Exhibit 10.4




Exhibit 10.4




	





FOR IMMEDIATE RELEASE:

    	 
	



CONTACT:

    	 
	



Ben Marcovitch, Chairman


    	


    Carl Hymans
	



DDS Technologies USA, Inc.
 

    	


    G. S. Schwartz & Co.

	
                                


                                561-750-4450


                                	


    212-725-4500 ext 310



                                

                              
                            
                          
                        
                      
                    
                  
                
              
            
          
        
      
    
  


DDS TECHNOLOGIES USA, INC. COMPLETES EQUITY
FINANCING 


Boca Raton, Fla., (July 15, 2003) -- DDS Technologies USA, Inc. (OTCBB:DDSU),
today announced it has completed a financing for approximately $1.4 million
through the private placement of 392,000 units, each unit consisting of one
share of common stock and a half warrant. Each whole warrant will entitle the
holder to purchase an additional share of common stock for three years at an
exercise price of $7.00 per share. 

The Shemano Group, a leading San Francisco-based investment banking and
institutional broker/dealer firm which serves as DDS' financial advisor and
investment banker, facilitated the financing and private placement. 


ABOUT DDS TECHNOLOGIES


DDS Technologies USA, Inc. holds the rights to a revolutionary processing
technology which maximizes the net output of a broad spectrum of agricultural
products. 

The Company's new DDS System utilizes a new longitudinal micrometric
separator, along with other technologies, to separate various fractions
(proteins, fiber, starch, etc.) and converts processing waste streams into value
added products for further processing or resale.

The DDS System is a unique process whereby fragments of organic and inorganic
matter are "crushed to collision" through violent accelerations and
decelerations causing the dissaggregation of the structure. As part of the
process, the matter is separated into the various fractions contained therein.

DDS Technologies USA, Inc. is a development stage company, which holds the
exclusive license for the DDS dry dissaggregation system in North America, South
America, Central America, the Caribbean (excluding Cuba) and Africa.


Certain statements in this news release that involve expectations or
intentions (such as those relating to future deployments or planned operations)
may constitute forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. The information in this press release
is based on current expectations and assumptions, and is subject to a number of
risks and uncertainties that could cause actual results to differ materially
from those anticipated. Such risks include, among others, general business and
economic conditions, competitive actions, continued acceptance of products and
services and dependence on third party performance as well as the risks and
uncertainties referred to in DDS Technologies USA's current filings with the
Securities and Exchange Commissions. The reader should not place undue reliance
on such forward-looking statements. DDS Technologies USA does not assume any
obligation to update such forward-looking statements.