not constitute incorporation by reference):
Previous names of reporting entity:
Date of revision of form structure: 28/02/2007
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Name of the Signatory: : Weinberg Paul , , Position of Signatory in the reporting corporation: General Counsel & Corporate Secretary
Azrieli Center 3 Telephone: 03-6075555 , Facsimile: 03-6075556 , E-mail: Paul@elron.net